913 Grand Ave - Apartments FOR SALE


Spring Valley, CA 91977- La Presa
$1,195,000 USD
858-247-1095
913 Grand Ave, Spring Valley, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/8
null | 5.85% Cap Rate

913 Grand Ave
Spring Valley, CA 91977
La Presa


HIGHLIGHTS

  • Value Add Opportunity
  • 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

**Under $200k/unit** 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 significant 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

$1,195,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,167

CAP RATE

5.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units - $199k/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

7,405 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.