Marti Kilby, CRS

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3636 S Cordoba Ave
East County Spring Valley 91977

$2,450,000 /408333.0
Com-Res Income 10,210 sq. ft. built: 40

Main Photo: Property for sale: 3636 S Cordoba Ave in Spring Valley
Photo 1: Property for sale: 3636 S Cordoba Ave in Spring Valley
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
220015953
Year Built:
40
Excellent configuration of oversized 2-2bed 2bath flats, and 4-2bed 2.5bath Townhouses. Each unit comes with attached garage and one additional off-street space. All units have central Heat & A/C, dishwasher, fireplace, washer dryer hook-ups, spacious patios, and individual water heaters. Excellent long term tenants, with huge rental upside, excellent opportunity for long term investor looking to raise rents and improve cash flow in a well positioned sub market of San Diego. Do not walk on property, drive by only (tenants are unaware of sale)
Rental Amount:
10300
Price Per Unit:
408333.0
Total Floor Area:
10,210 sq. ft.
Lot Size:
10,018.8 sq. ft.
County:
San Diego
Market Area:
East County
Number of Buildings:
1
Number of Units:
6
Stories:
2 Story
Num Stories:
2
Unit Type:
Apartment, Townhouse
Year Built:
40
Cap Rate.:
3.2
Gross Multiplier:
19.82
Gross operating income:
119892
Gross scheduled income:
123600.0
Operating expense:
41557
Vacancy & Credit Loss:
3708.0
Projected Cap Rate.:
4.81
Projected Gross Multiplier:
14.9
Projected gross operating income:
159468
Projected gross scheduled income:
164400
Projected net Income:
92019
Projected operating expense:
41557
Projected Vacancy & Credit Loss:
4932.0
Gross equity:
1450000
Motive / Want:
Sell
Financial Information Source:
Other/Remarks
Existing Financing:
Conventional
Google
Short Sale:
No
Listing Type:
Exclusive Right (R)
Parking:
Garages, Spaces
Total Parking Spaces:
12
Cooling:
Central Forced Air Gas
Heating:
Central Forced Air Gas
Construction Material:
Stucco
Roof:
Composition
Floor finish:
Hardwood, Tile, Wall to Wall Carpet
Terms:
Cash to New Loan
Number of Units with Dishwashers:
6
Number of Units with Disposals:
6
Number of Units with Drapes:
6
Number of Units with Garages:
6
Number of Units with Range/Oven:
6
Number of Units with Refrigerators:
6
Number of Leased Appartments:
6
Zoning:
R-3:RESTRI
Parcel Number:
501-247-09-00
Number of Units in Unit 1:
2
Unit 1 Furnished:
0
Total Rent for Unit 1:
3500.0
Bedrooms for Unit 1:
2
Bathroom 1:
2.0
Number of Units in Unit 2:
2
Unit 2 Furnished:
0
Total Rent for Unit 2:
3300.0
Bedrooms for Unit 2:
2
Bathroom 2:
2.5
Number of Units in Unit 3:
2
Unit 3 Furnished:
0
Total Rent for Unit 3:
3500.0
Bedrooms for Unit 3:
2
Bathroom 3:
2.5
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Listed by Sterling Investments Mgmt
Data was last updated July 7, 2022 at 03:10 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$2,500,000
Min list price:
$899,000
Max list price:
$9,900,000
Avg days on market:
38
Min days on market:
1
Max days on market:
446
Avg price per sq.ft.:
$197.12
These statistics are generated based on the current listing's property type and located in East County. Average values are derived using median calculations.

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