913 Grand Ave - Apartments FOR SALE


Spring Valley, CA 91977- La Presa
$1,295,000 USD
858-247-1095
913 Grand Ave, Spring Valley, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/7
null | 4.43% Cap Rate

913 Grand Ave
Spring Valley, CA 91977
La Presa


HIGHLIGHTS

  • Value Add Opportunity: 30% Upside Rents
  • Large 1Bedroom / 1Bathroom Units Averaging 569sf
  • Ample Off-Street Parking
  • Built in 1975
  • Large Lot Size: 7,341sf
  • Low Maintenance Property with Minimal Landscape

OVERVIEW

This 6-unit value-add property is located in the high rental demand submarket of Spring Valley. The asset consists of six (6) large 569sf 1Bedroom / 1Bathroom units and is situation on a 7,341sf parcel. With ten (10) parking spaces there is ample off-street parking and enough space to consider adding an ADU. The Apartment Homes on Grand offers an investor the opportunity to acquire an asset under replacement cost with 30% upside in rental income. With minimal landscaping, low maintenance, and units already in good condition, there is a quick and clear path to stabilize the asset.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,833

CAP RATE

4.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units - $215k/unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,341 SF

ZONING

C36

APN/PARCEL ID

584-280-42

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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