Great rental investment property in Spring Valley. Large spacious units each with own fenced backyard, patio and 2 assigned parking spaces in front of building. Laundry hookups available. Tile flooring throughout both units. Unit occupied by seller/owner had new tile flooring installed and popcorn ceiling removed and new wall A/C in both bedrooms. Great place to live in one unit and rent out the other. Tenant in place is new and has one year lease..
Multi-familyProperty Type
1978Year Built
$403Est. Price/Sq.Ft.
Listed by John Mapes•DRE #01468331• J & M Investment Solutions Inc
•619-507-8958 (agent)
•marc@jmrealestate.net (agent)
Bought with Bianca Manuel•DRE #01326722• Coldwell Banker West
Wow! Terrific opportunity at a competitive price! What a great investment opportunity! A very rentable area in Spring Valley. Each unit has its own fenced in back yard and two car parking spaces in front. Currently under professional property management which cost is included in expense figures.
Note from Listing Agent: Property was inherited several years ago. Sellers have never lived in the property. Estimated measurements and information herein, including financial information and estimates, are from sources deemed reliable, but not guaranteed; if this information is important to Buyer, Buyer should investigate and verify during Buyer's escrow contingency period. During Buyer inspection period prior to Close of Escrow, Buyer is advised to verify all measurements, MLS information herein, permits, fees, CC&Rs, Preliminary Report of Title and items of Public Record, and conduct a professional inspection of the property. This is an EQUAL HOUSING OPPORTUNITY.
SDMLS #140056653
Feb 1, 2015
Listing Removed
—
Oct 16, 2014
Listed
$359,900
$167/sq ft
SDMLS #140021791
Oct 1, 2014
Listing Removed
—
Jun 11, 2014
Price Changed
$359,900
$167/sq ft
Apr 25, 2014
Listed
$365,000
$170/sq ft
SDMLS #80038779
Nov 30, 2008
Listing Removed
—
May 30, 2008
Listed
$300,000
$140/sq ft
Public Records
Jun 1, 1979
Sold
$31,500
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,888 (+4.2%)
$170,861 + $409,424
$580,285
2024
$7,570 (+3.2%)
$167,511 + $401,397
$568,908
2023
$7,332 (+1.7%)
$164,227 + $393,527
$557,754
2022
$7,210 (+0.9%)
$161,007 + $385,811
$546,818
2021
$7,144 (+4.1%)
$157,850 + $378,247
$536,097
2020
$6,859 (+1.5%)
$154,755 + $370,831
$525,586
2019
$6,759 (+36.0%)
$153,169 + $367,029
$520,198
2018
$4,969 (+2.8%)
$150,166 + $359,833
$509,999
2017
$4,836 (+3.7%)
$106,719 + $255,723
$362,442
2016
$4,665 (+101.4%)
$106,719 + $255,723
$362,442
2015
$2,316 (+1.4%)
$104,627 + $250,709
$355,336
2014
$2,283 (+0.2%)
$41,860 + $100,305
$142,165
2013
$2,279 (+2.4%)
$41,860 + $100,305
$142,165
2012
$2,225 (+1.5%)
$41,671 + $99,852
$141,523
2011
$2,192 (+1.2%)
$40,854 + $97,895
$138,749
2010
$2,166
$40,053 + $95,976
$136,029
2009
$2,166 (+4.0%)
$39,754 + $95,259
$135,013
2008
$2,084
$39,849 + $95,486
$135,335
Tax history for 2925-2927 Cherry Ln
Year
Property tax
Land + Additions
Assessment*
2025
$7,888 (+4.2%)
$170,861 + $409,424
$580,285
2024
$7,570 (+3.2%)
$167,511 + $401,397
$568,908
2023
$7,332 (+1.7%)
$164,227 + $393,527
$557,754
2022
$7,210 (+0.9%)
$161,007 + $385,811
$546,818
2021
$7,144 (+4.1%)
$157,850 + $378,247
$536,097
2020
$6,859 (+1.5%)
$154,755 + $370,831
$525,586
2019
$6,759 (+36.0%)
$153,169 + $367,029
$520,198
2018
$4,969 (+2.8%)
$150,166 + $359,833
$509,999
2017
$4,836 (+3.7%)
$106,719 + $255,723
$362,442
2016
$4,665 (+101.4%)
$106,719 + $255,723
$362,442
2015
$2,316 (+1.4%)
$104,627 + $250,709
$355,336
2014
$2,283 (+0.2%)
$41,860 + $100,305
$142,165
2013
$2,279 (+2.4%)
$41,860 + $100,305
$142,165
2012
$2,225 (+1.5%)
$41,671 + $99,852
$141,523
2011
$2,192 (+1.2%)
$40,854 + $97,895
$138,749
2010
$2,166
$40,053 + $95,976
$136,029
2009
$2,166 (+4.0%)
$39,754 + $95,259
$135,013
2008
$2,084
$39,849 + $95,486
$135,335
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.