3960 Helix St,Spring Valley, CA 91977
Spring Valley, CA 91977
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.
Details
| MLS # | 260018754SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 41 |
| Listing Provided By | South Coast Commercial, Inc. | Cody Evans |
Features
| Units | 6 |
|---|---|
| Building(s) | 5 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | Spring Valley |
| Zip Code | 91977 |
| Area | 91977 Spring Valley |
| Listing VS Median (in 91977) | |
Price: $1,725,000 low | high Med: $700,000 On site: 41 low | high Med: 72 | |
Market Activity 91977
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | Spring Valley |
| Zip Code | 91977 |
| Area | 91977 Spring Valley |
| Listing VS Median (in 91977) | |
Price: $1,725,000 low | high Med: $700,000 On site: 41 low | high Med: 72 | |
