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9360 San Diego Street

Spring Valley, CA 91977
  • $1,960,000
  • STATUS: Active
  • ON SITE: 234 days
  • ID#: 200049654
UPDATED: 133 min ago
$1,960,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

9360 San Diego Street is an 8 unit apartment complex that consists of 6,390 rentable square feet built in 1980 situated on a 8,436 square foot lot with plenty of off-street parking. The structure has a pitched roof and a unit mix that consists of seven 2 Bedroom / 2 Bath units, and one 2 Bedroom / 1 Bath unit as well as onsite laundry facilities. Previous ownership has remodeled the majority of the units in the last 3 years leaving additional upside in the rents. The current financing must be assumed. $1.2M +/- in debt at 2.92%. Spring Valley is a community in the part of East San Diego County that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) from downtown San Diego via Highway 94. The area offers a diverse geography sharing a landscape of choices, from a touch of urban living to snow dusted slopes in the rural back country in a mild climate influenced by ocean currents and abundant sunshine. Spring Valley is San Diego Countys largest unincorporated community.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
www.thealvaradobrothers.com/homes/111322315
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9360 San Diego Street Spring Valley, CA 91977

  • Price: $1,960,000
  • Status: Active
  • Updated: 133 min ago
  • ID#: 200049654
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
91977 - Spring Valley
County:
San Diego
Area:
91977 - Spring Valley
Property Description
9360 San Diego Street is an 8 unit apartment complex that consists of 6,390 rentable square feet built in 1980 situated on a 8,436 square foot lot with plenty of off-street parking. The structure has a pitched roof and a unit mix that consists of seven 2 Bedroom / 2 Bath units, and one 2 Bedroom / 1 Bath unit as well as onsite laundry facilities. Previous ownership has remodeled the majority of the units in the last 3 years leaving additional upside in the rents. The current financing must be assumed. $1.2M +/- in debt at 2.92%. Spring Valley is a community in the part of East San Diego County that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) from downtown San Diego via Highway 94. The area offers a diverse geography sharing a landscape of choices, from a touch of urban living to snow dusted slopes in the rural back country in a mild climate influenced by ocean currents and abundant sunshine. Spring Valley is San Diego Countys largest unincorporated community.
Property Features

Cap Rate 4.5 Gross Scheduled Income 139536 Listing Agreement Exclusive Right To Sell Net Operating Income 87930 Operating Expense 47420 Property Sub Type Mixed Use

Listing provided courtesy of Benn Vogelsang of South Coast Commercial, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
 
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