$10,200,000
$11,000,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
1.23 Acres Lot
SOLD DATE : 08/28/2024
Key Details
Sold Price $10,200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220024909SD
Sold Date 08/28/24
HOA Y/N No
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 91977 - Spring Valley
Interior
Fireplace No
Exterior
Total Parking Spaces 71
Others
Tax ID 5782001200
Financing Cash to New Loan
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Bought with Benn Vogelsang • NorthMarq Multifamily
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Broker Associate | Lic# 01905244