8655 Valencia Drive, Spring Valley, CA 91977

Offer Price:

$795,000

Units:

SFR + 3 Ready-to-issue (RTI)

APN:

503-391-15-00

Lot Size:

9,235 SF

Status:

Active

Submarket:

San Diego

Property Type:

Apartments, Land

Strategy:

Value-Add

8655–59 Valencia Street presents a permit-ready residential development opportunity in the heart of Spring Valley. The property features an existing single-family residence and approved plans for additional units, allowing an investor or developer to create a four-unit residential compound on a single lot.

Positioned in an established infill neighborhood with strong rental demand, the project leverages California’s pro-housing ADU legislation to maximize density while maintaining neighborhood compatibility. Investors can execute a phased construction strategy, stabilize the property at market rents, and create a highly efficient small-scale multifamily asset in a supply-constrained East County rental market.

 

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Listed By:

Aaron Bove
Executive Vice President | San Diego Region
aaron.bove@colliers.com
CA Lic. 01318320

Direct: +1 858 677 5319 | Mobile: +1 858 945 7094

4350 La Jolla Village Drive, Suite 500 | San Diego, CA 92122