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    9924-34 Buena Vista Drive

    Spring Valley, CA 91977
    • $1,275,000
    • STATUS: PENDING
    • ON SITE: 49 days
    • ID#: 200048559
    Pending
    UPDATED: 10 min ago
    $1,275,000
    • 3
      BEDS
    • 0.21
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Buena Vista Villas is a 7 unit apartment complex that consists of 3,657 rentable square feet built in 1946 situated on a 8,946 square foot lot with plenty of off-street parking. The structure has a pitched roof and a unit mix that consists of three 2 Bedroom / 1 Bath units, one of which has a third bedroom, and four 1 Bedroom / 1 Bath units as well as onsite laundry facilities. There is a rear yard area and ownership has remodeled the majority of the units in the last 3 years leaving additional upside in the rents. The units feature pitched ceilings and ceiling fans. The exteriors have unique archways. 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.

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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/110998239
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    9924-34 Buena Vista Drive Spring Valley, CA 91977

    • Price: $1,275,000
    • Status: PENDING
    • Updated: 10 min ago
    • ID#: 200048559
    3
    Beds
    2
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    Spring Valley (91977)
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    Buena Vista Villas is a 7 unit apartment complex that consists of 3,657 rentable square feet built in 1946 situated on a 8,946 square foot lot with plenty of off-street parking. The structure has a pitched roof and a unit mix that consists of three 2 Bedroom / 1 Bath units, one of which has a third bedroom, and four 1 Bedroom / 1 Bath units as well as onsite laundry facilities. There is a rear yard area and ownership has remodeled the majority of the units in the last 3 years leaving additional upside in the rents. The units feature pitched ceilings and ceiling fans. The exteriors have unique archways. 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.
    Exterior Features

    Parking Spaces Total 10

    Interior Features

    Sq Ft Of Improvement 3657 Units With Ranges 7 Units With Refrigerators 7

    Property Features

    Actual Cap Rate 5.09 Actual Gross Operating Income 101990 Actual Gross Scheduled Income 105144.0 Actual Operating Expense 37041 Actual Vacancy And Credit Loss 3154 Assumable Finance 460000 Buildings 1 Gross Equity 825000 Gross Multiplier 12.13 Have Units Leased Apartments 7 Mandatory Remarks None Known Market Area East County Monthly Rent Total 8762 Motive Want 1031 Other Income Source Laundry Present Loan 460000 Projected Cap Rate 6.64 Projected Gross Multiplier 10.17 Projected Gross Operating Inc 121638 Projected Gross Scheduled Inc 125400 Projected Net Income 84597 Projected Operating Expense 37041 Projected Vacancy And Credit Loss 3762 Short Sale No Unit Number1 3 Unit Number2 4 Unit Rent Total1 4296 Unit Rent Total2 4416 Unit Rent1 1432 Unit Rent2 1104

    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