Prime investment opportunity in the heart of Spring Valley! 1015–1017 Grand Ave features 5 apartments on the second floor (Units 1, 2, 3, F & G), plus multiple income-producing spaces on the first floor including a restaurant (Unit A/B), a vacant commercial unit (Unit C), a laundry facility (Unit D), and 4 garages. This diverse mix offers strong current income with additional upside potential. The restaurant provides steady rental income, the laundry generates sales (or can be leased to a tenant), and the vacant commercial unit and garages present value-add opportunities for increased revenue.Recent improvements include a new roof over Units 1, 2, and 3 (Dec. 2024) and a new fence in the back parking lot. With a solid rental history, multiple income streams, and a desirable location near shopping, schools, and freeway access, this property is ideal for investors seeking stable cash flow and long-term growth.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,900,000 | $329 | Coldwell Banker West |
Elementary School Kempton Street Elementary | 0.4 miles away | KG - 05 | |
Elementary School La Presa Elementary | 0.7 miles away | KG - 06 | |
Elementary School Bancroft Elementary | 1.2 miles away | KG - 05 |