8904 Lamar, Spring Valley, CA 91977

$735,000
4
BD
2
BA

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Sold Price
$735,000
List Price
$750,000
Closing Date
Dec 04, 2023
Status
CLOSED
MLS#
230020456
Bedrooms
4
Bathrooms
2
City
Spring Valley
Neighborhood
Spring Valley
Property Type
Multifamily
Year Built
1963

Property Description

Great investment! Duplex with 2 bedrooms 1 bath each. Large yards front and back. Mature trees in the back yards. Stove, refrigerator, microwave and washer/dryer convey. New roof. New mini-splits in each unit (HVAC). Unit 8904 has been recently updated. Both units are in good condition. Long term renter in 8906. Lamar County Park is 50' away at the end of the cul-de-sac. This property also owns the easement that runs behind the homes out to Lamar St. Seller uses this to park extra vehicles when needed. CAP rate is approx 6% at current rents (rents need to be raised to meet market standards)

Additional Information

Cooling
Other
Neighborhood
Spring Valley
Roof
Composition
Year Built
1963

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jean Kaiser (619-887-6469) from Listing Office: Compass.

Selling Office: Finest City Homes & Loans.

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