$1,175,000

1040 Gillespie Dr Spring Valley, CA 91977

La Presa Neighborhood

Estimated payment $7,029/month

Total Views 847
7 Beds
4 Baths
2,729 Sq Ft
$431 Price per Sq Ft

About This Home

TWO ALMOST NEW HOUSES ON LARGE LOT ON PRIVATE STREET. PLENTY OF PARKING. YARDS. LOW MAINTENANCE. DOUBLE SINKS AND WALK-IN CLOSETS IN THE MASTER'S. LAUNDRY ROOMS. OPEN FLOOR PLANS. ISLAND KITCHENS.

Listing Agent

Brian Turner

Cabrillo Mortgage & Realty Service License #01183765

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,648

Year Built

  • Built in 2021

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Assessor Parcel Number 5845101900

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,648

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: ST. GEORGE
  • Neighborhood: SPRING VALLEY
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 2021
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Community: SPRING VALLEY

Lot Info

  • Lot Size: .25 to .5 AC
  • Assessor Parcel Number: 5845101900

Rental Info

  • Tenant Pays: Trash, Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 72000
  • Annual Expense Actual: 12000
  • Gross Rent Multiplier Actual: 7.2
  • Gross Sched Income Actual: 84600
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,648 $379,579 $54,681 $324,898
2023 $3,484 $202,529 $53,609 $148,920
2022 $2,877 $198,558 $52,558 $146,000
2021 $1,152 $51,528 $51,528 $0
2020 $1,087 $51,000 $51,000 $0
2019 $136 $9,500 $9,500 $0
2018 $133 $9,314 $9,314 $0
2017 $132 $9,132 $9,132 $0
2016 $128 $8,953 $8,953 $0
2015 $127 $8,819 $8,819 $0
2014 $125 $8,647 $8,647 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 For Sale $1,175,000 -- $431 / Sq Ft
Source: San Diego MLS

Deed History

Date Type Sale Price Title Company
Gift Deed -- Ticor Title
Interfamily Deed Transfer -- First American Title
Grant Deed $50,000 First American Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $505,000 New Conventional
Previous Owner $400,000 New Conventional
Source: Public Records

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See All Homes in Spring Valley

Source: San Diego MLS

MLS Number: 250025023

San Diego MLS

APN: 584-510-19

California San Diego County Spring Valley 91977 La Presa

1040 Gillespie Dr, Spring Valley, CA

Homes for Sale in Spring Valley, CA

This home is located at 1040 Gillespie Dr, Spring Valley, CA 91977 and is currently priced at $1,175,000, approximately $430 per square foot. This property was built in 2021. 1040 Gillespie Dr is a home with nearby schools including Science, Technology, Engineering, Arts, And Math Academy, Kempton Literacy Academy, and Mount Miguel High School.

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Listing Agent
Brian Turner
Section Image
Cabrillo Mortgage & Realty Service
(619) 500-0417