Detailed Introduction Of This Home
Welcome to an incredible investment opportunity in Spring Valley, California! This property boasts three independent units on a spacious half-acre lot, presenting great potential for savvy investors and homeowners seeking rental income. Two separate tenants are already in place, each paying $2,000 per month, providing an immediate revenue stream. The previous owner spared no expense, investing over $200,000 in extensive upgrades to the property. Key improvements include enhanced plumbing with cleaned sewer lines and an additional entrance, ensuring efficient drainage. The entire electrical system has been redone, with added breakers in the ADU, ensuring safety and modern functionality. Noteworthy upgrades in the front home include five new windows, providing ample natural light and enhancing the overall appeal. Energy-efficient recessed LED lighting has been installed throughout the main house, complementing the contemporary design and reducing energy consumption. Both the main house and side ADU feature brand new bathrooms, while the guest property boasts a completely new kitchen, making these units highly desirable for potential tenants. Luxury Vinyl Plank (LVP) floors valued at $18,000 have been installed in living spaces, while new vanities throughout, worth over $20,000, add a touch of luxury. The main house's grandeur is further enhanced by 8-foot ceilings vaulted to an impressive 12.6 feet, complemented by skylights and beams, a project totaling over $42,000 in value. The property has been equipped with new insulation throughout and a new roof valued at over $20,000, ensuring optimal energy efficiency and long-term durability. One of the most significant investments is the fully paid-off 14-panel, 300-watt solar system, reducing utility expenses and environmental impact. With these impressive improvements, you can enjoy hassle-free ownership and stable rental income. The half-acre lot offers potential for future expansion or development, increasing the property's value even further. This investment gem is situated in a desirable area of San Diego, close to amenities, schools, parks, and major transportation routes, adding to its appeal for potential tenants or homeowners. Take advantage of the thriving rental market and secure your future with this lucrative property. Don't miss out on this exceptional opportunity in San Diego!