NOT LISTED FOR SALE

8947-49 Troy St Spring Valley, CA 91977

3 Beds
2 Baths
5,960 Sq Ft
21,770 Sq Ft

Last Sold January 31, 2023

Last sale price $1,823,000 $306 Per Sq Ft

16 Days on Market

Highlights

  • 21,770 Sq Ft lot
  • 1-Story Property
  • 2-minute walk to Goodland Acres Park

About This Home

As of January 2023

ASSUMABLE FINANCING AT 2.84%. 8947-49 Troy Street is an 8 unit apartment building located in the community of Spring Valley. The two structures were built in 1969 on a 21,770 square foot lot. The property has strong unit mix of six 2 Bedroom / 1 Bath units and two 1 Bedroom / 1 Bath unit totaling 5,960 rentable square feet. There are 8+ open parking spaces. These spacious units have upside in rents. The financing can be assumed. $1M at 2.84%. Spring Valley is a community in the part of East San Diego County that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) from downtown San Diego via Highway 94. The area offers a diverse geography sharing a landscape of choices, from a touch of urban living to snow dusted slopes in the rural back country in a mild climate influenced by ocean currents and abundant sunshine. Spring Valley is San Diego County’s largest unincorporated community, offering a small-town flavor to each of its residents.

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

  • 0.5

Parking

  • 12 Parking Spaces

Home Design

Interior Spaces

  • 3 Bedrooms
  • 5,960 Sq Ft Home
  • 1-Story Property

Additional Features

  • 0.5 Acre Lot
  • Number of ADU Units: 6

Listing and Financial Details

  • Total Actual Rent $11,830

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Operating Expense $56,595

Property Details

Home Type

Multi-Family

Lot Details

0.5 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Property Sub Type: Com-Res Income
  • CapRate: 4.06
  • Co List Office Mls Id: 990885
  • Living Area: 5960.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-04T00:50:25Z
  • FullAddress: 8947-49 Troy St
  • NumofLeasedApartments: 8
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Garage/Parking

  • Total Parking Spaces: 12.0

Lot Info

  • Lot Size Sq Ft: 21770.0

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 8
  • Annual Operating Expense: 56595.0
  • Total Actual Rent: 11830.0
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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
01/31/2023 01/31/23 Sold $1,823,000 -8.9% $306 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/30/2022 09/30/22 For Sale $2,000,000 -- $336 / 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 $25,633 $1,896,649 $1,092,420 $804,229
2024 $25,633 $1,859,460 $1,071,000 $788,460
2023 $21,709 $1,555,742 $893,501 $662,241
2022 $21,312 $1,525,238 $875,982 $649,256
2021 $21,134 $1,495,332 $858,806 $636,526
2020 $9,810 $571,247 $267,772 $303,475
2019 $9,653 $560,047 $262,522 $297,525
2018 $9,229 $549,067 $257,375 $291,692
2017 $831 $538,302 $252,329 $285,973
2016 $8,341 $527,748 $247,382 $280,366
2015 $8,231 $519,822 $243,667 $276,155
2014 $8,285 $509,640 $238,894 $270,746
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220024908

San Diego MLS
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