9062 Kenwood Dr Spring Valley, CA 91977-2260
Property profile & analytics
9062 Kenwood Dr Spring Valley, CA 91977-2260
- Apartment buildings
- 15,440 SF
- 0.58 lot acres
Property ID
US09-9579720
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 9062 Kenwood Dr
- Year built
- 1979
- Lot size
- 0.58 lot acres
- Property size
- 15,440 SF
- Zone code
- R-3:RESTRICTED MULTIPLE
- Property type
- Apartment buildings
- APN
- 504-302-16-00
- APU
- 5043021600
Description
This exceptional 20-unit apartment building presents a compelling investment opportunity in Spring Valley, California. The property, located at 9062 Kenwood Drive, boasts 15,440 square feet of living space across three, two-story buildings situated on a spacious 25,265 square foot lot. Built in 1978, the complex enjoys a 100% occupancy rate, generating a current NOI of $338,320 and a 6.39% cap rate. Pro-forma projections indicate a NOI of $409,767 and a 7.74% cap rate, showcasing significant upside potential. The unit mix comprises four 2-bedroom/2-bathroom, fourteen 2-bedroom/1-bathroom, and two 1-bedroom/1-bathroom units, each priced at $264,750. Residents benefit from 24 gated parking spaces, air conditioning, dishwashers, and patios on ground-floor units. Recent upgrades include plank flooring and stainless-steel appliances. Community amenities include on-site laundry facilities and a BBQ picnic area. The property also features newly improved landscaping and potential for Accessory Dwelling Unit (ADU) development. Spring Valley offers a desirable blend of suburban tranquility and convenient access to downtown San Diego (a 20-minute commute via Highway 94), along with a diverse range of lifestyle options. The community's strong demographics, including a median household income exceeding $65,000 and a median home value of over $400,000, further solidify this investment's attractiveness. The asking price for this stabilized Class C multifamily property is $5,295,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,890,000
- ML approach
- $4,000,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,275,000
- 6.5%
- $3,945,000
- 7%
- $3,665,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,604,000
Market price range: $2.00M - $4.60M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,515,000 Current use
- MEDICAL BUILDING
- $7,330,000 Change: +109% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $5,895,000 Change: +68% Conversion: Difficult
- OFFICE BUILDING
- $5,570,000 Change: +58% Conversion: Moderate
- WAREHOUSE, STORAGE
- $5,140,000 Change: +46% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spring Valley
- County
- San Diego
- State
- California
- Longitude
- -117.002
- Latitude
- 32.745
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$67,830
$3,017,160
$2,028,780
$5,045,940
-
$0.00
$0.00
$0.00
