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$1,725,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260018754SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Looking for a deal that actually pencils? 3960-68 Helix offers a residential environment rarely found in traditional multifamily communities: four detached single family homes, each with its own single car garage, along with a two story duplex. Ample on site parking, private outdoor areas, & strong curb appeal further reinforce the property's residential character. All six units have been thoughtfully renovated with dual pane windows, quartz countertops, new cabinetry & vanities, luxury vinyl plank flooring, & scraped ceilings. Every residence also includes a private yard & in unit laundry. Combined with well maintained improvements & a desirable unit mix, the property delivers a living experience that supports strong tenant retention & long term occupancy. Beyond base rental income, the property benefits from two additional revenue streams that enhance overall returns. A Ratio Utility Billing System (RUBS) allows the owner to recapture a portion of water, sewer, & trash expenses directly from tenants based on occupancy, square footage, or a similar allocation method, reducing the property's net expense load without the capital cost of individually metering each unit. The property also generates billboard & signage income, providing a stable, non rental revenue stream that is largely insulated from vacancy & turnover risk. Together, these ancillary income sources supplement in place rents & give investors a diversified, less rent dependent income profile — a compelling feature for a value add asset of this size.
Location
State CA
County San Diego
Area 91977 - Spring Valley
Interior
Fireplace No
Exterior
Total Parking Spaces 12
Others
Tax ID 5043110700
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Listed by Cody Evans South Coast Commercial, Inc. #01399935
Nearby Locations
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