3960-3968 Helix St - Apartments FOR SALE


Spring Valley, CA 91977
$1,725,000 USD
858-729-3094
3960-3968 Helix St, Spring Valley, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/16
null | 5.7% Cap Rate

3960-3968 Helix St
Spring Valley, CA 91977


HIGHLIGHTS

  • All 2 Bedroom 1 Bath Units Approx. 885 Sq Ft Each
  • 4 Single Story Free Standing Homes with Garages and a Two Story Duplex
  • In-Unit Laundry, Private Yards, Dual Pane Windows, Quartz Counter Tops for Every Unit
  • 12 Off Street Parking Spaces
  • Additional Income Streams Via RUBs And Billboard Signage

OVERVIEW

Looking for a deal that actually pencils? 3960-68 Helix St is attractively priced to match the cost of debt on current real numbers with rental upside. Situated on an approximately 16,671 SF lot, the property is improved with six spacious 2-bedroom/1-bath residences averaging approximately 885 SF each. The unique layout consists of four detached single-family homes, each with its own single-car garage, along with a two-story duplex, creating a residential environment rarely found in traditional multifamily communities. The property’s thoughtful site design provides residents with greater privacy, separation, and individual identity while maintaining the operational efficiencies of a single multifamily asset. Ample on-site parking, private outdoor areas, and strong curb appeal further enhance the property’s residential character. All six units have been thoughtfully renovated with dual-pane windows, quartz countertops, new cabinetry and vanities, luxury vinyl plank flooring, and scraped ceilings. Every residence also features a private yard and in unit laundry, amenities that are highly sought after by today’s renters and more commonly associated with single-family housing. Combined with well-maintained improvements and a desirable unit mix, the property offers an attractive living experience that supports tenant retention and long term occupancy. Beyond base rental income, the property benefits from two additional income streams that enhance overall returns. A Ratio Utility Billing System (RUBS) allows the owner to recapture a portion of water, sewer, and trash expenses directly from tenants based on occupancy, square footage, or a similar allocation method, reducing the property's net expense load without the capital cost of individually metering each unit. Additionally, the property benefits from billboard and signage income, generating a stable, non rental revenue stream that is largely insulated from vacancy and turnover risk. Together, these ancillary income sources supplement in place rents and provide investors with a diversified, less rent dependent income profile, an attractive feature for a value add asset of this size.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

6

PRICE/UNIT

$287,500

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

SR-1

APN/PARCEL ID

504-311-35

ASK ABOUT THIS PROPERTY

Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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