NOT LISTED FOR SALE
3 Beds
2 Baths
5,960 Sq Ft
0.5 Acre Lot

Sale Details

Date 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

  • 21,770 Sq Ft 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
  • SDMLS_NumofADUUnits: 6.0
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $26,740 $1,934,581 $1,114,268 $820,313
2025 $26,740 $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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