Investment Overview

Marcus & Millichap is pleased to present 9031 Meghan Court, a newly constructed 5-unit community located in the Spring Valley neighborhood in East San Diego, California. Built in 2024 on 0.68 acres, the property features a desirable unit mix comprised of four (4) four-bedroom / two and a half-bathroom-townhomes with 1,330 square feet, and one (1) four-bedroom / three and a half-bathroom single family residence with 1,459 square feet. Additionally, the property does not have any affordable or deed restricted units which are commonly found on other developments throughout the county. The project’s construction design is luxurious and contemporary with the finished product being superior in quality and kind to all other inventory within the submarket. These stunning custom homes feature plenty of natural sunlight and are appointed with premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, ample closet space, recessed lighting, ceiling fans, split-level HVAC systems, owned solar array, and in-unit washers and dryers. Tenants enjoy large private turf backyards, ample off-street parking with car ports, single and double car garages. Additionally, the property is fully electric with solar providing low utility cost for tenants. Spring Valley is a heavily populated suburban community only 11 miles east of Downtown San Diego. It is the county’s largest unincorporated community, bounded on the northwest by 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), and State Routes 94 and 125 on the western boundary. There are over 1,000 businesses in the community providing a solid local employment base, from family-owned to heavy industry. Residents enjoy proximity to local shops, well-maintained parks and facilities, good schools, and an array of youth, community, and cultural events throughout the year. Downtown San Diego, a Tier-1 employment center, is only a 15-minute drive away. Backed by emerging apartment fundamentals in the submarket, proximity to major employment centers, and the property’s construction quality, the asset provides investors with the rare opportunity to purchase a turn-key asset poised to provide meaningful returns for generations.