9953 San Juan St 14 Unit Apartment Building $3,900,000 ($278,571/Unit) 4.05% Cap Rate Spring Valley, CA 91977
EXECUTIVE SUMMARY
Commercial Asset Advisors is pleased to present this opportunity to acquire a 14-unit apartment complex located at the base of Mt. Helix in the neighborhood of Casa de Oro. The property has had recent interior renovations to some of the units and features an ideal unit mix of two (2) two-bedroom/one-bath and twelve (12) one-bedroom/one-bath units totaling approximately 9,010 square feet.The two-story structure features a stucco exterior, twelve parking spots, and new interior flooring. New ownership has the potential to increase the rents for a significant value add opportunity. With its location within the Campo Road Revitalization Specific Plan (reference Page 8), this multi-family opportunity has a lot of upside potential.
PROPERTY FACTS
| Price | $3,900,000 |
| Price Per Unit | $278,571 |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,834 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.15/1,000 SF |
UNIT AMENITIES
- Ceiling Fans
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 2 | - | - |
1 of 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 501-178-01 | Improvements Assessment | $1,558,444 |
| Land Assessment | $984,280 | Total Assessment | $2,542,724 |
ZONING
| Zoning Code | 6 |
