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134-138 5th Ave 7 Unit Apartment Building $2,599,000 ($371,286/Unit) 5.95% Cap Rate Chula Vista, CA 91910
INVESTMENT HIGHLIGHTS
- Recently Renovated (2022) – Modern updates throughout all 7 units.
- Three Separate Structures – Enhanced privacy and tenant separation.
- Large 15,000 SF Lot – Ample surface parking for all tenants.
- Upgraded Interiors – New paint, quartz countertops, and brand-new appliances.
- On-Site Laundry – Convenient amenity for residents.
- Prime Chula Vista Location – Easy access to I-5 & SR-54 freeways.
EXECUTIVE SUMMARY
Introducing a recently renovated 7-unit property, updated in 2022. Each unit features new interior paint, modern kitchens with quartz countertops, and brand-new appliances. With 3 separate structures, tenants enjoy enhanced privacy and separation. Convenient on-site laundry adds to the ease of living. Situated on a massive 15,000 sq ft lot, there is ample parking for all residents. Ideally located near the 5 and 54 freeways, offering quick access to major routes. A great, stabilized investment opportunity in a prime location!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$221,856
|
$42.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,656
|
$1.28
|
| Effective Gross Income |
$215,200
|
$41.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,554
|
$11.65
|
| Net Operating Income |
$154,646
|
$29.76
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $221,856 |
| Annual Per SF | $42.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,656 |
| Annual Per SF | $1.28 |
| Effective Gross Income | |
|---|---|
| Annual | $215,200 |
| Annual Per SF | $41.41 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $60,554 |
| Annual Per SF | $11.65 |
| Net Operating Income | |
|---|---|
| Annual | $154,646 |
| Annual Per SF | $29.76 |
PROPERTY FACTS
| Price | $2,599,000 | Apartment Style | Low-Rise |
| Price Per Unit | $371,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.95% | Building Size | 5,197 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | R3, Chula Vista | ||
| Price | $2,599,000 |
| Price Per Unit | $371,286 |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| Gross Rent Multiplier | 11 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,197 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3, Chula Vista |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Handrails
- Lawn
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 1 | $4,223 | 1,500 |
| 2+2 | 2 | $2,698 | 850 |
| 1+1 | 4 | $2,184 | 656 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 565-192-18 | Improvements Assessment | $822,436 (2025) |
| Land Assessment | $1,008,147 (2025) | Total Assessment | $1,830,583 (2025) |
PROPERTY TAXES
Parcel Number
565-192-18
Land Assessment
$1,008,147 (2025)
Improvements Assessment
$822,436 (2025)
Total Assessment
$1,830,583 (2025)
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134-138 5th Ave
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