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9966 Dolores

9966 Dolores St, Spring Valley, CA 91977, USA

Active

$800,000

Five contiguous 2nd-floor office condos - SELLER FINANCING AVAILABLE

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Property Type

Office Condo

Units

5

SqFt

2,093

Price

$800,000

Price/Unit

$160,000

Year Built

1982

Market

Spring Valley

Price/SF

$382

Cap Rate

GRM

Unit Mix

(5) Office Condo

Property Description

SELLER FINACNING AVAILABLE! Top Gun CRE, Inc. is pleased to present a unique portfolio investment opportunity — (5) contiguous 2nd-floor office condos offered for sale individually or as a portfolio. Each unit averages ~419 SF, is currently leased to a business tenant month-to-month, and has been recently upgraded with vinyl flooring or carpet, fresh paint, lighting, and ceiling fans. Each unit includes a wall AC unit and most feature partitioned interior offices plus a reception area. Current rents range from $400 - $575/month.

The units are part of a 19-unit office condo complex with 18 off-street parking spaces. The businesses that operate at the property include engineering, insurance, real estate, construction, and more. HOA dues of ~$65–$75/month per unit cover water, sewer, trash, landscaping, common-area maintenance, and exterior security lighting. Gas and electric are separately metered and paid directly by tenants. Common-area restrooms are located on each floor; building access is via stairwell only (no elevator).

Seller's preferred exit is a two-party simultaneous 1031 exchange into a 4+ unit multifamily property (fixers preferred), but is also open to outright sale — individually or as a portfolio — and will consider seller financing at 5–5.5% interest on a 10-year term.

Contact Agent

Maxim Delbecq, MBA

858.333.7701

DRE # 01964069

Kenneth Herskind

858.699.4013

DRE # 01872460

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Property Details

Property Location

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