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9249 Birch Street

Spring Valley, CA 91977
  • $12,960,000
  • STATUS: ACTIVE
  • ON SITE: 25 Days
  • ID#: 220018304
UPDATED: 34 min ago
$12,960,000
  • 6
    BEDS
  • 1.23
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/130942011
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9249 Birch Street Spring Valley, CA 91977

  • Price: $12,960,000
  • Status: ACTIVE
  • On Site: 25 Days
  • Updated: 34 min ago
  • ID#: 220018304
6
Beds
3
Baths
1
½ Baths
1.23
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
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 4.0 Actual Gross Operating Income 854865 Actual Gross Scheduled Income 881304.0 Actual Operating Expense 335870 Actual Vacancy And Credit Loss 26439 Assumable Finance 6700000 Buildings 2 Gross Equity 6260000 Gross Multiplier 14.7 Have Units Leased Apartments 48 Mandatory Remarks None Known Market Area East County Monthly Rent Total 73442 Motive Want Sell Present Loan 6700000 Projected Cap Rate 5.41 Projected Gross Multiplier 12.1 Projected Gross Operating Inc 1036658 Projected Gross Scheduled Inc 1068720 Projected Net Income 700788 Projected Operating Expense 335870 Projected Vacancy And Credit Loss 32062 Short Sale No Unit Number1 1 Unit Number2 31 Unit Number3 16 Unit Rent Total1 1800 Unit Rent Total2 47089 Unit Rent Total3 22816 Unit Rent1 1800 Unit Rent2 1519 Unit Rent3 1426

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