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Key Details
Sold Price $10,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220024909
Sold Date 08/28/24
Lot Size 1.230 Acres
Property Description
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.
Location
State CA
County San Diego
Area Spring Valley (91977)
Exterior
Total Parking Spaces 71
Building
Story 2
Others
Space Rent $1,008,744
Financing Cash to New Loan
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Bought with Benn Vogelsang • NorthMarq Multifamily
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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