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Mixed-Use

10791 & 10793 Jamacha Blvd

10791 Jamacha Blvd, Spring Valley, CA 91978

Listing Price: $4,100,000

Cap Rate
1.89%
Number of Units
14
Occupancy
3.0%
Price/Unit
$292,857
Price/Gross SF
$318.20
Gross SF
12,885

Investment Overview

We are pleased to exclusively present 10791 & 10793 Jamacha Blvd, two mixed-use multi-family & commercial properties on separate and contiguous parcels in Spring Valley, California. The assets feature 1990 two-story pitched roof construction, on 2 separate parcels totaling 0.79-acres, with a combined mix of 10 one-bedroom / one-bathroom apartment units averaging 480 sqft, 5 studio apartment units averaging 400 sqft, and 9 commercial suites ranging from 400 to 1,240 sqft. The properties are ideally located on Jamacha Boulevard, a major thoroughfare within the submarket, at the signalized intersection with Cavalo Drive, with great street front visibility, ample off-street parking for both commercial and residential tenants, and added potential to reconfigure the commercial suites into Accessory Dwelling Units (ADUs). Spring Valley is a heavily populated suburban community 11 miles east of San Diego. It is the county’s largest unincorporated community and is bounded on the northwest by the cities of La Mesa and Lemon Grove, and the southern portion is bounded by the city of San Diego. Spring Valley is served by the Metropolitan Transit System (MTS) for connections to and from the community, and State Routes 94 and 125 on the western boundary. Spring Valley residents and visitors enjoy well-maintained parks and facilities, good schools, and an array of youth, community, and cultural events throughout the year. There are over 1,000 businesses in the community providing a solid local employment base, from family-owned to heavy industry. The subject properties present the opportunity for an investor to purchase adjacent mixed-use assets, embedded with the security of diversification, with a desirable balance of multifamily and commercial suite configurations. Tenants enjoy proximity to local shopping, parks, recreation, and downtown San Diego, a Tier-1 employment center, is only a 15-minute drive away.

Investment Highlights

  • True value-add opportunity with ability to capture significant rental upside by implementing interior renovations and community enhancements
  • Attractive diversification across multi-family & multi-tenant commercial uses; 50% multi-family & 50% commercial
  • Potential opportunity to convert ground floor commercial to Accessory Dwelling Units (ADUs)
  • Features 1990 construction, signalized corner location, and ample off-street parking for residential and commercial tenants
  • Immediate potential to capitalize on increased market lease rates; 37% of commercial space rolls over in October 2022
  • Convenient access to the 94 and 125 freeways, and downtown San Diego, a Tier-1 employment center, is just 15-minutes away

Exclusively Listed By

Financing By

Mixed-Use

10791 & 10793 Jamacha Blvd

Listing Price: $4,100,000

Cap Rate
1.89%
Number of Units
14
Occupancy
3.0%
Price/Unit
$292,857
Price/Gross SF
$318.20
Gross SF
12,885

Investment Highlights

  • True value-add opportunity with ability to capture significant rental upside by implementing interior renovations and community enhancements
  • Attractive diversification across multi-family & multi-tenant commercial uses; 50% multi-family & 50% commercial
  • Potential opportunity to convert ground floor commercial to Accessory Dwelling Units (ADUs)
  • Features 1990 construction, signalized corner location, and ample off-street parking for residential and commercial tenants
  • Immediate potential to capitalize on increased market lease rates; 37% of commercial space rolls over in October 2022
  • Convenient access to the 94 and 125 freeways, and downtown San Diego, a Tier-1 employment center, is just 15-minutes away

Investment Overview

We are pleased to exclusively present 10791 & 10793 Jamacha Blvd, two mixed-use multi-family & commercial properties on separate and contiguous parcels in Spring Valley, California. The assets feature 1990 two-story pitched roof construction, on 2 separate parcels totaling 0.79-acres, with a combined mix of 10 one-bedroom / one-bathroom apartment units averaging 480 sqft, 5 studio apartment units averaging 400 sqft, and 9 commercial suites ranging from 400 to 1,240 sqft. The properties are ideally located on Jamacha Boulevard, a major thoroughfare within the submarket, at the signalized intersection with Cavalo Drive, with great street front visibility, ample off-street parking for both commercial and residential tenants, and added potential to reconfigure the commercial suites into Accessory Dwelling Units (ADUs). Spring Valley is a heavily populated suburban community 11 miles east of San Diego. It is the county’s largest unincorporated community and is bounded on the northwest by the cities of La Mesa and Lemon Grove, and the southern portion is bounded by the city of San Diego. Spring Valley is served by the Metropolitan Transit System (MTS) for connections to and from the community, and State Routes 94 and 125 on the western boundary. Spring Valley residents and visitors enjoy well-maintained parks and facilities, good schools, and an array of youth, community, and cultural events throughout the year. There are over 1,000 businesses in the community providing a solid local employment base, from family-owned to heavy industry. The subject properties present the opportunity for an investor to purchase adjacent mixed-use assets, embedded with the security of diversification, with a desirable balance of multifamily and commercial suite configurations. Tenants enjoy proximity to local shopping, parks, recreation, and downtown San Diego, a Tier-1 employment center, is only a 15-minute drive away.

Exclusively Listed By

Financing By

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