SOLD: 1403 Capistrano Ave, Spring Valley, CA 91977. 6-bedroom 3.5-bath, 2931 sf, 1991 SPRING VALLEY $999,999 begin new search
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Overview

Discover unparalleled comfort & investment potential with this exquisite property, featuring a single-family home + an additional unit, nestled in a tranquil cul-de-sac on the scenic slopes of Dictionary Hill, offering breathtaking reservoir views. FINANCING BENEFITS: take advantage of an assumable VA loan w/ 2.875% if you have VA entitlement. Or seller will also consider a credit towards buyers closing costs or rate buydown. MAIN RESIDENCE HIGHLIGHTS: 4 bedrooms/2.5 bathrooms, providing ample space for relaxation & entertainment. Stylish blue kitchen w/quartz countertops. Cozy fireplace to enjoy the warmth and ambiance in the living room. Spectacular views throughout multiple balconies. Lower level includes four large bedrooms and two full bathrooms. The primary suite features a luxurious bathroom with a soaking tub, shower, double sinks, and access to a large deck with stunning views. Modern comfort and style with a full remodel completed five years ago. ADDITIONAL UNIT FEATURES: Built just one year ago, this 2-bedroom 1-bathroom unit offers independence with its own entrance and a small balcony off the front door. Includes a fireplace in the living room and a luxurious shared bathroom, ensuring a comfortable living space. OUTDOOR SPACE: A huge backyard offers endless possibilities for outdoor activities and gatherings. INVESTMENT OPPORTUNITY: Current rents are $4,650 for main house & $2,600 for additional unit, providing a strong cap rate of >8%. Dual living spaces are perfect for generating rental income or accommodating extended family.

Address 1403 Capistrano Ave

Spring Valley, CA 91977
Listing Status SOLD
Sold Price $1,000,000
Asking Price $999,999
Original Listing $999,999 @ 2024-04-11
Terms Assumable,Cash,Conventional,FHA,VA,Cash To New Loan
Sold Terms Cash to New Loan
Escrow Date 2024-08-23
Closing Date 2024-09-26
Days on MLS 23
Ownership
Age Restriction N/K
Property Type Fee Simple
Total Units 2 building / 2 complex
Property Restrictions None Known
Sales Restrictions N/K
Mello-Roos Fee $0
HOA Fee $0
HOA Fee Includes N/K
Rooms
Basement, Breakfast Area, Dining Area, Family Room, Great Room, Kitchen, Living Room, Master Bedroom, All Bedrooms Up, Family Kitchen, Laundry, Master Bathroom, Walk-In Closet, Walk-In Pantry
Square Footage 2931 sf
Flooring Carpet, Linoleum/Vinyl, Tile
Bedrooms 6 + 0 optional
Full Bathrooms 3
Half Baths 1
Family Room 0
Living Room 25x15
Dining Room 17x13
Kichen 11x13
Master Bedroom 13x14
2nd Bedroom 20x12
3rd Bedroom 10x13
4th Bedroom 10x9
5th Bedroom 10x10
Location
Directions Drive East on Jamacha Rd. Turn left on Capistrano Ave. Home will be located on the right.
Cross Street Chestnut St
Market Area East County
Community Area SPRING VALLEY
Neighborhood Dictionary Hill
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 579-378-23-00
Geographic Areas

Community College District: Grossmont-cuyamaca CC

Zip Code: 91977

Highway Locator

East of I-15

East of I-5

South of I-8

East of I-805

South of SR-52

Ocean Distance 16.9 miles
Features
Year Built 1991 (source: Assessor)
Laundry Location Closet Stacked,Garage
Elevator Not Listed
Cooling Central Forced Air, Electric, Gas
Heating Natural Gas Zoned Areas, Fireplace
Irrigation N/K
TV/Telecomm N/K
Sewer/Septic Sewer Connected,Public Sewer
Fireplaces 2 (FP in Living Room, Electric, Gas)
Equipment Dishwasher, Disposal, Dryer, Garage Door Opener, Solar Panels, Washer, 6 Burner Stove, Gas & Electric Range
Interior Features 2 Staircases, Bathtub, Built-Ins, Ceiling Fan, Living Room Balcony, Living Room Deck Attached, Pantry, Remodeled Kitchen, Shower, Shower in Tub, Sump Pump, Kitchen Open to Family Rm
Monthly Payment Calculator
Listing Source
Platform SDMLS
AOR San Diego Association of REALTORS (SDAR)
MLS Number 240017915
Courtesy of eXp Realty of Southern California, Inc.
Exterior
Style Detached 3 Story
Material Brick,Stucco,Wood/Stucco
Lot Size 7,500-10,889 SF
Fencing Full
Topography Bluff/Canyon Rim,Canyon/Valley,Mountainous,Rolling,Slope Gentle,Slope Steep
Roof Shingle
Swimming Pool N/K
Patio Deck
Site Cul-De-Sac, Irregular Lot, Public Street
Parking
Attached
Garage - Front Entry
Garage - Single Door
Garage Door Opener
Total Spaces: 4
Garage Spaces: 2
Non-Garage Spaces: 2 - Driveway,Street
View Panoramic, Valley/Canyon, Other/Remarks, Reservoir