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    9258 Birch Street

    Spring Valley, CA 91977
    • $3,000,000
    • STATUS: ACTIVE
    • ON SITE: 31 days
    • ID#: 200049661
    $3,000,000
    • 5
      BEDS
    • 0.34
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    9258 Birch Street is a 12 unit apartment building located in the community of Spring Valley. The single structure was built in 1984 on a 14,922 square foot lot. The property has strong unit mix of eight 2 Bedroom / 1 Bath units and four 3 Bedroom / 1 Bath units totaling 10,188 rentable square feet. There are 19 open parking spaces. Each unit is plumbed for laundry hook-ups and 3 units have these hook ups in operation. Previous ownership has put on a new roof. The financing must be assumed. $1.44M at 2.93%. 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.

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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/111322064
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    9258 Birch Street Spring Valley, CA 91977

    • Price: $3,000,000
    • Status: ACTIVE
    • ID#: 200049661
    5
    Beds
    2
    Baths
    0
    ½ Baths
    0.34
    Acres
    Neighborhood:
    Spring Valley (91977)
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    9258 Birch Street is a 12 unit apartment building located in the community of Spring Valley. The single structure was built in 1984 on a 14,922 square foot lot. The property has strong unit mix of eight 2 Bedroom / 1 Bath units and four 3 Bedroom / 1 Bath units totaling 10,188 rentable square feet. There are 19 open parking spaces. Each unit is plumbed for laundry hook-ups and 3 units have these hook ups in operation. Previous ownership has put on a new roof. The financing must be assumed. $1.44M at 2.93%. 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.
    Exterior Features

    Parking Spaces Total 19

    Interior Features

    Sq Ft Of Improvement 10188

    Property Features

    Actual Cap Rate 4.5 Actual Gross Operating Income 201419 Actual Gross Scheduled Income 207648.0 Actual Operating Expense 66210 Actual Vacancy And Credit Loss 6229 Assumable Finance 1440000 Buildings 1 Gross Equity 1560000 Gross Multiplier 14.4 Have Units Leased Apartments 12 Mandatory Remarks None Known Market Area East County Monthly Rent Total 17304 Motive Want Sell Projected Cap Rate 5.9 Projected Gross Multiplier 11.9 Projected Gross Operating Inc 244440 Projected Gross Scheduled Inc 252000 Projected Net Income 178230 Projected Operating Expense 66210 Projected Vacancy And Credit Loss 7560 Short Sale No Unit Number1 4 Unit Number2 8 Unit Rent Total1 6440 Unit Rent Total2 10864 Unit Rent1 1610 Unit Rent2 1358

    Listing provided courtesy of South Coast Commercial, 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