Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1975
Building Area
Land Area ()
Number of units 6

Property Description

913 Grand Ave is a unique 6 unit property located on a .17 acre lot in Spring Valley. The community is located east of Downtown, bordering the Sweet Valley Reservoir and San Diego National Wildlife Refuge. Residents enjoy access to on-site gated parking.

Investment Highlights

  • Value Add Opportunity
    • 913 Grand Ave represents an attractive value add opportunity. Rents are currently estimated at 43% below market rents. This provides new ownership with the opportunity to immediately create value through renovation and marking rents to market.
  • High Demand Rental Market
    • Spring Valley currently has a vacancy rate of 2.5%. Vacancy has stayed under 5.0% for the past 9 years and is projected to stay sub 3.0%, reflecting the high rental demand in the market.
  • Continued Rent Growth
    • Average rent in Spring Valley grew 4.1% to $1,556 in 2020. Average rent in Spring Valley is projected to surpass $1,600 in 2021.
Last Updated Date: 30 Mar 2021
Christopher Collins
Christopher Collins
Director, Capital Markets
License details
CA - 01927590
Kip Malo
Kip Malo
Director, Capital Markets
License details
CA-01807972

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Last Updated Date: 30 Mar 2021

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