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226-228 Madrona St
Chula Vista, CA 91910
Multifamily Property For Sale · 5 Units

INVESTMENT HIGHLIGHTS

  • Close Proximity to Parks, Harbor, Gym, Freeways and Military Bases
  • Each Unit Comes w/ Stainless Steel Appliances & stackable W/D's ready to move into.
  • New Modern Finishing Touches with a clean look and feel.

EXECUTIVE SUMMARY

Location, Location, Location! Best of Chula Vista. 5 units total: 4 2b/1b units remodeled in 2022 & a new 2b/1bath ADU just completed & ready to move in. Located on a well maintained, tree lined street of residential properties. This is a 5 minute walk to downtown restaurants, coffee shops, and night life on 3rd St. with a weekly street farmers market, surrounding parks & The Gym around the corner. Convenient fwy access to both the 805 & 5 and multiple military bases provide for quick easy commuting. It's a 15 minute bike ride to the beautiful Chula Vista harbor where the upcoming Sea World Park and resort hotels, along with close proximity to the Mexican border, another attraction making this desireable as a possible vacation rental This property will provides ideal opportunity for vacation rentals as well as long term due to it's central location with so much to do in a beautiful area. The redevelopment of the harbor with the upcoming vacation resort and Sea World Amusement Park are sure to impact the value of this property in a positive direction. Along with the possibility of appreciation the income is strong. This could be a great investment for the short term or long term and is turn-key.

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,300 SF
Average Occupancy 60%
No. Stories 2
Year Built/Renovated 1964/2022
Parking Ratio 0.47/1,000 SF
APN / Parcel ID 568-353-06
Zoning R-4 - Residential medium-high and high density

AMENITIES

  • Activity License

UNIT AMENITIES

  • Cable Ready
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Ceiling Fans
  • Eat-in Kitchen
  • Granite Countertops
  • Ice Maker
  • Refrigerator
  • Stainless Steel Appliances
  • Island Kitchen
  • Vinyl Flooring

SITE AMENITIES

  • Smoke Free
  • Green Community

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 5 - 800
  • Listing ID: 32313077

  • Date on Market: 7/1/2024

  • Last Updated:

  • Address: 226-228 Madrona St, Chula Vista, CA 91910

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