9141 43 Campo Road, Spring Valley, CA 91977
- $997,500
- List Price
- $997,500
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- PTP2602673
- Year Built
- 1952
- Lot Location
- Corner Lot, Level, Near Public Transit, Paved, Street Level
- Days on Market
- 111
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
The property known as the Bancroft Bar and it's adjoining residential unit is on two parcels with the structures straddling both. The bar has been operating since the 1950s and continues to atract a wide array of customers due to its music venue reputation, neighborly vibe and myriad entertainments. The bar business is not owned by the property owner. The actual year built is unknown and the building size is estimated (bar portion 3,000 sf). There are three restrooms, multiple entries/exits and ventilation. The rear residence has a two bedroom/two bath home with window AC and mini splits. Approximately 16 cars park along the side street (Willowside Lane) and in front of the bar. Additional vehicles may be parked inside the rear residence fence. The cap rate is estimated at 5.5% for the scheduled actual income of both tenants. The western side of the property has a county maintained water overflow canal. The site is well located at the base of Casa de Oro near the Hwy 94 and MTS bus route 855.
Additional Information
- Taxes
- $5,281
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $71,324
- Operating Expense
- 14681
Listing courtesy of Listing Agent: Mike Habib (michael.habib@cbrealty.com) from Listing Office: Coldwell Banker Realty.
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