8650 Lamar Street, Spring Valley, CA 91977

$649,000
List Price
$649,000
Price Change
▼ $50,000 1571023983
Days on Market
35
Status
ACTIVE
MLS#
190050826
City
Spring Valley
Property Type
Multifamily

Property Description

VALUE IS IN THE LAND!! DEVELOPER/CONTRACTOR/INVESTOR OPPORTUNITY FOR 11-UNIT APARTMENT BUILDING. This is a unique property ready for contractor/investor to develop. Owner has design & drawings started for apartments. See Document section. Potential units would include (10) 3BD/2BA & (1) 4BD/2.5BA. Approved Site Plan! Much of grading & drainage work has been completed under previous permit. May be able to build more units due to new housing laws. Currently, 3BD/1.5BA (assessor record shows 2bd/2ba) house sits on property and is currently rented for over $2000/month. Earn income on existing house while preparing for project. Also designated "Q" zoning for animals. Possible horse property or raise small animals if development isn't for you.

Additional Information

Style
Com-Res Income

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Listing courtesy of Bluesage Properties, Inc

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