9258 Birch St

9258 Birch St,
Spring Valley, CA 91977

 

$2,295,000
Offering Price
11.36
GRM
$191,250
Price Per Unit
12
Number of Units
5.15%
Cap Rate
10,188
Building SF
$2,295,000
Offering Price
11.36
GRM
$191,250
Price Per Unit
12
Number of Units
5.15%
Cap Rate
10,188
Building SF

Investment Summary

  • 9258 Birch Street is a 12 unit apartment building located in the community of Spring Valley. Originally built in 1984 and consisting of one structure on a 14,922 square foot lot. The property has desired unit mix of Eight 2 bedroom 1 bath units and Four 3 bedroom 1 bath units for a total of 10,188 rentable square feet. There are 19 open parking spaces. Each unit has laundry hook-ups, though only 3 are currently exposed. Ownership recently put on a new roof. This complex represents a value add opportunity for an owner to make strategic capital improvement to increase the cash flow on this well-priced asset.

Location Summary

  • Spring Valley is a community a part of the east county San Diego region that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) to downtown 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. Lifestyles range from apartments or town home residents to the urban professional, and on to those with larger properties for enjoying horses, livestock and rural community life.
  • 9258 Birch Street is a 12 unit apartment building located in the community of Spring Valley. Originally built in 1984 and consisting of one structure on a 14,922 square foot lot. The property has desired unit mix of Eight 2 bedroom 1 bath units and Four 3 bedroom 1 bath units for a total of 10,188 rentable square feet. There are 19 open parking spaces. Each unit has laundry hook-ups, though only 3 are currently exposed. Ownership recently put on a new roof. This complex represents a value add opportunity for an owner to make strategic capital improvement to increase the cash flow on this well-priced asset.
FOR MORE DETAILS CONTACT
Kevin Hemstreet
Managing Principal
(619) 309-9296
hemstreet@scc1031.com
BRE# 01490629
Cody Evans
Vice President
(858) 729-3094
evans@scc1031.com
0139935