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9062 Kenwood Drive

Spring Valley, CA 91977
  • $5,650,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 240009603
UPDATED: 36 min ago
$5,650,000
  • 5
    BEDS
  • 0.58
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

The Kenwood is a 20-unit apartment building located in Spring Valley at 9062 Kenwood Drive. The 15,440 square feet of structures were built in 1978 and are situated on a 25,265 square foot lot. The property has a strong unit mix of four 2 bedroom / 2 bathroom, fourteen 2 bedroom / 1 bathroom and two 1 bedroom / 1 bathroom units. There are approximately 27 parking spaces with gated access. Featured amenities include air conditioning, dishwashers, and patios on downstairs units. Plank flooring and stainless-steel appliances were recently added. There are also laundry facilities and a BBQ picnic area on site. New landscaping was just improved and there is ADU potential.

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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/150147525
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9062 Kenwood Drive Spring Valley, CA 91977

  • Price: $5,650,000
  • Status: ACTIVE
  • On Site: 16 Days
  • Updated: 36 min ago
  • ID#: 240009603
5
Beds
4
Baths
0
½ Baths
0.58
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
The Kenwood is a 20-unit apartment building located in Spring Valley at 9062 Kenwood Drive. The 15,440 square feet of structures were built in 1978 and are situated on a 25,265 square foot lot. The property has a strong unit mix of four 2 bedroom / 2 bathroom, fourteen 2 bedroom / 1 bathroom and two 1 bedroom / 1 bathroom units. There are approximately 27 parking spaces with gated access. Featured amenities include air conditioning, dishwashers, and patios on downstairs units. Plank flooring and stainless-steel appliances were recently added. There are also laundry facilities and a BBQ picnic area on site. New landscaping was just improved and there is ADU potential.
Exterior Features

Parking Spaces Total 27

Interior Features

Sq Ft Of Improvement 15440 Units With Dishwashers 20 Units With Ranges 20 Units With Refrigerators 20

Property Features

Actual Cap Rate 5.91 Actual Gross Operating Income 503546 Actual Gross Scheduled Income 519120.0 Actual Operating Expense 169389 Actual Vacancy And Credit Loss 15574 Assumable Finance 0 Buildings 3 Gross Equity 3000000 Gross Multiplier 10.9 Have Units Leased Apartments 20 Mandatory Remarks None Known Market Area East County Monthly Rent Total 43260 Motive Want Sell Projected Cap Rate 7.18 Projected Gross Multiplier 9.5 Projected Gross Operating Inc 574993 Projected Gross Scheduled Inc 592776 Projected Net Income 405604 Projected Operating Expense 169389 Projected Vacancy And Credit Loss 17783 Short Sale No Unit Number1 4 Unit Number2 14 Unit Number3 2 Unit Rent Total1 8136 Unit Rent Total2 28126 Unit Rent Total3 3500 Unit Rent1 2034 Unit Rent2 2009 Unit Rent3 1750

San Diego MLS logo Listing provided courtesy of Benn Vogelsang of NorthMarq Multifamily: 415-250-4947. 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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