$16,390,000

Estimated payment $99,329/month

81 Beds
49 Baths
36,960 Sq Ft
$443 Price per Sq Ft

About This Home

Birch Terrace Apartments is a rare opportunity to acquire a recently renovated 48-unit community in the La Presa neighborhood of Spring Valley with significant upside through potential ADU conversion of existing carports,garage and storage space, a rarity for assets of this scale in San Diego County. Having received the majority of its capital improvements in a 2025 renovation, the property is turnkey and cash-flowing from day one, featuring a strong unit mix of sixteen 1BR/1BA, thirty-one 2BR/1BA, and one 3BR/1.5BA unit, most with in-unit laundry, supporting strong rents and quality tenancy in a high-demand rental corridor near major East County employment centers. A feasibility assessment indicates up to 12 units (approx. 25%) may be eligible for conversion, giving investors a rare combination of day-one stability and a defined, built-in upside strategy in a growing East County market.

Listing Agent

Jordan Concepcion

Apartment Realty Group (ARG) License #01936834 Listed on: 08/10/2026

Property Details

Home Type

  • Multi-Family

Home Design

  • Stucco

Interior Spaces

  • 81 Bedrooms
  • 36,960 Sq Ft Home
  • 2-Story Property

Parking

  • Garage
  • Carport

Community Details

Overview

  • 2 Buildings
  • 48 Units

Building Details

  • Operating Expense $365,786

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 6.04
  • Co List Office Mls Id: 60078
  • Living Area: 36960.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-08-10T17:37:46Z
  • FullAddress: 9249 Birch Street
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 81

Exterior Features

  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Carports, Garages

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 48
  • Annual Operating Expense: 365786.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $148,165 $10,404,000 $5,304,000 $5,100,000
2025 $148,165 $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

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 Prior Sale
08/10/2026 08/10/26 For Sale $16,390,000 +60.7% $443 / Sq Ft
08/28/2024 08/28/24 Sold $10,200,000 -7.3% $286 / Sq Ft View Prior Sale
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

Purchase 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 Type Sale Price Title Company
Grant Deed $10,200,000 Chicago Title
Grant Deed $8,855,000 Corinthian Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Ticor Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Grant Deed $5,550,000 Lawyers Title Company
Grant Deed $1,950,000 Chicago Title
Deed $1,700,000 --
Deed $225,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $8,500,000 New Conventional
Previous Owner $6,859,000 Commercial
Previous Owner $5,740,000 Commercial
Previous Owner $3,933,750 Commercial
Previous Owner $3,506,000 Commercial
Previous Owner $3,607,500 Commercial
Previous Owner $1,600,000 Commercial
Previous Owner $500,000 Commercial
Previous Owner $1,500,000 Commercial
Previous Owner $1,462,000 Commercial
Source: Public Records

Source: San Diego MLS

MLS Number: 260019532

San Diego MLS

APN: 578-200-12-00

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