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9062 Kenwood Dr
Spring Valley, CA 91977
5.05%-6.1% CAP | 3.25% LOAN | SAN DIEGO · Multifamily Property For Sale · 20 Units

Investment Highlights

  • Current Cap: 5.05% | Year 1 Cap: 5.74% | Pro-Forma Cap: 6.1%
  • 3.25% Assumable Loan with Chase Bank
  • 90% 2BR Units!
  • Adjacent to Institutionally Owned Apartment Portfolio (Blackstone/TruAmerica) of 161 Units Under Renovation (VALLE)
  • Recent Interior & Exterior Reanovations With Easy Upside Potential
  • Owner currently installing low maintenance / low water XERISCAPE landscape

Property Facts

No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.59 AC
Building Size 15,440 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1979/2022
Zoning RU-29, County

Amenities

Unit Amenities

  • Kitchen

Site Amenities

  • Laundry Facilities
  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - 450 - 550
2+1 14 - 800
2+2 4 - 835

Property Taxes

Property Taxes

Parcel Number
504-302-16
Land Assessment
$3,100,000
Improvements Assessment
$2,050,000
Total Assessment
$5,150,000
  • Listing ID: 28262360

  • Date on Market: 4/18/2023

  • Last Updated:

  • Address: 9062 Kenwood Dr, Spring Valley, CA 91977

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