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9249 Birch St

Spring Valley, CA 91977
  • $11,000,000
  • STATUS: PENDING
  • ON SITE: 607 Days
  • ID#: 220024909
Pending
UPDATED: 68 min ago
$11,000,000
  • 6
    BEDS
  • 1.23
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

ASSUMABLE FINANCING AT 2.92%. Market 6.53% Cap Rate. Birch Terrace is a 48-unit apartment building located in the community of La Presa in Spring Valley. The 35,618 square feet of structures were built in 1984 on a 53,579 square foot lot. The property has strong unit mix of one 3 Bedroom / 1.5 Bath unit, thirty-one 2 Bedroom / 1 Bath units and sixteen 1 Bedroom / 1 Bath units. There are 71+ covered and surface parking spaces. The property features common laundry facilities, additional storage units, and a double garage. The units are spacious and feature dishwashers and A/C units.

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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/133572383
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9249 Birch St Spring Valley, CA 91977

  • Price: $11,000,000
  • Status: PENDING
  • On Site: 607 Days
  • Updated: 68 min ago
  • ID#: 220024909
6
Beds
3
Baths
1
½ Baths
1.23
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
ASSUMABLE FINANCING AT 2.92%. Market 6.53% Cap Rate. Birch Terrace is a 48-unit apartment building located in the community of La Presa in Spring Valley. The 35,618 square feet of structures were built in 1984 on a 53,579 square foot lot. The property has strong unit mix of one 3 Bedroom / 1.5 Bath unit, thirty-one 2 Bedroom / 1 Bath units and sixteen 1 Bedroom / 1 Bath units. There are 71+ covered and surface parking spaces. The property features common laundry facilities, additional storage units, and a double garage. The units are spacious and feature dishwashers and A/C units.
Exterior Features

Parking Spaces Total 71 Units With Garages 1

Interior Features

Sq Ft Of Improvement 35618 Units With Ranges 48 Units With Refrigerators 48

Property Features

Actual Cap Rate 5.83 Actual Gross Operating Income 978482 Actual Gross Scheduled Income 1008744.0 Actual Operating Expense 337240 Actual Vacancy And Credit Loss 30262 Assumable Finance 6200000 Buildings 2 Gross Equity 4800000 Gross Multiplier 10.9 Have Units Leased Apartments 48 Mandatory Remarks None Known Market Area East County Monthly Rent Total 84062 Motive Want Sell Present Loan 6200000 Projected Cap Rate 6.53 Projected Gross Multiplier 10.1 Projected Gross Operating Inc 1055469 Projected Gross Scheduled Inc 1088112 Projected Net Income 718229 Projected Operating Expense 337240 Projected Vacancy And Credit Loss 32643 Short Sale No Unit Number1 1 Unit Number2 31 Unit Number3 16 Unit Rent Total1 1980 Unit Rent Total2 54250 Unit Rent Total3 24832 Unit Rent1 1980 Unit Rent2 1750 Unit Rent3 1552

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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