Spring Valley, CA 91977,9249 Birch St
Spring Valley, CA 91977,9249 Birch St
Spring Valley, CA 91977,9249 Birch St
$10,200,000
Est. payment /mo
$11,000,000
7.3%
Est.Price: ?

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1.23 Acres Lot
SOLD DATE : 08/28/2024

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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San Diego Regional MLS (SDMLS)
Listed by Benn Vogelsang • NorthMarq Multifamily
Bought with Benn Vogelsang • NorthMarq Multifamily
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170 Laurel St, Diego, CA, 92101, United States

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