9208 Harness St - Apartments FOR SALE


Spring Valley, CA 91977- La Presa
$1,650,000 USD
415-250-4947
9208 Harness St, Spring Valley, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/37
null | 6.04% Cap Rate

9208 Harness St
Spring Valley, CA 91977
La Presa


HIGHLIGHTS

  • 6 Turnkey Units
  • Current 11 GRM & 6% Cap Rate
  • Well Parked & All Units Upgraded
  • All 2 Bedroom / 1 Bathroom Units

OVERVIEW

9208 Harness Street in Spring Valley, California is a 6-unit apartment building situated on 9,315 square feet of land with a strong unit mix of all two-bedroom, one-bath units totaling 3,600-square feet of structure built in 1951. Significant improvements and upgrades have been done to the property by past ownership. The building is a two-story wood-frame stucco building with concrete slab foundation and a flat roof. Each unit has a water heater, and residents have three dedicated tandem parking spaces and three single parking spaces. The property is conveniently located less than one mile from neighborhood retail outlets, public parks and schools, and just two miles from Sweetwater Summit Regional Park and Reservoir where residents can enjoy the quiet outdoors. Spring Valley is a community in the part of East San Diego County that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) from downtown San Diego via Highway 94. The area offers a diverse geography sharing a landscape of choices, from a touch of urban living to snow dusted slopes in the rural back country in a mild climate influenced by ocean currents and abundant sunshine. Spring Valley is San Diego County’s largest unincorporated community, offering a small-town flavor to each of its residents. Lifestyles range from apartments or town home residents to the urban professional, and on to those with larger properties for enjoying horses, livestock and rural community life. The population of Spring Valley is over 30,000 people with an average age of 35 years old. The median household income is over $65,000 and median home value is just over $400,000 with 60% of the residents owning their own homes. Spring Valley is located south of El Cajon, East of San Diego and is bordered by the San Diego National Wildlife Refuge.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

6.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R-3, Spring Valley

APN/PARCEL ID

578-160-49

ASK ABOUT THIS PROPERTY

Benn VogelsangNorthmarqMore Info
415-250-4947

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Benn VogelsangNorthmarqMore Info
415-250-4947

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