Listed by Apartment Realty Group Inc
$16,390,000
Spring Valley
Details
APN 578-200-12-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,960
Net Rentable (SqFt) 36,960
Units 48
Cap Rate 5.87%
NOI $961,314
Occupancy 100%
Pro-Forma Cap Rate 6.07%
Pro-Forma NOI $995,441
Price per SqFt $443
Broker Co-Op Yes
Year Built 1984
Year Renovated 2025
Buildings 2
Stories 2
Lot Size (SqFt) 53,579
Zoning M52
Investment Type Stabilized
Occupancy Date 02/10/2026
Multifamily | 48 Units | $341,458/unit
Marketing description
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.
Investment highlights
Large 2-Car Garage & Storage Room Roughly 800 Sq. Ft for ADU Conversion
Rare Opportunity to Obtain Large 48 Unit Building w/Excellent Cash Flow
Newly Renovated w/ Unit Laundry on Most Units, & A/C
Contemporary Interior Finishes w/ Current Design Aesthetic
Creative Financing Available
Excellent Unit Mix w/ 65% 2brs
1980s Construction
Turn Key w/ Little/No Capex For Future Years
New Roof (2023), Fence (2023), Windows, Paint, Concrete Courtyard, Water Heaters
Close to Newly Built Major Shopping Center (Target Anchored)
Listing Contacts
Listed by Apartment Realty Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$961,314.00
$80,109.50/mo
Valuation Metrics
0
DSCR
5.87%
Cap Rate
5.87%
ROI
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