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10002 San Juan Street

Spring Valley, CA 91977
  • $3,250,000
  • STATUS: ACTIVE
  • ON SITE: 184 Days
  • ID#: 230020671
$3,250,000
  • 2
    BEDS
  • 0.31
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

RENT INCREASES BRING THIS TO A 6.2% CAP RATE. We are proud to introduce Casa Helix Apartments, an excellent offering in the heart of Casa De Oro. This remarkable property is a testament to impeccable ownership, featuring nine well-maintained units, each with 2 bedrooms and 2 bathrooms. Set across two stories, the building boasts a thoughtful distribution of space, with four units situated on the first floor and an additional 5 units gracing the second floor. Many of the upper units feature private balconies, inviting residents to bask in the outdoors while relishing the serenity of their surroundings. Convenience meets practicality with on-site laundry facilities, offering residents effortless access to essential services. To further enhance the attractiveness of this offering, 9 garages are currently rented separately, bringing in additional income not enjoyed by most apartment investments. The tenants have access to open parking spaces as well. Constructed in 1987, this property embodies the advantages of newer construction, ensuring durability and modern amenities to cater to the needs of today's residents.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/144531319
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10002 San Juan Street Spring Valley, CA 91977

  • Price: $3,250,000
  • Status: ACTIVE
  • On Site: 184 Days
  • ID#: 230020671
2
Beds
2
Baths
0
½ Baths
0.31
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
RENT INCREASES BRING THIS TO A 6.2% CAP RATE. We are proud to introduce Casa Helix Apartments, an excellent offering in the heart of Casa De Oro. This remarkable property is a testament to impeccable ownership, featuring nine well-maintained units, each with 2 bedrooms and 2 bathrooms. Set across two stories, the building boasts a thoughtful distribution of space, with four units situated on the first floor and an additional 5 units gracing the second floor. Many of the upper units feature private balconies, inviting residents to bask in the outdoors while relishing the serenity of their surroundings. Convenience meets practicality with on-site laundry facilities, offering residents effortless access to essential services. To further enhance the attractiveness of this offering, 9 garages are currently rented separately, bringing in additional income not enjoyed by most apartment investments. The tenants have access to open parking spaces as well. Constructed in 1987, this property embodies the advantages of newer construction, ensuring durability and modern amenities to cater to the needs of today's residents.
Exterior Features

Construction DrywallFrameStucco Exterior All Auto SprinklersCable AvailableFully LandscapedWood Fence Parking GaragesSpaces Parking Spaces Total 18 Roof Tile Units With Garages 8

Interior Features

Cooling Wall/Window Floor Coverings TileVinylWall to Wall Carpet Floors SlabWood Heating Wall Laundry Owned Sq Ft Of Improvement 7200 Stories 2 Story Unit Furnished1 No Units With Dishwashers 9 Units With Disposals 9 Units With Drapes 9 Units With Ranges 9 Units With Refrigerators 9

Property Features

Actual Cap Rate 5.53 Actual Gross Operating Income 241752 Actual Gross Scheduled Income 239652.0 Actual Operating Expense 57306 Actual Vacancy And Credit Loss 4793 Assumable Finance 0 Buildings 1 Complex Features None Existing Financing Conventional Financial Information Source Owner Fiscal Year From 22 Fiscal Year To 23 Gross Equity 2650000 Gross Multiplier 13.56 Have Units Leased Apartments 9 Mandatory Remarks None Known Market Area East County Monthly Rent Total 19971 Motive Want Exchange Other Income Actual 2100 Other Income Amount 175 Other Income Source Laundry Present Loan 600000 Projected Cap Rate 6.2 Projected Gross Multiplier 12.46 Short Sale No Special None Sq Ft Source Buyer to Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash to New Loan Unit Number1 9 Unit Rent Total1 1796 Unit Rent1 1997 Unit Type Apartment Zoning R-4

San Diego MLS logo Listing provided courtesy of Craig Stewart of Acre Investment Real Estate: 760-809-3626. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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