$8,000,000
$9,500,000
15.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/08/2024
Key Details
Sold Price $8,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230020422
Sold Date 04/08/24
Property Description
We are pleased to present 9550 Campo Rd. This property offers 47 residential units. Built in 1986, this well-maintained property consists of (32) One Bedroom / One Bath units & (15) Studios. Large parking lot located in the rear of the building offering 24 parking spaces. Laundry facilities are on site along with a community courtyard recreation area. 9550 Campo Rd. offers investors the opportunity to upgrade the interior and exterior of the property and increase rents to maximize their return on investment. The subject benefits from close proximity to the 94 Freeway and numerous stores and restaurants. This asset presents significant rental upside and is extremely easy to manage given the current tenant profile. The property is restricted to senior tenants (55+). There are no income-related restrictions.
Location
State CA
County San Diego
Area Spring Valley (91977)
Interior
Cooling Wall/Window
Exterior
Garage Spaces
Roof Type Composition
Building
Story 2
Others
Space Rent $600,000
Financing Cash
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Bought with Jeff Diller • South Coast Commercial, Inc.