$10,200,000
$11,000,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
1.23 Acres Lot
SOLD DATE : 08/28/2024
Key Details
Sold Price $10,200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220024909SD
Sold Date 08/28/24
HOA Y/N No
Lot Size 1.230 Acres
Property Description
ASSUMABLE FINANCING AT 2.92%. Market 6.53% Cap Rate. Birch Terrace is a 48-unit apartment building located in the community of La Presa in Spring Valley. The 35,618 square feet of structures were built in 1984 on a 53,579 square foot lot. The property has strong unit mix of one 3 Bedroom / 1.5 Bath unit, thirty-one 2 Bedroom / 1 Bath units and sixteen 1 Bedroom / 1 Bath units. There are 71+ covered and surface parking spaces. The property features common laundry facilities, additional storage units, and a double garage. The units are spacious and feature dishwashers and A/C units.
Location
State CA
County San Diego
Area 91977 - Spring Valley
Interior
Fireplace No
Exterior
Total Parking Spaces 71
Others
Tax ID 5782001200
Financing Cash to New Loan
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Benn Vogelsang • NorthMarq Multifamily
GET MORE INFORMATION
REALTOR®