Technical
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Property profile

9208 Harness St Spring Valley, CA 91977

OFF-MARKET
Other apartment buildings
Property ID
US09-9538502
3,600 SF 0.21 ac lot Built 1951
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a six-unit multi-family apartment building in Spring Valley, California, containing three two-bedroom, one-bath units in a strong all-two-bedroom one-bath unit mix. The building has approximately 3,600 square feet of building area and was constructed in 1951. It is a two-story wood-frame stucco structure set on a concrete slab foundation with a flat roof, and each unit is equipped with its own water heater. The building has an overall configuration designed for continued residential use, with self-contained unit amenities and dedicated resident parking consisting of three tandem spaces and three single spaces. The site is located within about one mile of local retail outlets, public parks, and schools, and is approximately two miles from Sweetwater Summit Regional Park and Reservoir.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1951
Total area 3,600 SF
Lot 0.21 ac (9,315 SF)
Zoning code R-3:RESTRICTED MULTIPLE
APN 578-160-49-00
UPID US09-9538502

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9208 Harness St Spring Valley, CA 91977-4212
Spring Valley metro Census 13907 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
$920k
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.26M

Owner & transaction history

since 2021
Last sale
$1.3M
7 recorded transactions
2022
Price N/A
2021
$1.3M
2016
$785,000
2012
Price N/A
2009
$430,000
2007
$445,000
2002
$445,000

Zoning & alternative use

R-3:RESTRICTED MULTIPLE · Spring Valley, CA
Top alternative use upside
Medical building $1.7M +108.6%
Auto repair, garage $1.4M +67.8%
Office building $1.3M +58.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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