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Value-Add 9 Units **6.74 Proforma CAP** 3404 Helix St 9 Unit Apartment Building $2,400,000 ($266,667/Unit) 5.33% Cap Rate Spring Valley, CA 91977
Investment Highlights
- High Rental Demand Location – Spring Valley
- Strong Unit Mix: Three (3) 2Bedroom / 2Bathroom Units & Six (6) 1Bedroom / 1Bathroom Units
- Onsite Laundry Room
- 9-Unit Property on a 15,415 SF Lot
- Value-Add Potential
- Twelve (12) Off-Street Parking Spots + 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 a 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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$201,419
|
$30.85
|
| Other Income |
$1,800
|
$0.28
|
| Vacancy Loss |
$6,097
|
$0.93
|
| Effective Gross Income |
$197,122
|
$30.20
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$69,089
|
$10.58
|
| Net Operating Income |
$128,033
|
$19.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $201,419 |
| Annual Per SF | $30.85 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.28 |
| Vacancy Loss | |
|---|---|
| Annual | $6,097 |
| Annual Per SF | $0.93 |
| Effective Gross Income | |
|---|---|
| Annual | $197,122 |
| Annual Per SF | $30.20 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $69,089 |
| Annual Per SF | $10.58 |
| Net Operating Income | |
|---|---|
| Annual | $128,033 |
| Annual Per SF | $19.61 |
Property Facts
| Price | $2,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $266,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.33% | Building Size | 6,528 SF |
| Gross Rent Multiplier | 11.81 | Average Occupancy | 100% |
| 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 | $2,400,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 11.81 |
| 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 | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | RU - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Fenced Lot
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,643 | 588 |
| 2+2 | 3 | $2,309 | 1,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 504-021-13 | Improvements Assessment | $676,384 |
| Land Assessment | $322,697 | Total Assessment | $999,081 |
Property Taxes
Parcel Number
504-021-13
Land Assessment
$322,697
Improvements Assessment
$676,384
Total Assessment
$999,081
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Value-Add 9 Units **6.74 Proforma CAP** | 3404 Helix St
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