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Value-Add, 6.42% Proforma CAP 3404 Helix St 9 Unit Apartment Building $2,500,000 ($277,778/Unit) 5.07% Cap Rate Spring Valley, CA 91977
INVESTMENT HIGHLIGHTS
- High Rental Demand Location: Spring Valley
- 9-Unit Property on a 15,415 SF Lot
- Onsite Laundry Room
- Value Add Potential
- Great Unit Mix: (3) 2Bed/2Bath + (6) 1Bed/1Bath
- 12 Surface Parking Spaces + a 2-Car Garage
EXECUTIVE SUMMARY
The Helix Street Apartment Homes is a well-located 9-unit multifamily asset situated in the growing community of Spring Valley, within central San Diego County. Spanning a generous 15,415sf lot, the property consists of three (3) 2Bedroom / 2Bathroom units and six (6) 1Bedroom / 1Bathroom units. Tenant amenities include an onsite laundry room, twelve (12) surface parking spots, and one (1) 2-car garage.
This asset presents both stable in-place income and significant value-add potential. With a strong unit mix, ample parking, and proximity to schools, freeways, and daily conveniences, this offering is ideal for both long-term investors and operators seeking yield and upside.
This asset presents both stable in-place income and significant value-add potential. With a strong unit mix, ample parking, and proximity to schools, freeways, and daily conveniences, this offering is ideal for both long-term investors and operators seeking yield and upside.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $277,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.07% | Building Size | 6,528 SF |
| Gross Rent Multiplier | 12.3 | Average Occupancy | 97% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Zoning | RU - Residential | ||
| Price | $2,500,000 |
| Price Per Unit | $277,778 |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Gross Rent Multiplier | 12.3 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,528 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | RU - Residential |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | $2,309 | 1,000 |
| 1+1 | 6 | $1,643 | 588 |
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PROPERTY TAXES
| Parcel Number | 504-021-13 | Improvements Assessment | $676,384 (2025) |
| Land Assessment | $322,697 (2025) | Total Assessment | $999,081 (2025) |
PROPERTY TAXES
Parcel Number
504-021-13
Land Assessment
$322,697 (2025)
Improvements Assessment
$676,384 (2025)
Total Assessment
$999,081 (2025)
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Value-Add, 6.42% Proforma CAP | 3404 Helix St
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