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114 Madison Ave
Chula Vista, CA 91910
Multifamily Property For Sale
·
5 Units
Investment Highlights
- (3) Single-Story 1BR/1BA Cottage-Style Units
- Private Yard Space for Multiple Units
- Strong Tenant Appeal
- (2) Rear 2BR/1BA Units
- Extensive Interior & Exterior Renovations
- Turnkey Investment Opportunity
Executive Summary
114 Madison Ave presents a rare opportunity to acquire a beautifully renovated 5-unit multifamily property in a desirable Chula Vista location. The property is comprised of (3) charming single-story 1BR/1BA cottage-style units and (2) spacious 2BR/1BA units situated at the rear of the property.
The front 1BR/1BA residences offer a unique private-home feel with individual yards, attractive layouts, and strong tenant appeal. The rear 2BR/1BA units feature their own rear yard space, providing additional outdoor enjoyment and functionality for residents.
Ownership has spared no expense in renovating the property, creating a highly desirable turnkey asset with thoughtful upgrades and strong curb appeal throughout. The improvements provide a clean, modern living environment while maintaining the property's inviting cottage character.
New ownership will benefit from acquiring a well-maintained and extensively upgraded multifamily property in an established Chula Vista neighborhood with continued long-term rental demand and investment upside.
The front 1BR/1BA residences offer a unique private-home feel with individual yards, attractive layouts, and strong tenant appeal. The rear 2BR/1BA units feature their own rear yard space, providing additional outdoor enjoyment and functionality for residents.
Ownership has spared no expense in renovating the property, creating a highly desirable turnkey asset with thoughtful upgrades and strong curb appeal throughout. The improvements provide a clean, modern living environment while maintaining the property's inviting cottage character.
New ownership will benefit from acquiring a well-maintained and extensively upgraded multifamily property in an established Chula Vista neighborhood with continued long-term rental demand and investment upside.
Property Facts
| Price Per Unit | $419,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.56% | Building Size | 3,100 SF |
| Gross Rent Multiplier | 15.2 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Apartment Style | Low-Rise |
| Price Per Unit | $419,800 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 15.2 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,100 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.97/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,160 | - |
| 2+1 | 2 | $2,505 | - |
Property Taxes
| Parcel Number | 565-161-18 | Improvements Assessment | $640,291 |
| Land Assessment | $902,026 | Total Assessment | $1,542,317 |
Property Taxes
Parcel Number
565-161-18
Land Assessment
$902,026
Improvements Assessment
$640,291
Total Assessment
$1,542,317
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