Sold

3827 Conrad Drive

Spring Valley CA, 91977

$11,650,000


$315.21 per sqft

Sold

5 Beds

36,960 sqft

Commercial

Spring Valley 44, a 44-unit apartment community, located in the Casa de Oro neighborhood of Spring Valley. Built in 1971, the property features 17 one-bedroom/ one-bathroom units, 11 two-bedroom/one-bathroom units, and 16 two-bedroom/ two-bathroom units. Spring Valley 44 is comprised of four buildings and is located on a 1.05-acre lot. Spring Valley 44 offers investors the opportunity to acquire a stable asset in a preferred Casa de Oro community with the ability to continue to capture upside in rental income through renovation of the units. The immediate surrounding community is comprised of residential housing, schools, and local retail outlets. Residents will enjoy the Property's many common area amenities, including open parking, gated swimming pool, and on-site laundry facilities. Each unit has a generous amount of square footage and feature fully equipped kitchens with dishwashers, private patios (select units), and upgraded LVT (faux wood) flooring (select units). Located 11 miles East of San Diego, Spring Valley is the country's largest unincorporated community and it is comprised of rolling hills and countryside. Named for the fresh water spring located there, the community boasts an enviable climate influenced by ocean currents and winter temperatures averaging 61 degrees. Residents enjoy the country feel, but have close proximity to employment, dining and retail via the 94 and 125 freeways.

220024073

MLS ID

September 9, 2022

Listed

February 15, 2024

Updated

Map

3827 Conrad Drive
Spring Valley CA, 91977

Interior Features

Total Stories

2


Bedrooms

5 Beds


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

No

Exterior/Building Features

Lot Features

Landscaped

Other Property Details

Area Name

East County


Days on Market

168


Garage

No


Parking

Spaces


Parking Total

40


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

0.75%

Listing History

Date

Event

Price

5/30/2023

Price Change

$11,650,000

-5%

5/30/2023

Sold

$11,650,000

Listed by Endeavor, Chris Roberson,
Listing Contact: 619-559-7002 

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