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    8947-49 Troy Street

    Spring Valley, CA 91977
    • $2,000,000
    • STATUS: ACTIVE
    • ON SITE: 33 days
    • ID#: 200049906
    UPDATED: 65 min ago
    $2,000,000
    • 3
      BEDS
    • 0.5
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    8947-49 Troy Street is an 8 unit apartment building located in the community of Spring Valley. The two structures were built in 1969 on a 21,770 square foot lot. The property has strong unit mix of six 2 Bedroom / 1 Bath units and two 1 Bedroom / 1 Bath unit totaling 5,960 rentable square feet. There are 8+ open parking spaces. These spacious units have upside in rents. The financing must be assumed. $1M at 2.84%. 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 County’s largest unincorporated community, offering a small-town flavor to each of its residents.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/111379552
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    8947-49 Troy Street Spring Valley, CA 91977

    • Price: $2,000,000
    • Status: ACTIVE
    • Updated: 65 min ago
    • ID#: 200049906
    3
    Beds
    2
    Baths
    0
    ½ Baths
    0.5
    Acres
    Neighborhood:
    Spring Valley (91977)
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    8947-49 Troy Street is an 8 unit apartment building located in the community of Spring Valley. The two structures were built in 1969 on a 21,770 square foot lot. The property has strong unit mix of six 2 Bedroom / 1 Bath units and two 1 Bedroom / 1 Bath unit totaling 5,960 rentable square feet. There are 8+ open parking spaces. These spacious units have upside in rents. The financing must be assumed. $1M at 2.84%. 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 County’s largest unincorporated community, offering a small-town flavor to each of its residents.
    Exterior Features

    Parking Spaces Total 8

    Interior Features

    Sq Ft Of Improvement 5960

    Property Features

    Actual Cap Rate 4.09 Actual Gross Operating Income 125689 Actual Gross Scheduled Income 129576.0 Actual Operating Expense 43889 Actual Vacancy And Credit Loss 3887 Assumable Finance 1002000 Buildings 2 Gross Equity 998000 Gross Multiplier 15.4 Have Units Leased Apartments 8 Mandatory Remarks None Known Market Area East County Monthly Rent Total 10798 Motive Want Sell Present Loan 1002000 Projected Cap Rate 5.6 Projected Gross Multiplier 12.4 Projected Gross Operating Inc 155976 Projected Gross Scheduled Inc 160800 Projected Net Income 112087 Projected Operating Expense 43889 Projected Vacancy And Credit Loss 4824 Short Sale No Unit Number1 6 Unit Number2 2 Unit Rent Total1 8178 Unit Rent Total2 2420 Unit Rent1 1363 Unit Rent2 1210

    Listing provided courtesy of Sandicor, Inc.. Listing information © 2020 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 © 2020 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