8650 Lamar Street, Spring Valley, CA 91977

Sold Price
List Price
Closing Date
Dec 19, 2019
Days on Market
Spring Valley
Property Type

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

Com-Res Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
Term of Loan

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Bluesage Properties, Inc

Selling Office: Bluesage Properties, Inc.

board 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 © 2020 San Diego MLS®,