9258 Birch StSpring Valley, CA 91977

Property Details for 9258 Birch St

Year built

1984

Lot size

0.34 AC

Property size (Sq ft)

10,188 SF

Zone code

R-4:MULTIPLE RESIDENTIAL

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

578-201-21-00

APU

5782012100

Description

This exceptional 12-unit apartment building presents a compelling investment opportunity in Spring Valley, California. The property, located at 9258 Birch St, boasts a desirable unit mix of four 3-bedroom/1-bathroom and eight 2-bedroom/1-bathroom apartments, all meticulously renovated in 2024. Upgrades include new laminate flooring, modern kitchens featuring new cabinets and quartz countertops, updated lighting, and stylish bathroom fixtures. Each unit is equipped with in-unit laundry and new windows, enhancing tenant comfort and appeal. Select units offer the added luxury of private patios. The building sits on a 14,922 square foot lot and comprises 10,188 square feet of net rentable space, spread across two stories. Built in 1984, this stabilized investment property currently generates a strong NOI of $253,217, representing a 5.90% cap rate. Pro-forma NOI is projected at $281,284, indicating a 6.56% pro-forma cap rate. The asking price is $4,290,000, translating to $357,500 per unit and $421.08 per square foot. The property is zoned M52 and offers significant potential for future growth and appreciation. This turnkey investment is ideal for those seeking a stable, high-performing asset in a thriving San Diego County location. The property's strong cash flow, combined with its recent renovations and desirable unit mix, makes it an attractive opportunity for discerning investors.

• CAP approach

  CAP return

  Valuation

  6%

  $2,648,106

  6.5%

  $2,444,405

  7%

  $2,269,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,555,740

  Geo Method

  $5,558,099

• Alternative Use

  Use

  Valuation

  Residential

  $2,444,405

  Hospitality

  $2,239,062

  Educational

  $1,862,873

  Medical

  $1,926,940

  Retail

  $2,897,803

Location Insight

City

Spring Valley

County

San Diego

State

California

Latitude

32.717

Longitude

-117

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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