9258 Birch St Spring Valley, CA 91977

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.