For more information on this property, contact Lawrence Dy at 8584491253 or

1014-1016 Gillespie Dr
Spring Valley, California CA 91977
Sold For: $749,000
Listing ID 210030583
Status SOLD
SqFt 6,587
Acres 0.150
Year Built 1979

Property Description:

RARE opportunity to own this "townhome-style" duplex, just walking distance from groceries, shops, school, library, transportation, and more! Each unit has its own spacious fenced yards along with large 2 bedrooms and 1.5 bathrooms. Located on a nice quiet lot just off of the main street with PLENTY of parking including possible potential for RV parking? Property shows great inside and out - perfect for the owner-occupied buyer or investor looking for great cash flow. Huge upside potential in rent and opportunity to add value.

Primary Features

County: San Diego
City: Spring Valley
Property Type: 2-4 Units
Year Built: 1979


Cooling: N/K, Wall/Window
Heat Equipment: Forced Air Unit
Heat Source: Other/Remarks
Levels: 2 Story
Total Stories: 2
Unit 1 Estimated SqFt: 1044
Unit 1 Laundry Hook Ups: Common
Unit 1 Number of Bedrooms: 2
Unit 1 Number of Full Baths: 1
Unit 1 Number of Half Baths: 1
Unit 1 Number Total Baths: 2
Unit 2 Estimated SqFt: 1044
Unit 2 Laundry Hook Ups: Common
Unit 2 Number of Bedrooms: 2
Unit 2 Number of Full Baths: 1
Unit 2 Number of Half Baths: 1
Unit 2 Number Total Baths: 2
Unit Number for Unit 1: 1014
Unit Number for Unit 2: 1016


Entry Only: no
Exterior: Stucco
Fencing: Partial
Irrigation: Other/Remarks
Lot Size: 4,000-7,499 SF
Neighborhood: Spring Valley
Number of Buildings: 1
Number of Units: 2
Number of Units w/Dryers: 2
Number of Units w/Patios: 2
Number of Units w/Range/Oven: 2
Number of Units w/Refrigerator: 1
Number of Units w/Washers: 2
Number Units w/Cooling: 1
Number Units w/Dishwashers: 2
Parking for RV: Potential Space
Parking Garage Unit 1: N/K
Parking Garage Unit 2: N/K
Parking Non-Garage Unit 1: Uncovered
Parking Non-Garage Unit 2: Uncovered
Roof: Other/Remarks
Sewer/Septic: Sewer Connected
Site: Easement Access
Water: Meter on Property


Complex/Park: Spring Valley
Country: United States
Market Area: East County
Zip/Area: SPRING VALLEY (91977)


Property Type: 2-4 UNITS


Age Restrictions: N/K
Financing: Conventional
Gross Rent Multiplier Act: 36.5
Gross Rent Multiplier Projected: 14.86
Gross Scheduled Income Actual: 20520
Gross Scheduled Income Projected: 50400
Home Owners Fee Includes: N/K
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no
Tenant Pays: Electricity, Other/Remarks
Terms: Cash, Conventional, FHA, VA
Unit 1 Deposit: 1710
Unit 1 Projected Rent: 2100
Unit 1 Rent Actual: 1710
Unit 2 Projected Rent: 2100

Zoning Info

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Lawrence Dy

11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253

Data services provided by IDX Broker