For more information regarding the value of a property, please contact us for a free consultation.
4032 N Bonita St. N Spring Valley, CA 91977
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,210,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 210002621
Sold Date 03/29/21
HOA Y/N No
Lot Size 0.360 Acres
Property Description
Superior unit mix of one-2 bed/1.5 bath detached house and eight-2 bed/one bath apartments. *There is an additional non-permitted one bed/one bath unit below the house. Built in 1950. Almost all units have been renovated upon turnover. Seller has done about $220k of renovations with a new roof on the detached house and interior upgrades. Laundry room with owned newer Speed Queen Quantum Gold top of the line washer/dryers. Density bonus law of 2018 grants the right of owners of multifamily assets to convert non-permitted residential space to permitted. Local jurisdiction, San Diego County, has 60 days to approve the conversion. That means relatively easy recognition or legalization of a non-permitted unit. Part of a 6 asset portfolio, all of which are available individually.
Location
State CA
County San Diego
Area 91977 - Spring Valley
Interior
Fireplace No
Others
Tax ID 5011750400
Financing Cash to New Loan
Read Less
Bought with Alvaro Virissimo • Triple Advantage Real Estate