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Property profile & analytics
FOR SALE
Apartment buildings
9208 Harness St Spring Valley, CA 91977
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9538502
For Sale
1 / 14
$1,559,000
9208 Harness St, Spring Valley, CA 91977
View Listing →
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.25M
Owner & transaction history
Aztec Canyon Fund I LLC · 4 yrs held
Aztec Canyon Fund I LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Spring Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+108.6%
Auto repair, garage
$1.4M
+67.8%
Office building
$1.3M
+58.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,255,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$820,000
Current use
MEDICAL BUILDING
$1,710,000
Change: +109% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,375,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$1,300,000
Change: +58% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,200,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.33M (Nov 23 2021)
Last sale anchor
$1.33M
Nov 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$346 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,195
Tax year 2024
Assessed value
$1,378,530
Assessed 2024
Previous assessed
$1,378,530
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$728,280
Assessed improvement
$650,250
Applied tax rate
83.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1951
Heating
NONE
Units
6
Bathrooms
6
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
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Spring Valley, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Spring Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$820,000
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Units
6
Bathrooms
6
Lot
0.21 ac
Current owner
From public records · entity-resolved
Aztec Canyon Fund I LLC
Entity
Mailing address
401 W LEXINGTON AVE UNIT #838, EL CAJON, CA 92022-5234
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Aztec Canyon Fund I LLC
—
Deed
related
$1,085,000 · Luther Burbank Savings
Nov 23, 2021
$1,325,000
Aztec Canyon Fund I LLC
Wei Q Ling
Grant Deed
$859,320 · East West Bank
Jun 14, 2016
$785,000
The Ling & Mei Family Trust
9208 Harness LLC
Grant Deed
$588,750 · Broadway Federal Bank Fsb
Sep 21, 2012
—
9208 Harness LLC
9208 Harness LLC
Quit Claim Deed
related
$378,000 · Opus Bank
Jun 19, 2009
$430,000
9208 Harness LLC
Nguyen,khue N
Grant Deed
$336,500 · Neighborhood National Bank
Jan 24, 2007
$445,000
Khue N Nguyen
Nguyen,khue N
Quit Claim Deed
related
—
Dec 31, 2002
$445,000
Khua N Nguyen
Fujitani,tr
Grant Deed
$245,000 · First United Bank
Feb 27, 1989
$66,500
Galen H Fujitani
Mason Gordon Co
Grant Deed
—
Sep 1, 1988
—
Mason Gordon Co
Mcg Ltd Partners
Quit Claim Deed
related
$175,800 · Progressive Savings Bank
—
—
Khue N Nguyen
—
Deed Of Trust
related
$336,000 · Washington Mutual Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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