SELLER FINANCING AVAILABLE! Five contiguous 2nd-floor office condos in a 19-unit complex, offered individually or as a portfolio. Units average ~419 SF, are currently leased month-to-month to diverse tenants (engineering, insurance, real estate, construction, and more), and rent for $400-$575/month. Each has been recently upgraded with new flooring, paint, lighting, and ceiling fans, plus a wall AC unit and (in most units) partitioned offices with a reception area. The complex offers 18 off-street parking spaces, floor-level common restrooms, and stairwell-only access (no elevator). HOA dues of ~$65-$75/month per unit cover water, sewer, trash, landscaping, common-area maintenance, and exterior security lighting; gas and electric are separately metered and tenant-paid. Seller prefers a two-party simultaneous 1031 exchange into a 4+ unit multifamily property (fixers preferred), but will also consider an outright sale individually or as a portfolio with seller financing available at 5-5.5% over a 10-year term.
| MLS # | PTP2604415 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 79 |
| Listing Provided By | Top Gun CRE | Max Delbecq |
| SQ Feet | 2,093 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | Commercial https://scout |
| Acreage | 0.27 |
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | No |
| Lot Features | Level, Paved, Street Level |
|---|
| State | CA |
|---|---|
| County | San Diego |
| City | Spring Valley |
| Zip Code | 91977 |
| Area | 91977 Spring Valley |
| Listing VS Median (in 91977) | |
Price: $800,000 low | high Med: $997,500 sqft: 2,093 low | high Med: 4,000 $ / sqft: $382 low | high Med: $249 On site: 79 low | high Med: 139 | |
| State | CA |
|---|---|
| County | San Diego |
| City | Spring Valley |
| Zip Code | 91977 |
| Area | 91977 Spring Valley |
| Listing VS Median (in 91977) | |
Price: $800,000 low | high Med: $997,500 sqft: 2,093 low | high Med: 4,000 $ / sqft: $382 low | high Med: $249 On site: 79 low | high Med: 139 | |