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9360 San Diego Street, Spring Valley, CA 91977

Commercial property

9360 San Diego Street, Spring Valley, CA 91977 Sold April 2023 CRMLS
$1,764,000Sold April 2023

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Athir Markos · Keller Williams Realty · MLS #220024566SD · Source: CRMLS

8
Units
4.93%
Cap Rate
$95,139
NOI
8,436 sqft
Lot Size
Commercial property
Type

About this commercial property

Market 6.44% CAP RATE & 2.92% ASSUMABLE FINANCING. 9360 San Diego Street is an 8 unit apartment complex that consists of 6,390 rentable square feet built in 1980 situated on a 8,436 square foot lot with plenty of off-street parking. The structure has a pitched roof and a unit mix that consists of seven 2 Bedroom / 2 Bath units, and one 2 Bedroom / 1 Bath unit as well as onsite laundry facilities. Previous ownership has remodeled the majority of the units in the last 5 years leaving additional upside in the rents. The current financing can be assumed. $1.125M +/- in debt at 2.92%.

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

Sale history

$1,764,000
Sold April 2023 · listed $1,950,000, orig. $2,040,000, on market September 2022 · MLS #220024566SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Athir Markos · Keller Williams Realty
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