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8707 Troy Street, Spring Valley, CA 91977

Commercial property

8707 Troy Street, Spring Valley, CA 91977 Sold May 2023 CRMLS
$6,315,000Sold May 2023

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: OUT OF AREA OUT · OUT OF AREA - NON MEMBER · MLS #220024629SD · Source: CRMLS

28
Units
5.12%
Cap Rate
$358,259
NOI
39,204 sqft
Lot Size
Commercial property
Type

About this commercial property

ASSUMABLE FINANCING AT 2.98%. Vista de Helix is a 28 unit apartment complex that consists of 27,300 rentable square feet built in 1978 situated on a 39,204 square foot lot with approximately 46 parking spaces. There are 3 buildings with a unit mix that consists of all large 800-975 square foot 2 Bedroom / 1 Bath units as well as leased onsite laundry facilities with 4 washers and 4 dryers. The property is secured by an automatic parking gate in front and features a rear yard area and a central pool. Previous ownership has made significant exterior, interior and systems upgrades. Most of the units have been remodeled but there is still additional upside in the rents. The units feature a private balcony or patio, ceiling fans, electric wall heaters, A/C units and multiple hallway closets. Select units have dishwashers.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$6,315,000
Sold May 2023 · listed $7,000,000, orig. $7,280,000, on market September 2022 · MLS #220024629SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: OUT OF AREA OUT · OUT OF AREA - NON MEMBER
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