East County Apartments for Sale

$1,725,000

3960-68 Helix Street, Spring Valley, CA 91977

For Sale

Multifamily

Active

Last Updated: 10/20/2026

Details:

Cap Rate: 5.7%

NOI: $98,375

Cash-on-Cash: 2.8%

Pro Forma Cap Rate : 6%

Building Size: 5,312 sqft

Lot Area: 16,671 sqft

Occupancy: 100%

Units: 6

GRM: 10.9

Average Room Size: 885 sqft

Year Built: 1959

Price Per Sqft: $324.74

Price Per Unit: $287,500

Seller Financing: No

Parking Spots: 12

Offered by

Cody Evans

Senior Vice President

South Coast Commercial

#01399935

Request Info to Unlock

Highlights:

Rare Detached-Home Layout: Four free-standing homes with garages plus a two-story duplex
In-Unit Laundry Throughout: Every unit features its own laundry, a highly desirable tenant amenity
Garages & Ample Parking: Four single-car garages plus additional on-site parking
Convenient East County Location: Quick access to Highway 94, Downtown San Diego, and regional employment centers
Renovated Interiors & Private Yards: Upgraded interiors complemented by private outdoor space for all six residences
Spacious 2BR Floor Plans: Six large 2-bedroom/1-bath units averaging approximately 885 SF
16,671 SF Lot: Low-density setting with strong residential appeal
Additional Revenue Streams: RUBs utility reimbursements and billboard signage provide supplemental income potential

Description:

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.