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8707 Troy Strreet

Spring Valley, CA 91977
  • $7,700,000
  • STATUS: ACTIVE
  • ON SITE: 40 Days
  • ID#: 220017654
UPDATED: 32 min ago
$7,700,000
  • 2
    BEDS
  • 0.9
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Vista de Helix is a 28 unit apartment complex that consists of 27,300 rentable square feet built in 1978 situated on a 39,204 square foot lot with approximately 46 parking spaces. There are 3 buildings with a unit mix that consists of all large 800-975 square foot 2 Bedroom / 1 Bath units as well as leased onsite laundry facilities with 4 washers and 4 dryers. The property is secured by an automatic parking gate in front and features a rear yard area and a central pool. Previous ownership has made significant exterior, interior and systems upgrades. Most of the units have been remodeled but there is still additional upside in the rents. The units feature a private balcony or patio, ceiling fans, electric wall heaters, A/C units, dishwashers and multiple hallway closets.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/130720341
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8707 Troy Strreet Spring Valley, CA 91977

  • Price: $7,700,000
  • Status: ACTIVE
  • On Site: 40 Days
  • Updated: 32 min ago
  • ID#: 220017654
2
Beds
1
Baths
0
½ Baths
0.9
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
Vista de Helix is a 28 unit apartment complex that consists of 27,300 rentable square feet built in 1978 situated on a 39,204 square foot lot with approximately 46 parking spaces. There are 3 buildings with a unit mix that consists of all large 800-975 square foot 2 Bedroom / 1 Bath units as well as leased onsite laundry facilities with 4 washers and 4 dryers. The property is secured by an automatic parking gate in front and features a rear yard area and a central pool. Previous ownership has made significant exterior, interior and systems upgrades. Most of the units have been remodeled but there is still additional upside in the rents. The units feature a private balcony or patio, ceiling fans, electric wall heaters, A/C units, dishwashers and multiple hallway closets.
Exterior Features

Parking Spaces Total 45

Interior Features

Sq Ft Of Improvement 27300 Units With Dishwashers 28 Units With Ranges 28 Units With Refrigerators 28

Property Features

Actual Cap Rate 4.23 Actual Gross Operating Income 548616 Actual Gross Scheduled Income 565584.0 Actual Operating Expense 222678 Actual Vacancy And Credit Loss 16968 Assumable Finance 0 Buildings 3 Gross Equity 4350000 Gross Multiplier 13.6 Have Units Leased Apartments 28 Mandatory Remarks None Known Market Area East County Monthly Rent Total 47132 Motive Want Sell Projected Cap Rate 5.3 Projected Gross Multiplier 11.8 Projected Gross Operating Inc 631074 Projected Gross Scheduled Inc 650592 Projected Net Income 40396 Projected Operating Expense 222678 Projected Vacancy And Credit Loss 19518 Short Sale No Unit Number1 28 Unit Rent Total1 45976 Unit Rent1 1642

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.: 619-226-6011. Listing information © 2022 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 © 2022 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