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3628 S Bonita St

3628 South Bonita Street, Spring Valley, CA, USA

Sold

$980,000

Casa De Oro 4Plex

Property Type

Multifamily

Units

4

SqFt

3,375

Price

$980,000

Price/Unit

$245,000

Year Built

1972

Market

Spring Valley

Price/SF

$290

Cap Rate

6.26%

GRM

11.81

Unit Mix

(3) 2bed+1bath, (1) 3bed+1bath

Property Description

Top Gun CRE, Inc is pleased to present 3628 S Bonita, a value-add two-story, 4-unit apartment building. Located in Casa De Oro submarket in Spring Valley, being just north of the 94 highway. The property is centrally located in Spring Valley being minutes from all the top destinations and
shopping in East County San Diego.

The property was originally built circa 1972 and contains four residential units. The property is comprised of (3) 2 bed + 1 bath that are approximately 775 square feet each, and a single 3 bed + 1 bath that is approximately 1050 square feet. There is an additional storage room with laundry hookups. The property is gated and has a 4-car carport and an additional 4 uncovered spaces.

This property boasts a huge lot totaling approximately 9,027 square feet. One of the 2 bed + 1 bath is currently vacant and ready to take on renovations and achieve market rent. Two of the 2 bed units are on Section 8 Affordable Housing through San Diego County. Each unit is individually metered for water and G&E. With low expenses, if you’re looking for cashflow, this is the deal to consider. Additional income from laundry, parking, and storage.

Contact Agent

Joseph Barela

760.718.8793

DRE# 02132418

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