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9240 Harness St, Spring Valley, California 91977, Spring Valley, 91977 - 5 bed, 3 bath

9240 Harness St, Spring Valley, California 91977 home-pic-0
ACTIVE$1,800,000
9240 Harness St, Spring Valley, California 91977
5Beds
3Baths
Sqft
Lot
Year Built
1934
Close
-
List price
$1.8M
Original List price
$2.4M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
250036641SD
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(99th), sqft - 0(1th), beds - 5(89th), baths - 3(65th).

Unique development opportunity: 13 parcels totaling 8 acres in San Diego County. Includes 3 tenant-occupied homes in poor, likely uninhabitable condition—not up to code. Sold as vacant land; no warranties made. Part of the land is undevelopable due to open space easement and topography. Preliminary talks with San Diego County suggest potential for up to 26 lots (6,000 SF each) could be approved. Buyer to verify all info; seller and broker make no guarantees on approvals or development. Buyers & buyers agent to verify all herein prior to submitting an offer! APN #1- 578-160-05-00 APN #2 - 578-160-40-00 APN #3- 578-160-41-00 APN #4- 578-160-42-00 APN #5- 578-160-57-00 APN #6- 578-160-58-00 APN #7- 578-160-61-00 APN #8- 578-160-62-00 APN #9- 578-160-63-00 APN #10- 578-160-66-00 APN #11- 578-160-69-00 APN #12- 578-160-71-00 APN #13 -578-160-72-00

Price History

Date
Event
Price
11/01/25
Price Change
$1,800,000-25.0%
08/18/25
Listing
$2,400,000
Condition Rating
Tear down
The MLS description explicitly states that the three tenant-occupied homes are in 'poor, likely uninhabitable condition—not up to code' and that the property is 'Sold as vacant land.' The year built is 1934, which is over 50 years ago, and there's no indication of major renovations. The property's value is clearly based on the land and its development potential, not the existing structures, which aligns perfectly with the 'tear-down' criteria. No interior images were provided to assess kitchen or bathroom conditions, but the description overrides the need for such details.
Pros & Cons

Pros

Significant Development Potential: The property offers a unique development opportunity with preliminary discussions suggesting the potential for up to 26 residential lots (6,000 SF each) on the 8-acre site.
Large Acreage in Desirable County: Comprising 8 acres across 13 parcels in San Diego County, this represents a substantial land holding in a high-demand market, ideal for large-scale projects.
Multiple Assessor's Parcel Numbers (APNs): The property is divided into 13 distinct APNs, which can provide flexibility for phased development, financing, or future disposition strategies.
Strategic Location: Located in Spring Valley, San Diego County, the property benefits from being in a desirable region with ongoing demand for housing and development.
Recent Price Adjustment: The listing price has been significantly reduced from $2.4M to $1.8M, potentially offering a more attractive entry point and increased profit margin for a developer.

Cons

Substantial Undevelopable Land: A significant portion of the 8 acres is explicitly stated as undevelopable due to open space easements and challenging topography, limiting the effective usable area for construction.
Dilapidated Existing Structures: The three tenant-occupied homes are in 'poor, likely uninhabitable condition' and 'not up to code,' requiring costly demolition and site preparation, adding to initial development expenses.
High Buyer Risk & Due Diligence Burden: The listing clearly states 'seller and broker make no guarantees on approvals or development,' placing the entire responsibility and financial risk for verifying development feasibility, zoning, and costs squarely on the buyer.

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