9859 Dale Avenue

    Spring Valley, CA 91977
    • $4,000,000
    • STATUS: ACTIVE
    • ON SITE: 60 days
    • ID#: 180041553
    UPDATED: 78 min ago
    $4,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    EXCELLENT INVESTMENT in Casa de Oro North of Highway 94. Quite hillside location on a cul-de-sac. Built in 1990 to Condo Quality. 16 units 8-1br/1ba, 8-2br/2ba with 1 car garages. All units have fireplaces, central heat/air, vaulted ceilings in upper units, attached enclose storage spaces. 25 total on-site parking spaces. Rents are low but Month/Month **ADDED VALUE BONUS: Property has "Recorded Final Condo Map" from county. This map allows condo conversion now or in the future **THIS PROPERTY IS REALLY WORTH CHECKING OUT**

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
    www.triolorealty.com/homes/86043398

    9859 Dale Avenue Spring Valley, CA 91977

    • Price: $4,000,000
    • Status: ACTIVE
    • Updated: 78 min ago
    • ID#: 180041553
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Spring Valley (91977)
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    EXCELLENT INVESTMENT in Casa de Oro North of Highway 94. Quite hillside location on a cul-de-sac. Built in 1990 to Condo Quality. 16 units 8-1br/1ba, 8-2br/2ba with 1 car garages. All units have fireplaces, central heat/air, vaulted ceilings in upper units, attached enclose storage spaces. 25 total on-site parking spaces. Rents are low but Month/Month **ADDED VALUE BONUS: Property has "Recorded Final Condo Map" from county. This map allows condo conversion now or in the future **THIS PROPERTY IS REALLY WORTH CHECKING OUT**
    Exterior Features

    Construction DrywallFrameStucco Exterior Fully Landscaped Parking Spaces Total 25 Units With Garages 15

    Interior Features

    Baths Unit1 1 Baths Unit2 2 Bedrooms Unit1 1 Bedrooms Unit2 2 Cooling Central Forced Air Elec Floor Coverings VinylWall To Wall Carpet Floors SlabWood Heating Central Forced Air Elec Sq Ft Of Improvement 12598 Stories 2 Story Unit Furnished1 0 Unit Furnished2 0 Units With Dishwashers 16 Units With Disposals 16 Units With Drapes 16 Units With Ranges 16 Units With Refrigerators 16

    Property Features

    Actual Cap Rate 4.5 Actual Gross Operating Income 274880 Actual Gross Scheduled Income 272700 Actual Operating Expense 96208 Assumable Finance 0 Buildings 2 Gross Equity 0 Gross Multiplier 14.6 Have 16 Units GaragesA/C F/P Mandatory Remarks None Known Market Area East County Monthly Rent Total 22725 Motive Want Retiring Other Income Actual 2180 Other Income Source Laundry Projected Cap Rate 5.1 Projected Gross Multiplier 13.44 Projected Gross Scheduled Inc 297600 Projected Net Income 203572 Projected Operating Expense 96208 Projected Other Income 2180 Special None Sq Ft Source Tax Record Unit Number1 8 Unit Number2 8 Unit Type Apartment

    Listing provided courtesy of Pacific Coast Commercial. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130