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134-138 5th Ave 7 Unit Apartment Building $2,495,000 ($356,429/Unit) 6.13% Cap Rate Chula Vista, CA 91910
Investment Highlights
- Completely Renovated with High End Finishes
- Very Walkable Location with a Walk Score of 83/100
- Above Market Yield with Immediate Cash Flow Deliverable at 6% Cap Rate
Executive Summary
Newmark, as exclusive advisor, is pleased to present the rare opportunity to acquire 134-138 5th Avenue (the “Property”), a 7-unit, newly remodeled, multifamily property located in the exceptionally supply constrained San Diego submarket of Chula Vista, California.
Strategically positioned at the gateway to downtown Chula Vista, the property enjoys seamless access to a vibrant mix of walkable retail, dining, and neighborhood amenities.
Strategically positioned at the gateway to downtown Chula Vista, the property enjoys seamless access to a vibrant mix of walkable retail, dining, and neighborhood amenities.
Property Facts
| Price | $2,495,000 | Building Class | C |
| Price Per Unit | $356,429 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 5,197 SF |
| Cap Rate | 6.13% | 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 |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Chula Vista | ||
| Price | $2,495,000 |
| Price Per Unit | $356,429 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| 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 | $4,173 | 1,500 |
| 2+2 | 2 | $2,645 | 850 |
| 1+1 | 4 | $2,159 | 656 |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 565-192-18 | Improvements Assessment | $822,436 |
| Land Assessment | $1,008,147 | Total Assessment | $1,830,583 |
Property Taxes
Parcel Number
565-192-18
Land Assessment
$1,008,147
Improvements Assessment
$822,436
Total Assessment
$1,830,583
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134-138 5th Ave
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