$1,764,000

Est. payment -/mo

$1,950,000

9.5%

Est.Price: ?

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9360 San Diego Street Spring Valley, CA 91977

8,436 Sqft Lot

SOLD DATE : 04/27/2023

Key Details

Sold Price $1,764,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 220024566

Lot Size 8,436 Sqft

Property Description

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%.