

Listed by Lee & Associates San Diego - Carlsbad
$2,200,000
9922-34 Buena Vista Drive
Details
APN 5012481500
Property Type Multifamily
Sub Type Apartment Building
Units 7
Cap Rate 4.06%
Buildings 1
Acreage 0.205
Multifamily | 4.06% CAP | 7 Units
Marketing 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,
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Listed by Lee & Associates San Diego - Carlsbad
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Zoning
RU-AR(A)-D(-)-LOT(6000)-BT(K)-MFAR(-)-FAR(-)-H(G)-COV(-)-SB(K)-OS(B)-SR(D2) ResidentialMulti FamilyUrban Residential
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