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$16,390,000
Est. payment /mo
81 Beds
49 Baths
36,960 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 36,960 sqft
Price per Sqft $443
MLS Listing ID 260019532
Bedrooms 81
Full Baths 48
Half Baths 1
Property Sub-Type Com-Res Income
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.
Location
State CA
County San Diego
Area East County
Interior
Fireplace No
Exterior
Parking Features Carports, Garages
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 578-200-12-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/260002491
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Listed by Jordan A Concepcion, DRE#01936834 Apartment Realty Group (ARG)
Nearby School & Business
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