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

home-pic
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
-
HOA
-
Days on market
-
Sold On
-
MLS number
250036641SD
Home ConditionTear down
Features
View-

About this home

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
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (173 Listings)
Beds53
89%
Baths32
65%
Square foot01,554
Lot Size08,254
Price$1.8M$800K
99%
Price per square foot$0$494
Built year19349860986
1%
HOA
Days on market78150
18%
Condition Rating
Tear down

The MLS description explicitly states that the three homes on the property are in 'poor, likely uninhabitable condition—not up to code' and that the property is 'sold as vacant land.' The year built (1934) further indicates extreme age. The property is marketed as a development opportunity, implying the value is in the land, not the existing structures. The structures are considered beyond repair and would likely require demolition.
Pros & Cons

Pros

Significant Development Opportunity: The property comprises 8 acres across 13 parcels in San Diego County, offering a substantial land bank for future development.
High Density Potential: Preliminary discussions with San Diego County suggest potential for up to 26 buildable lots (6,000 SF each), indicating strong development upside.
Attractive Price Reduction: The list price has been reduced by 25% from $2.4M to $1.8M, presenting a more compelling investment opportunity for developers.
Multiple Parcels: The property consists of 13 distinct APNs, providing flexibility for phased development, financing, or potential future disposition of individual lots.
Strategic Location: Located in Spring Valley, San Diego County, a region with ongoing demand for residential housing, enhancing the marketability of future developments.

Cons

Existing Structures in Poor Condition: Three tenant-occupied homes are in poor, likely uninhabitable condition and not up to code, necessitating demolition and potential tenant relocation costs.
Partial Undevelopable Land: A portion of the 8 acres is undevelopable due to open space easements and challenging topography, reducing the effective usable land for development.
Significant Buyer Due Diligence Required: The property is sold 'as vacant land' with no warranties or guarantees on development approvals, placing full responsibility and risk on the buyer for all verifications and entitlements.

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