3827 Conrad Dr - Apartments FOR SALE


Spring Valley, CA 91977
$19,650,000 USD
206-291-8562
3827 Conrad Dr, Spring Valley, CA for Sale
$19,650,000 USD
Apartments - FOR SALE
1/15
null | 4.74% Cap Rate

3827 Conrad Dr
Spring Valley, CA 91977


HIGHLIGHTS

  • Pride of Ownership Opportunity: Own a property that has undergone a full renovation and modernization.
  • The newly updated property was recognized by not only residents and community but also by CoStar who upgraded The Sophia to a Class B (4 Star Rating)
  • Superior Unit Mix: 61% two-bedroom layouts averaging 841 square feet attract quality long-term residents.
  • Strategic Capital Improvements: Resurfaced parking lot, modern gate access, new exterior lighting, updated pool area, custom mural, dual pane windows
  • 2021 roof replacement across all four buildings & 2021 energy-efficient dual-pane windows and sliding glass doors.
  • Optimized Operations: Cohesive resident community with rents approaching market rate and sustainable growth potential within AB1482 guidelines

OVERVIEW

Endeavor, as exclusive advisor, is pleased to present the opportunity to acquire The Sophia (the “Property”), a thoughtfully renovated multifamily community consisting of 44 units, strategically positioned in San Diego County’s flourishing Casa de Oro district just 11 miles east of Downtown San Diego. The Sophia presents a rare opportunity where immediate returns meet long-term growth potential. Originally built in 1971 and comprehensively repositioned in 2024, this CoStar-verified Class B (4 Star Rating) property now features in-unit washer/dryers in 42 of 44 residences—creating a significant competitive advantage in this evolving submarket. With a strategic unit mix spread across four buildings on a verdant 1.05-acre parcel, The Sophia connects residents to major employment centers while providing a peaceful alternative to urban density. The property’s position at the nexus of Highways 94 and 125 creates exceptional access to Sharp Grossmont Hospital, Kaiser Zion, San Diego State University, and Mission Valley’s commercial district, cementing its appeal to discerning residents seeking both convenience and tranquility in San Diego County’s renaissance- phase Casa de Oro neighborhood.

FOR SALE DETAILS

PRICE

$19,650,000 USD

PRICE/SF

$531 USD /SF

# OF UNITS

44

PRICE/UNIT

$446,591

CAP RATE

4.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Sophia at Mt. Helix

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C-6

APN/PARCEL ID

500-182-09

ASK ABOUT THIS PROPERTY

Taylor KettlewellEndeavorMore Info
206-291-8562

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Taylor KettlewellEndeavorMore Info
206-291-8562

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.