9249 Birch Street, Spring Valley, CA 91977
- $16,390,000
- List Price
- $16,390,000
- Status
- ACTIVE
- MLS#
- 260019532SD
- Days on Market
- 1
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
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.
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Additional Information
- Cooling
- Yes
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 48
- Gross Scheduled Income
- $1,398,480
- Operating Expense
- 365786
Listing courtesy of Listing Agent: Jordan Concepcion (jordan.concepcion@arg1031.com) from Listing Office: Apartment Realty Group (ARG).
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.