Spring Valley, CA 91977,3827 Conrad Drive
Spring Valley, CA 91977,3827 Conrad Drive
Spring Valley, CA 91977,3827 Conrad Drive
$11,650,000
Est. payment /mo
$12,200,000
4.5%
Est.Price: ?

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SOLD DATE : 03/30/2023

Key Details

Sold Price $11,650,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 220024073

Sold Date 03/30/23

Property Description

Spring Valley 44, a 44-unit apartment community, located in the Casa de Oro neighborhood of Spring Valley. Built in 1971, the property features 17 one-bedroom/ one-bathroom units, 11 two-bedroom/one-bathroom units, and 16 two-bedroom/ two-bathroom units. Spring Valley 44 is comprised of four buildings and is located on a 1.05-acre lot. Spring Valley 44 offers investors the opportunity to acquire a stable asset in a preferred Casa de Oro community with the ability to continue to capture upside in rental income through renovation of the units. The immediate surrounding community is comprised of residential housing, schools, and local retail outlets. Residents will enjoy the Property’s many common area amenities, including open parking, gated swimming pool, and on-site laundry facilities. Each unit has a generous amount of square footage and feature fully equipped kitchens with dishwashers, private patios (select units), and upgraded LVT (faux wood) flooring (select units). Located 11 miles East of San Diego, Spring Valley is the country’s largest unincorporated community and it is comprised of rolling hills and countryside. Named for the fresh water spring located there, the community boasts an enviable climate influenced by ocean currents and winter temperatures averaging 61 degrees. Residents enjoy the country feel, but have close proximity to employment, dining and retail via the 94 and 125 freeways.

Location

State CA

County San Diego

Area Spring Valley (91977)

Interior

Cooling Wall/Window

Exterior

Exterior Feature Fully Landscaped

Garage Spaces

Total Parking Spaces 40

Building

Story 2

Others

Space Rent $956,628

Financing Other/Remarks

Special Listing Condition Call Agent

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San Diego Regional MLS (SDMLS)
Listed by Chris Roberson • Endeavor
Bought with Christopher Roberson • Pursuit Realty
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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