NOT LISTED FOR SALE

8707 Troy St Spring Valley, CA 91977

2 Beds
1 Bath
27,300 Sq Ft
0.9 Acres

Last Sold May 03, 2023

Last sale price $6,315,000 $231 Per Sq Ft

35 Days on Market

About This Home

As of May 2023

ASSUMABLE FINANCING AT 2.98%. Vista de Helix is a 28 unit apartment complex that consists of 27,300 rentable square feet built in 1978 situated on a 39,204 square foot lot with approximately 46 parking spaces. There are 3 buildings with a unit mix that consists of all large 800-975 square foot 2 Bedroom / 1 Bath units as well as leased onsite laundry facilities with 4 washers and 4 dryers. The property is secured by an automatic parking gate in front and features a rear yard area and a central pool. Previous ownership has made significant exterior, interior and systems upgrades. Most of the units have been remodeled but there is still additional upside in the rents. The units feature a private balcony or patio, ceiling fans, electric wall heaters, A/C units and multiple hallway closets. Select units have dishwashers.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 09/12/2022

Last Buyer's Agent

OUT OF AREA OUT

OUT OF AREA - NON MEMBER License #09999915

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.9

Parking

  • 46 Parking Spaces

Home Design

Interior Spaces

  • 2 Bedrooms
  • 27,300 Sq Ft Home
  • 2-Story Property

Additional Features

  • 0.9 Acre Lot
  • Number of ADU Units: 28

Listing and Financial Details

  • Total Actual Rent $49,288

Community Details

Overview

  • 3 Buildings
  • 28 Units

Building Details

  • 28 Leased Units
  • Operating Expense $215,453

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 5.12
  • Co List Office Mls Id: 990885
  • Living Area: 27300.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-03T23:53:22Z
  • FullAddress: 8707 Troy Street
  • NumofLeasedApartments: 28
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2

Garage/Parking

  • Total Parking Spaces: 46.0

Lot Info

  • Lot Size Sq Ft: 39204.0

Multi Family

  • Number Of Buildings: 3
  • Number Of Units Total: 28
  • Annual Operating Expense: 215453.0
  • Total Actual Rent: 49288.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2023 05/03/23 Sold $6,315,000 -9.8% $231 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
10/05/2022 10/05/22 Price Changed $7,000,000 -3.8% $256 / Sq Ft
09/28/2022 09/28/22 For Sale $7,280,000 +27.4% $267 / Sq Ft
08/26/2020 08/26/20 Sold $5,716,500 -3.9% $209 / Sq Ft View Prior Sale
07/20/2020 07/20/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $5,950,000 -- $218 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $88,633 $6,570,126 $2,720,646 $3,849,480
2024 $88,633 $6,441,300 $2,667,300 $3,774,000
2023 $81,540 $5,947,446 $2,288,880 $3,658,566
2022 $80,120 $5,830,830 $2,244,000 $3,586,830
2021 $79,427 $5,716,500 $2,200,000 $3,516,500
2020 $68,923 $5,025,000 $2,175,000 $2,850,000
2019 $33,505 $1,953,362 $741,614 $1,211,748
2018 $31,994 $1,915,062 $727,073 $1,187,989
2017 $831 $1,877,513 $712,817 $1,164,696
2016 $29,239 $1,840,700 $698,841 $1,141,859
2015 $28,975 $1,813,052 $688,344 $1,124,708
2014 $28,556 $1,777,538 $674,861 $1,102,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220024629

San Diego MLS

APN: 503-280-10-00