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Key Details
Sold Price $10,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220024909
Sold Date 08/28/24
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 Spring Valley (91977)
Exterior
Total Parking Spaces 71
Building
Story 2
Others
Space Rent $1,008,744
Financing Cash to New Loan
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Bought with Benn Vogelsang • NorthMarq Multifamily
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "