3387 Central Avenue, Spring Valley, California 91977, Spring Valley, 91977 - 6 bed, 4 bath
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3387 Central Avenue
Spring Valley, California 91977
ACTIVE
CONDITION: EXCELLENT
6Beds
4Baths
2,576Sq Ft
9,583.2Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,177,158
SUMMARY
This Turnkey Duplex represents a High-Potential Investment Opportunity, listed at $1,200,000 against a $1,177,159 Fair Market Value. While priced slightly above market, the property offers a rare FHA assumable loan at 4.375%, providing a significant financing advantage. With an Excellent Condition Rating following a high-end renovation, this asset features paid-off solar, a private pool, and a large lot. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing residence with modern upgrades.
Estimated Market Value
$1,177,158
Based on Realkey algorithm analyzing recent comparable sales in Spring Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3387 Central Avenue Subject 6 bd · 4 ba · 2,576 sqft · $457 | $1,200,000* List Price | 6 | 4 | 2,576 | $457 | - |
A 2723 Tish Court Sold 0 bd · 0 ba · 2,106 sqft · $528 · 0.7 mi | $1,113,000 | 0 | 0 | 2,106 | $528 | 0.7 mi |
B 3519 Gracia Paseo Sold 0 bd · 0 ba · 3,552 sqft · $372 · 0.1 mi | $1,322,500 | 0 | 0 | 3,552 | $372 | 0.1 mi |
C 2610 Helix St. Pending 4 bd · 3 ba · 1,770 sqft · $536 · 1.0 mi | $949,000 List Price | 4 | 3 | 1,770 | $536 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1960, the property has undergone a high-end, modern renovation within the last 5 years. Interior images show mint-condition bathrooms with contemporary subway tiling, new vanities, and black hardware, alongside new LVP flooring and updated fixtures throughout. The addition of paid-off solar and the overall turnkey state of the units meet the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Favorable Financing
The property features a rare FHA assumable loan at a 4.375% interest rate, providing a significant competitive advantage and monthly savings in the current high-rate environment.
- High Rental Utility
Both units in this duplex offer a spacious 3-bedroom, 2-bathroom configuration, which is uncommon for multi-family properties and maximizes potential rental income or multi-generational flexibility.
- Value-Add Amenities
The inclusion of paid-off solar panels, a private pool, and a large lot offers substantial utility savings and lifestyle appeal that is difficult to find in standard residential income properties.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9583, other record lot size in square feet = 9427.
- Property Age
Built in 1960, the property may require ongoing maintenance or capital improvements to aging systems and infrastructure typical of a home of this era.
- School District Ratings
Local school performance ratings, particularly for the assigned high schools, are relatively low, which may be a concern for long-term owner-occupants with school-aged children.
About 3387 Central Avenue
RARE DUPLEX OPPORTUNITY WITH AN FHA ASSUMABLE LOAN AT 4.375%! Welcome to 3387 Central Ave, a unique opportunity in Spring Valley offering two spacious units, a large lot, a private pool, and incredible flexibility for an owner-occupant or investor. Each unit features 3 bedrooms and 2 bathrooms, providing a total of 6 bedrooms and 4 bathrooms. Live in one unit and rent out the other, create a multi-generational living setup, or add a strong income-producing property to your portfolio. One of the biggest highlights is the existing FHA loan, which may be assumable at an incredible 4.375% interest rate for a qualified buyer. In today’s interest-rate environment, this could provide a significant financing advantage compared with obtaining a new loan at current market rates. The property also features paid-off solar, a private pool, generous outdoor space, and a large lot that gives each unit room to enjoy the Southern California lifestyle. With two full-size 3-bedroom units, a pool, paid solar, a large lot, and the potential to assume a 4.375% FHA loan, opportunities like this are hard to find. Contact us for additional information regarding rental income, FHA loan assumption details, and a private showing.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1960
- Lot Size
- 9,583.2 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Spring Valley Unified Schools
Bancroft Elementary School
Grades K-6 • 1.0 mi
3/10
Highlands Elementary School
Grades K-6 • 1.5 mi
5/10
Murdock Elementary School
Grades K-6 • 1.6 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,576 | 2,829 |
| Lot Size | 9,583.2 | 7,193.3 |
| Price | $1.20M | $1.22M |
| Price per sq ft | $466 | $450 |
| Built year | 1960 | 1973 |
| HOA | $0 | $0 |
| Days on market | 23 | 91 |
Pricing History
Listed for Sale
Oct 2, 2026
$1,200,000
Initial Listing
Sold
Jul 13, 2022
$1,160,000
Public Record
Sold
Jan 28, 2022
$600,000
Public Record
Sold
May 11, 2010
$340,000
Public Record
Sold
Jul 28, 2008
$315,000
Public Record
Sold
Mar 29, 2006
$690,000
Public Record
Sold
Nov 3, 2005
$650,000
Public Record
Sold
Jun 27, 2005
$565,000
Public Record