Seller's Agent in 2024
Benn Vogelsang
NorthMarq Multifamily
(415) 250-4947
5 in this area
104 Total Sales
9249 Birch St Spring Valley, CA 91977
6
Beds
3
Baths
35,618
Sq Ft
1.23
Acres
About This Home
As of August 2024ASSUMABLE FINANCING AT 2.92%. Market 6.53% Cap Rate. Birch Terrace is a 48-unit apartment building located in the community of La Presa in Spring Valley. The 35,618 square feet of structures were built in 1984 on a 53,579 square foot lot. The property has strong unit mix of one 3 Bedroom / 1.5 Bath unit, thirty-one 2 Bedroom / 1 Bath units and sixteen 1 Bedroom / 1 Bath units. There are 71+ covered and surface parking spaces. The property features common laundry facilities, additional storage units, and a double garage. The units are spacious and feature dishwashers and A/C units.
Last Agent to Sell the Property
NorthMarq Multifamily License #01883437 Listed on: 09/09/2022
Property Details
Home Type
- Multi-Family
Lot Details
- 1.23
Parking
- 71 Parking Spaces
Home Design
Interior Spaces
- 6 Bedrooms
- 35,618 Sq Ft Home
- 2-Story Property
Additional Features
- 1.23 Acre Lot
- Number of ADU Units: 1
Listing and Financial Details
- Total Actual Rent $84,062
Community Details
Overview
- 2 Buildings
- 48 Units
Building Details
- 48 Leased Units
- Operating Expense $337,240
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2024 08/28/24 | Sold | $10,200,000 | -7.3% | $286 / Sq Ft |
| 04/04/2024 04/04/24 | Pending | -- | -- | -- |
| 03/23/2024 03/23/24 | Price Changed | $11,000,000 | -2.5% | $309 / Sq Ft |
| 01/30/2023 01/30/23 | Price Changed | $11,280,000 | -1.9% | $317 / Sq Ft |
| 01/03/2023 01/03/23 | For Sale | $11,500,000 | 0.0% | $323 / Sq Ft |
| 01/02/2023 01/02/23 | Pending | -- | -- | -- |
| 11/19/2022 11/19/22 | Price Changed | $11,500,000 | -4.2% | $323 / Sq Ft |
| 10/06/2022 10/06/22 | Price Changed | $12,000,000 | -3.8% | $337 / Sq Ft |
| 09/30/2022 09/30/22 | For Sale | $12,480,000 | -- | $350 / 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 | $135,281 | $10,231,680 | $5,200,000 | $5,031,680 |
| 2024 | $135,281 | $9,492,415 | $4,889,239 | $4,603,176 |
| 2023 | $130,889 | $9,306,290 | $4,793,372 | $4,512,918 |
| 2022 | $128,495 | $9,123,815 | $4,699,385 | $4,424,430 |
| 2021 | $127,431 | $8,944,918 | $4,607,241 | $4,337,677 |
| 2020 | $99,858 | $6,915,924 | $2,698,897 | $4,217,027 |
| 2019 | $98,369 | $6,780,319 | $2,645,978 | $4,134,341 |
| 2018 | $87,337 | $6,000,000 | $2,434,000 | $3,566,000 |
| 2017 | $85,996 | $6,000,000 | $2,434,000 | $3,566,000 |
| 2016 | $83,642 | $6,000,000 | $2,434,000 | $3,566,000 |
| 2015 | $67,351 | $4,560,000 | $1,850,000 | $2,710,000 |
| 2014 | $67,320 | $4,560,000 | $1,850,000 | $2,710,000 |
Source: Public Records
Agents Affiliated with this Home
-
Benn Vogelsang
Map
Source: San Diego MLS
MLS Number: 220024909
APN: 578-200-12-00
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