Prime 10-Unit Apartment in Casa de Oro | 3628 S Cordoba Ave
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Prime 10-Unit Apartment in Casa de Oro 3628 S Cordoba Ave
10 Unit Apartment Building $2,250,000 ($225,000/Unit) 3.27% Cap Rate Spring Valley, CA 91977
Investment Highlights
- Prime Location: Located in the desirable Casa De Oro submarket of San Diego County, known for strong rental demand.
- Well-Maintained and Low-Upkeep: This property is designed for low upkeep, with recent capital improvements, including a new roof installed in 2024, re
- Tenant Convenience: Offers eighteen off-street parking spaces and on-site laundry facilities, providing added convenience for residents.
- Diverse Unit Mix: Comprising nine spacious two-bedroom units with larger kitchens and one one-bedroom unit, catering to a variety of tenant needs.
Executive Summary
We are pleased to bring to market this well-maintained, ten-unit apartment building located in the desirable Casa De Oro submarket of San Diego County. The property comprises nine spacious two-bedroom units, each featuring large kitchens, and one well-appointed one-bedroom unit. Situated on a generous 15,250-square-foot lot, the building offers eighteen off-street parking spaces and on-laundry room. This well-maintained, two-story property boasts a new roof installed in 2024, along with several other recent capital improvements, making it an attractive investment opportunity.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 Under Contract
| Price | $2,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 3.27% | Building Size | 8,126 SF |
| Gross Rent Multiplier | 16.7 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Price | $2,250,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 3.27% |
| Gross Rent Multiplier | 16.7 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 8,126 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 2.22/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 9 | - | - |
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 501-247-10 | Improvements Assessment | $448,061 (2024) |
| Land Assessment | $258,872 (2024) | Total Assessment | $706,933 (2024) |
PROPERTY TAXES
Parcel Number
501-247-10
Land Assessment
$258,872 (2024)
Improvements Assessment
$448,061 (2024)
Total Assessment
$706,933 (2024)
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Prime 10-Unit Apartment in Casa de Oro | 3628 S Cordoba Ave
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