Wonderful Spring Valley Triplex with potential Assumable Loan at a very low interest rate! DO NOT DISTURB TENANTS AND DO NOT DRIVE ON TO THE PROPERTY. Current Cap Rate is over 6% and projected Cap Rates support a value well over $1M. Great investment property with existing cash flow in place. Three updated units with new flooring and updates throughout, including AC. Comprised of three 2b/1b units with spacious shared driveway & two assigned parking spaces per unit. Multi-family property with residential income or live in one unit and rent the other two. Lamar Park is adjacent to this property just located steps from your front doors! Next door to 9 acres of open green space, playgrounds, picnic tables, and a perfect place to play and relax. Quick access to the 94 freeway.
Sold for $1,070,000 on 06/21/24
Listing Provided by:
David Waitley DRE #00939416 davidwaitley@att.net,
Heritage Re David Waitley Co B,
Demi Waitley DRE #02027928 619-368-5734,
Heritage Re David Waitley Co B
$1,070,000
3145-3147 Ronald Ct, Spring Valley, CA 91977
--beds
--baths
2,184sqft
Multi Family
Built in 1959
-- sqft lot
$1,041,800 Zestimate®
$490/sqft
$3,743 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 21, 2024 at 01:44pm
Listing Provided by:
David Waitley DRE #00939416 davidwaitley@att.net,
Heritage Re David Waitley Co B,
Demi Waitley DRE #02027928 619-368-5734,
Heritage Re David Waitley Co B
Bought with:
Maximo Perez, DRE #02140854
Tidal Realty
Source: CRMLS,MLS#: PTP2402370
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
Interior area
- Total structure area: 2,184
- Total interior livable area: 2,184 sqft
Property
Parking
- Total spaces: 6
- Parking features: Gravel, On Site, Shared Driveway, Uncovered
- Uncovered spaces: 6
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 10,165 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5032711900
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- Year built: 1959
Community & neighborhood
Community
- Community features: Biking, Dog Park, Hiking, Park, Street Lights, Suburban, Sidewalks
Location
- Region: Spring Valley
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$1,041,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,041,800