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1605 Presioca St

Spring Valley, CA 91977
  • $4,500,000
  • STATUS: ACTIVE
  • ON SITE: 42 Days
  • ID#: 210029471
UPDATED: 39 min ago
$4,500,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

The Hillside Terrace Apartments are a 16 Unit apartment complex built in 1986 with all 2 bed/2 bath units. The current owner has renovated half of the units on the property and two of the units are renting for $1900 and $1950, a great benchmark for what the rents could be if every unit was stabilized and brought to market rent. This property also consists of 3 single car garages and 19 off street parking spaces.

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/122651049
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1605 Presioca St Spring Valley, CA 91977

  • Price: $4,500,000
  • Status: ACTIVE
  • On Site: 42 Days
  • Updated: 39 min ago
  • ID#: 210029471
2
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
The Hillside Terrace Apartments are a 16 Unit apartment complex built in 1986 with all 2 bed/2 bath units. The current owner has renovated half of the units on the property and two of the units are renting for $1900 and $1950, a great benchmark for what the rents could be if every unit was stabilized and brought to market rent. This property also consists of 3 single car garages and 19 off street parking spaces.
Interior Features

Sq Ft Of Improvement 13056

Property Features

Actual Gross Scheduled Income 26800.0 Actual Operating Expense 1593134 Assumable Finance 0 Gross Equity 0 Gross Multiplier 15.6 Have Property Mandatory Remarks None Known Market Area East County Monthly Rent Total 22400 Motive Want Sell Projected Cap Rate 6.1 Projected Gross Multiplier 11.3 Projected Gross Scheduled Inc 370200 Unit Number1 16 Unit Rent Total1 22400 Unit Rent1 1400

Listing provided courtesy of Keller Williams Realty. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101