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3634 S Barcelona Street

Spring Valley, CA 91977
  • $1,995,000
  • STATUS: ACTIVE
  • ON SITE: 121 Days
  • ID#: 230015274
UPDATED: 142 min ago
$1,995,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are proud to present the incredible investment opportunity at 3634 Barcelona Street! This multifamily property, presents a unique chance to own a profitable portfolio. With 7 units available, this property offers excellent income potential and long-term growth prospects. Each unit has been well maintained, ensuring an attractive living space for tenants. The unique design and convenient amenities make this property highly desirable in the rental market. Located in a prime location, 3634 Barcelona Street is surrounded by bustling neighborhoods and vibrant retailers. From trendy cafes to vibrant shops, residents will enjoy easy access to a wide range of entertainment and amenities. Its highly sought-after address makes it an enticing investment for both seasoned investors and first-time buyers.

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San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/142206680
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3634 S Barcelona Street Spring Valley, CA 91977

  • Price: $1,995,000
  • Status: ACTIVE
  • On Site: 121 Days
  • Updated: 142 min ago
  • ID#: 230015274
2
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
We are proud to present the incredible investment opportunity at 3634 Barcelona Street! This multifamily property, presents a unique chance to own a profitable portfolio. With 7 units available, this property offers excellent income potential and long-term growth prospects. Each unit has been well maintained, ensuring an attractive living space for tenants. The unique design and convenient amenities make this property highly desirable in the rental market. Located in a prime location, 3634 Barcelona Street is surrounded by bustling neighborhoods and vibrant retailers. From trendy cafes to vibrant shops, residents will enjoy easy access to a wide range of entertainment and amenities. Its highly sought-after address makes it an enticing investment for both seasoned investors and first-time buyers.
Interior Features

Sq Ft Of Improvement 5250

Property Features

Actual Cap Rate 5.29 Actual Cash Flow 105586 Actual Cash On Cash 19467 Actual Fl Ins Expense 1973 Actual Gardener Expense 1200 Actual Gas And Electric 750 Actual Gross Operating Income 157221 Actual Gross Scheduled Income 159300.0 Actual Maintenance Expense 5950 Actual Mgr Expense 7861 Actual Operating Expense 51635 Actual Taxes Expense 26211 Actual Total Pi Pay 86119 Actual Trash Expense 2940 Actual Vacancy And Credit Loss 4779 Actual Water Sewer Expense 3000 Assumable Finance 0 Buildings 1 Complex Features Other/Remarks Gross Equity 0 Gross Multiplier 12.52 Have 7 Unit Apartment Mandatory Remarks None Known Market Area East County Motive Want Sell Other Income Actual 2700 Projected Annual Pi Expense 86119 Projected Cap Rate 6.1 Projected Cash Flow 35524 Projected Cash On Cash 35524 Projected Gross Multiplier 11.31 Projected Gross Operating Inc 173808 Projected Gross Scheduled Inc 176400 Projected Net Income 121644 Projected Operating Expense 52164 Projected Other Income 2700 Projected Vacancy And Credit Loss 5292 Short Sale No Unit Number1 7 Unit Rent Total1 13275 Unit Rent1 1760 - 1995

San Diego MLS logo Listing provided courtesy of Aaron Bove of Marcus & Millichap: 858-945-7094. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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