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9249 Birch St, Spring Valley, CA 91977

Commercial property

9249 Birch St, Spring Valley, CA 91977 Sold August 2024 CRMLS
$10,200,000Sold August 2024

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily · MLS #220024909SD · Source: CRMLS

48
Units
5.83%
Cap Rate
$641,242
NOI
53,579 sqft
Lot Size
Commercial property
Type

About this commercial property

ASSUMABLE FINANCING AT 2.92%. Market 6.53% Cap Rate. Birch Terrace is a 48-unit apartment building located in the community of La Presa in Spring Valley. The 35,618 square feet of structures were built in 1984 on a 53,579 square foot lot. The property has strong unit mix of one 3 Bedroom / 1.5 Bath unit, thirty-one 2 Bedroom / 1 Bath units and sixteen 1 Bedroom / 1 Bath units. There are 71+ covered and surface parking spaces. The property features common laundry facilities, additional storage units, and a double garage. The units are spacious and feature dishwashers and A/C units.

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

Sale history

$10,200,000
Sold August 2024 · listed $11,000,000, orig. $12,480,000, on market September 2022 · MLS #220024909SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily
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