9922 34 Buena Vista Drive
Spring Valley, CA, 91977 $ 1,800,000
Baths0.0 Sq 3,657 Monthly Estimate*
$ 11,365
Listed by Lee & Associates
Studio for $1,800,000. This 3,657 square foot home was built in 1946 on a lot size of 0.2053.
Lee & Associates Multifamily Group - North San Diego County is pleased to present Buena Vista Apartments, a 7-unit multifamily investment opportunity located at 9922-9934 Buena Vista Drive, Spring Valley, California. The property consists of seven apartment units totaling approximately 3,657 square feet situated on an 8,943 square foot lot, featuring a desirable unit mix of (3) two-bedroom/one-bath units and (4) one-bedroom/one-bath units. Built in 1946, Buena Vista Apartments offers investors a rare opportunity to acquire a well-located East County asset with stable in-place income and significant value-add potential. The property benefits from separate gas and electric metering, reducing landlord utility expenses while providing operational efficiency. Additional amenities include eight on-site parking spaces, a rear parking/storage area, and on-site laundry facilities, all contributing to tenant retention and strong marketability. Several units have been renovated, allowing a new owner to continue implementing upgrades and capture additional rental upside. Strategically located in the heart of Spring Valley, the property offers residents convenient access to State Route 94, Interstate 125, Downtown San Diego, La Mesa, and Chula Vista, as well as nearby shopping, dining, schools, parks, and employment centers. Spring Valley continues to benefit from strong rental demand driven by its affordability relative to the broader San Diego market and its central East County location. Buena Vista Apartments presents an attractive investment opportunity featuring a proven unit mix, utility efficiency, ample parking, and a clear path to increased cash flow through continued property improvements and rental growth. Investors will benefit from both immediate income and long-term appreciation potential in one of San Diego County's most established rental submarkets. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.
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FeaturesGeneralSewer Public Sewer
Zoning RM-3
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1946
Gross Income 148789
Community Features Curbs Dog Park
County San Diego
Net Operating Income 94169
Operating Expense 54124
Insurance Expense 4900
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions SR-94 East exit Spring Valley north on Sweetwater Springs Blvd left on Buena Vista Dr.
City Spring Valley
Entry Location Back and Front
Senior Community Y/N false
Number Of Units Total 7
MLS Area 91977 - Spring Valley
Lot Size Units Square Feet
Lot Size Square Feet 8943
Listing Terms Cash Conventional
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 2150
Water Sewer Expense 3148
Rent Control Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2605767
Building Area Units Square Feet
Standard Status Active
Tax Lot 344
Taxes 22990
Cap Rate 5.23
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
Total Baths 0
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ExteriorLot Features 11-15 Units/Acre
Total Parking 0
Lot Size Area 8943
Number of Buildings 1
Spa false
Building Area Total 3657
Lot Size Acres 0.2053
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded FeaturesList Byevb@lee-associates.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,365
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Spring Valley, CA
Average List Price $1,309,809
Percent of Sale Price 27%
About Spring Valley, CA 705 Population
22% Since 2002
$ 62,332 Median Income
55.27 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/14/2026 | $1,800,000 | -5.26% | Price Down |
| 7/7/2026 | $1,900,000 | -5.00% | Price Down |
| 6/29/2026 | $2,000,000 | -9.09% | Price Down |
| 6/26/2026 | $2,200,000 | -4.35% | Price Down |
| 6/16/2026 | $2,300,000 | | Listed Price |