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9210 Harness St 5 Unit Apartment Building $1,200,000 ($240,000/Unit) 4.30% Cap Rate Spring Valley, CA 91977
INVESTMENT HIGHLIGHTS
- Diversified Unit Mix (1) 3BR/2BA, (1) 2BR/2BA, and (3) 1BD/1BA Units appealing to a broad tenant base
- Clear opportunity to boost cash flow through targeted interior upgrades
EXECUTIVE SUMMARY
9210 Harness Street is a well-maintained 5-unit multifamily property located in the heart of Spring Valley, California. The property features a 2,700 square foot two story, wood frame building with stucco exterior, and sits on a 8,847 square foot lot. The property offers a diverse unit mix consisting of (3) 1bd/1ba units, (1) 2bd/2ba unit, and (1) 3bd/2ba unit, catering to a range of tenant profiles. Residents benefit from ample onsite parking with 11 total spaces, a shared coin-operated laundry facility, and private patio areas for two of the units enhancing overall tenant comfort and appeal.
PROPERTY FACTS
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $240,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.30% | Building Size | 2,750 SF |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 4/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RU29 - Residential- Multi family | ||
| Price | $1,200,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 4.30% |
| Gross Rent Multiplier | 13 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,750 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 4/1,000 SF |
| Zoning | RU29 - Residential- Multi family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 657 |
| 2+2 | 1 | - | 921 |
| 3+2 | 1 | - | 1,192 |
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PROPERTY TAXES
| Parcel Number | 578-160-50 | Improvements Assessment | $557,756 |
| Land Assessment | $437,456 | Total Assessment | $995,212 |
PROPERTY TAXES
Parcel Number
578-160-50
Land Assessment
$437,456
Improvements Assessment
$557,756
Total Assessment
$995,212
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9210 Harness St
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