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Tuscany Town Homes 242 Kennedy St 21 Unit Apartment Building For Sale Chula Vista, CA 91911
Investment Highlights
- 21 Large Townhome Units with Attached Garages
- 2005 Construction
- Excellent Location Near Major Amenities & Schools
- Existing Condo Map - Prime Condo Sale-Out Opportunity
- Unit Mix with Large Two & Three Bedrooms
- Strong In-Place Income w/ Upside
Executive Summary
CBRE is pleased to present for sale the Tuscany Townhomes (“The Property”), a 21-unit residential asset situated in South San Diego County’s highly competitive Chula Vista submarket. Built in 2005, The Property consists of large two- and three-bedroom townhomes ranging in size from 1,100 SF to 1,482 SF all with individual Assessor’s Parcel Numbers. Currently operated as rentals but with an active condo map, the property provides a new investor with a prime condo sale opportunity.
The Tuscany Townhomes were originally built as condominiums with a Spanish architectural flavor, and all maintain the high-quality construction and amenities of a condo building such as attached one and two car garages, in-unit laundry, individual utility meters, large family style floor plans, private yards and patios, communal BBQ area and gated secure access. The Property consists of seven (7) two-bedroom two-and-a-half bathroom units with attached single car garages, seven (7) three-bedroom two bathroom units with attached single car garages, and seven (7) three-bedroom two-and-a-half bathroom units with attached two car garages.
The Tuscany Townhomes provides a rare opportunity for a condo sale-out in a market where quality for-sale townhomes are in short supply.
The Tuscany Townhomes were originally built as condominiums with a Spanish architectural flavor, and all maintain the high-quality construction and amenities of a condo building such as attached one and two car garages, in-unit laundry, individual utility meters, large family style floor plans, private yards and patios, communal BBQ area and gated secure access. The Property consists of seven (7) two-bedroom two-and-a-half bathroom units with attached single car garages, seven (7) three-bedroom two bathroom units with attached single car garages, and seven (7) three-bedroom two-and-a-half bathroom units with attached two car garages.
The Tuscany Townhomes provides a rare opportunity for a condo sale-out in a market where quality for-sale townhomes are in short supply.
Property Facts
| Sale Type | Investment | Lot Size | 1.06 AC |
| No. Units | 21 | Building Size | 26,649 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2005 |
| Apartment Style | Townhome | Parking Ratio | 0.79/1,000 SF |
| Building Class | C | ||
| Zoning | R-4 - Multi-Family | ||
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 26,649 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | R-4 - Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 7 | - | 1,225 |
| 3+2 | 7 | - | 1,100 |
| 3+2.5 | 7 | - | 1,482 |
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Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,103,424 | |
| Land Assessment | $2,164,699 | Total Assessment | $6,268,123 |
Property Taxes
Parcel Numbers
Land Assessment
$2,164,699
Improvements Assessment
$4,103,424
Total Assessment
$6,268,123
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Tuscany Town Homes | 242 Kennedy St
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