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1040-1040.5 Gillespie Dr.

Spring Valley, CA 91977
  • $1,175,000
  • STATUS: ACTIVE
  • ON SITE: 67 Days
  • ID#: 240026107
UPDATED: 52 min ago
$1,175,000
  • 7
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,729
    SQFT
  • $431
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Description

GREAT OPPORTUNITY FOR INVESTORS! SITUATED AT THE END OF A PRIVATE ROAD ARE TWO ALMOST NEW FULL-SIZED DETACHED MANUFACTURED HOMES ON A LARGE LOT. THE FIRST IS 4 BED 3 BATH 1,546 SQ FT. THE SECOND IS 3 BED 2 BATH 1,183 SQ FT. BOTH HAVE OPEN FLOOR PLANS WITH ISLAND KITCHENS, LAUNDRY ROOMS, MASTER WALK-IN CLOSETS, 9' CEILINGS, TALL WINDOWS AND CEILING FANS. EACH HAS ITS ON YARD.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/157549513
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1040-1040.5 Gillespie Dr. Spring Valley, CA 91977

  • Price: $1,175,000
  • Status: ACTIVE
  • On Site: 67 Days
  • Updated: 52 min ago
  • ID#: 240026107
7
Beds
4
Baths
0
½ Baths
N/A
Acres
2,729
SQFT
$431
$/SQFT
2022
Built
Neighborhood:
Spring Valley
County:
San Diego
Area:
Spring Valley (91977)
Property Description
GREAT OPPORTUNITY FOR INVESTORS! SITUATED AT THE END OF A PRIVATE ROAD ARE TWO ALMOST NEW FULL-SIZED DETACHED MANUFACTURED HOMES ON A LARGE LOT. THE FIRST IS 4 BED 3 BATH 1,546 SQ FT. THE SECOND IS 3 BED 2 BATH 1,183 SQ FT. BOTH HAVE OPEN FLOOR PLANS WITH ISLAND KITCHENS, LAUNDRY ROOMS, MASTER WALK-IN CLOSETS, 9' CEILINGS, TALL WINDOWS AND CEILING FANS. EACH HAS ITS ON YARD.
Exterior Features

Exterior Other/Remarks Fencing Partial Roof Composition Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 6.3 Age Restrictions N/K Annual Expense Actual 10800 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SPRING VALLEY Complex Park NONE Cross Streets JAMACHA RD. Gross Rent Multiplier Actual 13.88 Gross Scheduled Income Actual 84600 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays TrashCable TVElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1040 Unit Number For Unit2 1040.5 Unit1 Deposit 3500 Unit1 Occupied Tenant Unit1 Rent Actual 3500.0 Unit2 Deposit 3500 Unit2 Occupied Tenant Unit2 Rent Actual 3550.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Brian Turner of Cabrillo Mortgage & Realty Service: 619-246-8012. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty
4138 Napier St.
San Diego CA, 92110