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9062 Kenwood Dr, Spring Valley, CA 91977
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9062 Kenwood Dr Spring Valley, CA 91977

$5,650,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$5,650,000 Get Pre-Qualified
Map preview of 9062 Kenwood Dr, Spring Valley, CA 91977

Property Overview: 9062 Kenwood Dr Spring Valley, CA has -- bedrooms, -- bathrooms, -- living square feet and 25,265 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The Kenwood is a 20-unit apartment building located in Spring Valley at 9062 Kenwood Drive. The 15,440 square feet of structures were built in 1978 and are situated on a 25,265 square foot lot. The property has a strong unit mix of four 2 bedroom / 2 bathroom, fourteen 2 bedroom / 1 bathroom and two 1 bedroom / 1 bathroom units. There are approximately 27 parking spaces with gated access. Featured amenities include air conditioning, dishwashers, and patios on downstairs units. Plank flooring and stainless-steel appliances were recently added. There are also laundry facilities and a BBQ picnic area on site. New landscaping was just improved and there is ADU potential.

Listed by Benn Vogelsang | BRE #01883437 | NorthMarq Multifamily
Co-listed by Erik Anderson | BRE #01991182 | NorthMarq Multifamily
Last checked: 14 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
25,265
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
240009603SD
City
Spring Valley
County
San Diego
Time on Site
17 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: --
  • # of Beds: --
  • # of Baths: --
  • Total Rent: $8,136
Unit Breakdown 2
  • # of Units: --
  • # of Beds: --
  • # of Baths: --
  • Total Rent: $28,126
Unit Breakdown 3
  • # of Units: --
  • # of Beds: --
  • # of Baths: --
  • Total Rent: $3,500
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.91%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $519,120
  • Net Operating Income: $334,158
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $169,389

Open Houses for 9062 Kenwood Dr

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Property Details for 9062 Kenwood Dr

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • No Heating
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 27
Property Information
  • Total # of Units: 20
  • Parcel Number: 5043021600
View more facts & features

Local Spring Valley Agent

Sale History for 9062 Kenwood Dr

Last sold for $4,850,000 on December 30th, 2021

  • May, 2024

  • May 2, 2024

    Date

    Active

    CRMLS: 240009603SD

    $5,650,000

    Price

  • June, 2023

  • Jun 12, 2023

    Date

    Canceled

    CRMLS: 230007332SD

    $6,195,000

    Price

  • Apr 21, 2023

    Date

    Active

    CRMLS: 230007332SD

    $6,195,000

    Price

  • Listing provided courtesy of CRMLS

    Current Cap: 5.05% | Year 1 Cap: 5.74% | Pro-Forma Cap: 6.1%. 3.25% Assumable loan with Chase Bank. 90% 2BR Units! Unit mix of (14) 2 BR/2BA, (4) 2 BR/1BA and (2) 1 BR/1BA. Across from Blackstone/ TrueAmerica’s VALLE, a 161 unit, institutionally owned apartment portfolio. 20 Unit gated apartment community with quick upside potential. Interior & exterior improvements made to all units. Landscaping upgrades in progress (low maintenance / low water XERISCAPE). Ample parking, On-site laundry. ADU potential. Please contact brokers for Offering Memorandum and details.

  • December, 2021

  • Dec 30, 2021

    Date

    Sold

    CRMLS: 210019939

    $4,850,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: 210019939

    $4,850,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2013

  • Mar 7, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

  • June, 2006

  • Jun 5, 2006

    Date

    Sold (Public Records)

    Public Records

    $2,175,000

    Price

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Tax History for 9062 Kenwood Dr

Assessed Value (2020): $2,139,365
Year Land Value Improved Value Assessed Value
2020 $1,013,383 $1,125,982 $2,139,365

Home Value Compared to the Market

This property vs the competition

9062 Kenwood Dr is listed 653.43% higher than the median list price for the city of Spring Valley which has a median list price of $749,900.

About 9062 Kenwood Dr

Detailed summary of property

9062 Kenwood Dr is a mixed use located in Spring Valley, CA 91977 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 25,265 square foot lot. 9062 Kenwood Dr was first listed on ArdentRealEstateGroup.com on May 2, 2024. The homeowner is currently asking $5,650,000. The median priced home in Spring Valley is $749,900 with a median price per square foot of $468. Based on Ardent Real Estate Group's Spring Valley Market Data, this home is listed 653.43% higher than the median priced home. Local competing homes currently for sale include 880 N Diamond Bar Blvd, 18732 Corby Ave and 1600 Long Beach Blvd. While the average home in Spring Valley, CA is selling in 81 days, 9062 Kenwood Dr has a days on market of 12 days. There are currently 143 homes for sale in the Spring Valley real estate market and 110 of them are single family homes while 21 of them are condos and 12 are townhomes. For more information on this home for sale at 9062 Kenwood Dr Spring Valley, CA 91977 contact Ardent Real Estate Group and we will put you in touch with one of our Spring Valley agents.

Public Facts for 9062 Kenwood Dr

Public county record property details
Beds
--
Baths
--
Year built
1979
Sq. Ft.
15,440
Lot Size
25,264
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
San Diego
Lot#
47
APN
504-302-16-00

The source for these homes facts are from public records.

91977 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$748,000
Median List Price/Sq.Ft.
$467
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$505
Total Inventory
127
Median Sale to List Price %
99.29%
Avg Days on Market
17
Loan Type
Conventional (57.14%), FHA (19.05%), VA (19.05%), Cash (4.76%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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