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Birch Terrace Apartments 9249 Birch St 48 Unit Apartment Building $16,790,000 ($349,792/Unit) 5.73% Cap Rate Spring Valley, CA 91977
Investment Highlights
- Possible ADU Conversion of Storage Room, Large 2-Car Garage, & Laundry Room
- High Current Cash Flowing Property with Little/No Capex Required in Near Future
- 1980s Construction & Close to Newly Built Major Shopping Center (Target Anchored)
- Newly Renovated Interiors w/ Unit Laundry on Most Units, A/C , New Roof (2023), Fence (2023), Windows, Paint, Concrete Courtyard, & Water Heaters
- Contemporary Interior Finishes with Current Design Aesthetic
- Creative Financing Available
Executive Summary
Birch Terrace Apartments is a rare opportunity to acquire a recently renovated 48-unit community in the La Presa neighborhood of Spring Valley, as properties of this scale are increasingly uncommon in San Diego County. The property features a strong unit mix of sixteen 1BR/1BA units, thirty-one 2BR/1BA units, and one 3BR/1.5BA unit. The property was renovated in 2025 and is well maintained, offering a low-maintenance investment with stylish, modern finishes that are rare for the submarket and support strong rents and quality tenancy. Most units include in-unit laundry, enhancing tenant retention and marketability. Located in a high cash-flow area with consistent rental demand driven by nearby employment centers, the property provides solid in-place income with future upside through potential garage and storage area ADU conversions, making it a renovated asset with development potential in a growing East County rental market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $16,790,000 | Apartment Style | Low-Rise |
| Price Per Unit | $349,792 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.23 AC |
| Cap Rate | 5.73% | Building Size | 36,960 SF |
| Gross Rent Multiplier | 12.21 | Average Occupancy | 100% |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Zoning | R4 | ||
| Price | $16,790,000 |
| Price Per Unit | $349,792 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| Gross Rent Multiplier | 12.21 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 36,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2025 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Online Services
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 31 | $2,536 | 800 |
| 1+1 | 16 | $2,072 | 700 |
| 3+1 | 1 | $3,114 | 950 |
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Property Taxes
| Parcel Number | 578-200-12 | Improvements Assessment | $5,031,680 |
| Land Assessment | $5,200,000 | Total Assessment | $10,231,680 |
Property Taxes
Parcel Number
578-200-12
Land Assessment
$5,200,000
Improvements Assessment
$5,031,680
Total Assessment
$10,231,680
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Birch Terrace Apartments | 9249 Birch St
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