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8947-49 Troy Street

Spring Valley, CA 91977
  • $2,080,000
  • STATUS: ACTIVE
  • ON SITE: 33 Days
  • ID#: 220017866
UPDATED: 166 min ago
$2,080,000
  • 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 can 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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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/130804545
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8947-49 Troy Street Spring Valley, CA 91977

  • Price: $2,080,000
  • Status: ACTIVE
  • On Site: 33 Days
  • Updated: 166 min ago
  • ID#: 220017866
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 can 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 12

Interior Features

Sq Ft Of Improvement 5960

Property Features

Actual Cap Rate 3.85 Actual Gross Operating Income 137701 Actual Gross Scheduled Income 141960.0 Actual Operating Expense 57539 Actual Vacancy And Credit Loss 4259 Assumable Finance 1010000 Buildings 2 Gross Equity 870000 Gross Multiplier 14.7 Have Units Leased Apartments 8 Mandatory Remarks None Known Market Area East County Monthly Rent Total 11830 Motive Want Sell Other Income Source Laundry Present Loan 1010000 Projected Cap Rate 5.46 Projected Gross Multiplier 11.8 Projected Gross Operating Inc 171131 Projected Gross Scheduled Inc 176424 Projected Net Income 113592 Projected Operating Expense 57539 Projected Vacancy And Credit Loss 5293 Short Sale No Unit Number1 6 Unit Number2 2 Unit Rent Total1 9048 Unit Rent Total2 2640 Unit Rent1 1508 Unit Rent2 1320

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.. 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