9253 Birch St.

    Spring Valley, CA 91977
    • $775,000
    • STATUS: ACTIVE
    • ON SITE: 229 days
    • ID#: 190011504
    UPDATED: 198 min ago
    $775,000
    • 6
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    JUST REDUCED! Three of four units will be remodeled by close of escrow. Two units have newer kitchen cabinets and granite counter tops. Upgrades include new flooring and paint. Seller believes the roof is approximately five years old. Seller just installed leased laundry equipment. Sellers recent upgrades imply lower cost for the next buyer. Higher rents and residents with higher credit scores make the asset more desirable and lower risk. Each apartment has storage space. One unit has a private yard.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.teamforss.com/homes/92285280

    9253 Birch St. Spring Valley, CA 91977

    • Price: $775,000
    • Status: ACTIVE
    • Updated: 198 min ago
    • ID#: 190011504
    6
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    1973
    Built
    Neighborhood:
    Spring Valley
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    JUST REDUCED! Three of four units will be remodeled by close of escrow. Two units have newer kitchen cabinets and granite counter tops. Upgrades include new flooring and paint. Seller believes the roof is approximately five years old. Seller just installed leased laundry equipment. Sellers recent upgrades imply lower cost for the next buyer. Higher rents and residents with higher credit scores make the asset more desirable and lower risk. Each apartment has storage space. One unit has a private yard.
    Exterior Features

    Exterior Stucco Fencing N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 Uncovered Parking Non Garage Desc Unit4 Underground Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Electric Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 4.9 Age Restrictions N/K Annual Expense Actual 16626 Annual Expense Projected 16626 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community Spring Valley Complex Park Spring Valley Cross Streets Presioca St. Gross Rent Multiplier Actual 13.7 Gross Rent Multiplier Project 13 Gross Scheduled Income Actual 56520 Gross Scheduled Income Project 59100 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 40110 Other Fees 0 Other Income Actual 0 Projected Cap Rate 5.2 Projected Other Income 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 900 Unit1 Occupied Tenant Unit1 Projected Rent 1100 Unit1 Rent Actual 1025 Unit2 Deposit 995 Unit2 Occupied Tenant Unit2 Projected Rent 1125 Unit2 Rent Actual 1095 Unit3 Deposit 1200 Unit3 Occupied Tenant Unit3 Projected Rent 1350 Unit3 Rent Actual 1295 Unit4 Deposit 1200 Unit4 Occupied Tenant Unit4 Projected Rent 1350 Unit4 Rent Actual 1295 Water Meter On Property

    Listing provided courtesy of Apartment Consultants, Inc.. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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