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8947 Troy St, Spring Valley, CA 91977

Commercial property

8947 Troy St, Spring Valley, CA 91977 Sold January 2023 CRMLS
$1,823,000Sold January 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 #220024908SD · Source: CRMLS

8
Units
4.06%
Cap Rate
$81,106
NOI
21,770 sqft
Lot Size
Commercial property
Type

About this commercial property

ASSUMABLE FINANCING AT 2.84%. 8947-49 Troy Street is an 8 unit apartment building located in the community of Spring Valley. The two structures were built in 1969 on a 21,770 square foot lot. The property has strong unit mix of six 2 Bedroom / 1 Bath units and two 1 Bedroom / 1 Bath unit totaling 5,960 rentable square feet. There are 8+ open parking spaces. These spacious units have upside in rents. The financing can be assumed. $1M at 2.84%. 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, offering a small-town flavor to each of its residents.

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

Sale history

$1,823,000
Sold January 2023 · listed $2,000,000, on market September 2022 · MLS #220024908SD · 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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