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SOLD 5/22/2015

8948 Lamar Street, Spring Valley, CA 91977$382,000

4
beds
2
baths
· 13939
ft2 lot

Listing provided courtesy of Listing Broker: Marvin Gergen, MTM Property Management &Real
Source CRMLS;
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Traditional sale. Two houses one large lot located at end of dead end street. Single story separate houses with attached one car garages plus one parking space per house. Large yard on 8948 Lamar. Assessor records show only 8948 but it is 8948-8952 Lamar Street. Located on small street right off Lamar. Note signs on Lamar that show street numbers. Long time owners. Managed for 10 plus years by MTM Prop Mgmt. Lots space on lots. Possible expansion on 8948 Lamar. Quiet low traffic street. Potential Great opportunity to live in one unit and continue to rent out other unit. Lots of potential for rent increases due to market availability of rentals in area. Mortgage rates should make this a great investment. Located on over one third of an acre on flat level lot. Placement of the two separate houses makes this an ideal situation to consider adding another unit. Great parking available currently for each unit. Has 1 car attached garages and additional patio style parking plus driveway for each unit. Long time family owned property with lots of upside. Neighborhoods: Spring Valley Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 8948 Unit # for Unit 2: 8952 Number of Furnished Units: 0 Topography: LL

HOA

$0/month

On market

4 months

Year built

1971

Property type

Multi-Family

Parking

MLS

140064748

Price / Sq.Ft.

ft2

Status

Closed

Buyer’s Brokerage Commission

Home details for 8948 Lamar Street

Interior Features & Layout
Appliances
•   
Appliances: Gas Water Heater
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Natural Gas
Property, Lot, Community & Exterior Features
Lot Info
•   
Zoning: RV15
•   
Lot Size Acres: 0.3200
•   
Lot Size Dimensions: 60x210
•   
Lot Size Area: 13939.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 2
Property Features
•   
Fencing: Partial
Building Info
•   
Roof: Composition
•   
Stories Total: 1
•   
Num Stories: One
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Trash Collection, Cable TV, Electricity, Gas
•   
Cap Rate: 0.00
•   
Gross Scheduled Income: 30600.00
Lease Info
•   
Net Operating Income: 0.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1300.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1250.00
Multi Unit Information
•   
Number With Refrigerator: 2
•   
# Of Units: 4
•   
Number With Patio: 2
•   
Number With Range: 2
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Spring Valley
•   
Subdivision: Spring Valley
•   
Directions: Bancroft south of 94; turn West on Lamar; right at sign that lists all homes on this dead end street. 8940-8952 on sign CrossStreet: Bancroft and Lamar
Virtual Tour Link
Virtual Tour
Other
Calculation
•   
Dom: 118
•   
Cdom: 118

Neighborhood snapshot

28
Properties for sale
7
Median days on market
$415.61
Median sold price/sqft
102.03%
Sold/List %
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Property History for 8948 Lamar Street

05/22/2015
05/22/2015
CRMLS #140064748
sold
CRMLS #140064748
$409,000
+7.07%
05/21/2015
05/21/2015
EBRD/CCAR/Bay East #CR140064748
sold
EBRD/CCAR/Bay East #CR140064748
$382,000

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