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Buena Vista Apartments | 7-Unit Value-Add 9922-9934 Buena Vista Dr 7 Unit Apartment Building $2,300,000 ($328,571/Unit) 3.83% Cap Rate Spring Valley, CA 91977
Investment Highlights
- Unit Mix: (3) 2 Bed / 1 Bath & (4) 1 Bed / 1 Bath
- 8 On-Site Parking Spaces
- Several Renovated Units
- Separately Metered for Gas & Electric
- On-Site Laundry Facilities
- Value-Add Rental Upside
Executive Summary
Property Description
Lee & Associates Multifamily Group - North San Diego County is pleased to present Buena Vista Apartments, a 7-unit multifamily investment opportunity located at 9922-9934 Buena Vista Drive, Spring Valley, California. The property consists of seven apartment units totaling approximately 3,657 square feet situated on an 8,943 square foot lot, featuring a desirable unit mix of (3) two-bedroom/one-bath units and (4) one-bedroom/one-bath units. Built in 1946, Buena Vista Apartments offers investors a rare opportunity to acquire a well-located East County asset with stable in-place income and significant value-add potential.
The property benefits from separate gas and electric metering, reducing landlord utility expenses while providing operational efficiency. Additional amenities include eight on-site parking spaces, a rear parking/storage area, and on-site laundry facilities, all contributing to tenant retention and strong marketability. Several units have been renovated, allowing a new owner to continue implementing upgrades and capture additional rental upside.
Strategically located in the heart of Spring Valley, the property offers residents convenient access to State Route 94, Interstate 125, Downtown San Diego, La Mesa, and Chula Vista, as well as nearby shopping, dining, schools, parks, and employment centers. Spring Valley continues to benefit from strong rental demand driven by its affordability relative to the broader San Diego market and its central East County location.
Buena Vista Apartments presents an attractive investment opportunity featuring a proven unit mix, utility efficiency, ample parking, and a clear path to increased cash flow through continued property improvements and rental growth. Investors will benefit from both immediate income and long-term appreciation potential in one of San Diego County's most established rental submarkets.
Property Highlights
• 7-Unit Multifamily Investment Opportunity
• Unit Mix: (3) 2 Bed / 1 Bath & (4) 1 Bed / 1 Bath
• ±3,657 SF Building Area
• ±8,943 SF Lot
• Built in 1946
• Separately Metered for Gas & Electric
• 8 On-Site Parking Spaces
• On-Site Laundry Facilities
• Several Renovated Units
• Value-Add Rental Upside
• Convenient Access to SR-94, SR-125, Downtown San Diego, La Mesa & Chula Vista
• Strong East County Rental Fundamentals
• Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
For More Information Contact:
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Lee & Associates Multifamily Group - North San Diego County is pleased to present Buena Vista Apartments, a 7-unit multifamily investment opportunity located at 9922-9934 Buena Vista Drive, Spring Valley, California. The property consists of seven apartment units totaling approximately 3,657 square feet situated on an 8,943 square foot lot, featuring a desirable unit mix of (3) two-bedroom/one-bath units and (4) one-bedroom/one-bath units. Built in 1946, Buena Vista Apartments offers investors a rare opportunity to acquire a well-located East County asset with stable in-place income and significant value-add potential.
The property benefits from separate gas and electric metering, reducing landlord utility expenses while providing operational efficiency. Additional amenities include eight on-site parking spaces, a rear parking/storage area, and on-site laundry facilities, all contributing to tenant retention and strong marketability. Several units have been renovated, allowing a new owner to continue implementing upgrades and capture additional rental upside.
Strategically located in the heart of Spring Valley, the property offers residents convenient access to State Route 94, Interstate 125, Downtown San Diego, La Mesa, and Chula Vista, as well as nearby shopping, dining, schools, parks, and employment centers. Spring Valley continues to benefit from strong rental demand driven by its affordability relative to the broader San Diego market and its central East County location.
Buena Vista Apartments presents an attractive investment opportunity featuring a proven unit mix, utility efficiency, ample parking, and a clear path to increased cash flow through continued property improvements and rental growth. Investors will benefit from both immediate income and long-term appreciation potential in one of San Diego County's most established rental submarkets.
Property Highlights
• 7-Unit Multifamily Investment Opportunity
• Unit Mix: (3) 2 Bed / 1 Bath & (4) 1 Bed / 1 Bath
• ±3,657 SF Building Area
• ±8,943 SF Lot
• Built in 1946
• Separately Metered for Gas & Electric
• 8 On-Site Parking Spaces
• On-Site Laundry Facilities
• Several Renovated Units
• Value-Add Rental Upside
• Convenient Access to SR-94, SR-125, Downtown San Diego, La Mesa & Chula Vista
• Strong East County Rental Fundamentals
• Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
For More Information Contact:
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Property Facts
Amenities
Unit Amenities
- Patio
- Porch
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 501-248-15 | Improvements Assessment | $703,580 |
| Land Assessment | $589,925 | Total Assessment | $1,293,505 |
Property Taxes
Parcel Number
501-248-15
Land Assessment
$589,925
Improvements Assessment
$703,580
Total Assessment
$1,293,505
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Buena Vista Apartments | 7-Unit Value-Add | 9922-9934 Buena Vista Dr
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