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John Ronis,Senior Investment AdvisorCAL DRE# [email protected](619) 565-5616
© 2019 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServicessymbol are registered service marks of HomeServices of America, Inc. ® Information not verified or guaranteed. If your property is currentlylisted with a Broker, this is not intended as a solicitation.
9918-20 Buena Vista Drive Spring Valley, CA 91977
Fawn MasonInvestment AdvisorCAL DRE# [email protected](619) 573-2068
Property Highlights:Detached Front UnitGreat Unit MixPlenty of On and Off-Site ParkingNew Roof and Paved Parking Lot
New roof and paved parking lot with 8 spaces Located in the desirable area of Casa De OroAvocado Estates in Spring Valley
Tremendous Value AddOpportunity
MLS# 190047635
FOR SALE: 5 Unit Apartment Building
9918-20 Buena Vista DriveSpring Valley, CA 91977
$939,000
9918-20 Buena Vista Drive
John Ronis,Senior Investment AdvisorCAL DRE# [email protected](619) 565-5616
The community of Casa de Oro is locatedtwelve miles east of San Diego, and iscentrally located between the towns ofSpring Valley and La Mesa. It is in closeproximity to popular hiking trails likeMount Helix and Cowles Mountain forthose who are adventurous and love theoutdoors.
Fawn MasonInvestment AdvisorCAL DRE# [email protected](619) 573-2068
FINANCIAL ANALYSIS5 Units in
Spring Valley
Sales Price: $939,000
3% VacancyEffective Gross IncomeLess: Expenses Net Operating IncomeCAP Rate
$60,000$17,480
$42,520
4.5%
$2,394$77,406$23,720
$53,686
5.7%
Gross Scheduled IncomeActual Pro Forma
$60,000 $79,800
Annual Operating Expenses
Utilities (SDG&E)Utilities (Water)TrashTaxesInsuranceRepairs and Maintenace
$1,620$3,600$1,800$5,960$1,500$3,000
$17,480
Rent Rolls
Detached 1 Bedroom / 1 BathUnit A 1 Bedroom / 1 BathUnit B 2 Bedroom / 1 BathUnit C 1 Bedroom / 1 BathUnit D 2 Bedroom / 1 Bath
Total
$1,000$900
$1,100$900
$1,100
$5,000
$1,250$1,150$1,550$1,150$1,550
$6,650
$1,620$3,600$1,800
$11,700$2,000$3,000
$23,720
Loan Example
Down Payment 40%Loan AmountInterest RateMonthly PaymentDSCR AmountAnnual Debt ServiceAnnual Cash FlowCash on Cash Return
$375,600$563,400
4%$2,975
1.5$35,686$22,200
5.9%
Total
This information is deemed reliable. We make no guarantee, warranty or representation. Loan information provided by our trusted loan advisor Nick Schoch (760) 201-6758.
PROPERTY SUMMARY
PROPERTY OVERVIEW
The John Ronis Group is pleased to bring to market this unique value add opportunity in the desirable areaof Casa De Oro Avocado Estates in Spring Valley. This property has an incredible upside and could beperfect for an owner occupant with a detached one bedroom house in the front and 4 additional units in theback consisting of (2) one bedrooms and (2) two bedrooms. Brand new roof and repaved parking lot with 8spaces on a 10,000+ square foot lot. Conveniently located off highway 94.
YEAR BUILT:ZONING:APN:MLS:
1999R-3501-248-16-00190047635
SALES PRICE:# OF UNITS:BUILDING SIZE:LOT SIZE:
$939,00053,26410,143
John Ronis,Senior Investment AdvisorCAL DRE# [email protected](619) 565-5616
Fawn MasonInvestment AdvisorCAL DRE# [email protected](619) 573-2068