3960-68 Helix St, Spring Valley, CA 91977
3960-68 Helix St, Spring Valley, CA 91977
3960-68 Helix St, Spring Valley, CA 91977
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$1,725,000
Est. payment /mo
12 Beds
6 Baths
5,312 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Pending

Purchase Type For Sale

Square Footage 5,312 sqft

Price per Sqft $324

MLS Listing ID 260018754

Bedrooms 12

Full Baths 6

Property Sub-Type Com-Res Income

Property 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.

Location

State CA

County San Diego

Area East County

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 12

Building

Story 2

Others

Senior Community No

Tax ID 5043113500

Virtual Tour https://www.propertypanorama.com/instaview/snd/260018754

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MLS Router / San Diego MLS
Listed by Cody J Evans, DRE#01399935 South Coast Commercial, Inc. 

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3960-68 Helix St