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9062 Kenwood Drive, Spring Valley, CA 91977

Commercial property · 2 recorded sales since 2021

9062 Kenwood Drive, Spring Valley, CA 91977 Sold December 2024 CRMLS
$5,150,000Sold December 2024

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily · MLS #240009603SD · Source: CRMLS

20
Units
6.39%
Cap Rate
$338,320
NOI
25,265 sqft
Lot Size
Commercial property
Type

About this commercial property

The Kenwood is a 20-unit apartment building located in Spring Valley at 9062 Kenwood Drive. The 15,440 square feet of structures were built in 1978 and are situated on a 25,265 square foot lot. The property has a strong unit mix of four 2 bedroom / 2 bathroom, fourteen 2 bedroom / 1 bathroom and two 1 bedroom / 1 bathroom units. There are approximately 27 parking spaces with gated access. Featured amenities include air conditioning, dishwashers, and patios on downstairs units. Plank flooring and stainless-steel appliances were recently added. There are also laundry facilities and a BBQ picnic area on site. New landscaping was just improved and there is ADU potential.

Listing description from the December 2024 sale, as reported to CRMLS.

Sale history

$5,150,000
Sold December 2024 · listed $5,295,000, orig. $5,650,000, on market April 2024 · MLS #240009603SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily
$4,850,000
Sold December 2021 · on market July 2021 · MLS #210019939 · Source: CRMLS
Listing Agent: Aaron Bove · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Pat Swanson · Pat Swanson
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