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    3237 S Bonita Spring Valley, CA 91977

    View on Map
    For Sale
    $999,000

    MULTI_FAMILY - Spring Valley, CA

    Property size:
    2,440 SF
    Lot size:
    0.27 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 3237 S Bonita

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1:SINGLE
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 1
    Standard status
    Active
    APN
    504-102-03-00
    Size
    2,440 SF
    Lot size
    0.27 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Deven J Ortiz

    Listing agent Deven J Ortiz License #02058218

    Listing office Real Broker 1420 Kettner Blvd #100 Jason Lopez, La Mesa, CA

    Listing date Mar 24, 2026

    MLS# 260007032

    Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spring Valley Multifamily Value-Add Opportunity

    Located in Spring Valley on over 0.25 acres, this income-producing property features two independent units: a 4-bed, 2-bath main residence and a large 1-bed, 1-bath guest house (approximately 640 sq ft, built in 1995) with vaulted ceilings. The property offers panoramic views of Downtown San Diego and Mt. Helix. It is suited for investors seeking strong in-place income with additional upside. The current ownership has operated a dog boarding business on-site, creating an additional revenue stream. Capital improvements include paid-off solar, new HVAC systems, and new windows. The oversized 0.25+ acre lot offers substantial development potential, such as adding additional units, expanding existing structures, converting the detached 2-car garage, or creating a multi-unit compound. The property has strong rental flexibility, multiple income streams, and future development upside. Convenient access to freeways, shopping, and employment centers enhances tenant demand and long-term appreciation potential. The property is zoned R-1:SINGLE.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Desierto Contracting Inc Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Valley
    County
    San Diego
    State
    California
    Longitude
    -116.98431
    Latitude
    32.741596

    Nearby Similar for Sale

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      36,960 SF

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      48-unit apartment community in La Presa neighborhood, renovated in 2025.
      9249 Birch St, Spring Valley, CA 91977
      View Details
    • $1,075,000
      2,729 SF

      Two Houses on Large Lot

      Two almost new houses on a large lot, private street.
      1040 Gillespie Dr, Spring Valley, CA 91977
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    • $5,500
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      Jamacha Road Commercial Space Available

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      Six-Unit Multifamily Property

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    FAQs

    What type of property is this?
    Duplex - Income-producing property with development potential and panoramic views.
    Where is this duplex located?
    The property is located at 3237 S Bonita Spring Valley, CA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Paid‑off solar panels, new HVAC systems, and new windows significantly reduce operating expenses.; True 2‑unit property (4 bed/2 bath main house + 1 bed/1 bath guest house) provides immediate rental income potential or multi‑generational living.; Over 0.25 acre lot offers significant development potential.
    (760) 420-1284
    We can help!
    Listing Contact
    Deven J Ortiz
    Real Estate License ID: 02058218
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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