The Browar Group is pleased to present the opportunity to acquire a 4-unit apartment home located in beautiful Chula Vista, California. The offering consists of a home in front with very spacious one and two-bedroom units. The detached two story building in back is a 2-bedroom duplex. Property also features a detached building wth two garages and raised ceilings for extra storage. The property is located in a desirable residential neighborhood with close proximity to the busy and vibrant town center. Residents are walking distance to retail and neighborhood amenities including Scripps Mercy Hospital, Memorial Park, E St. Trolly Station, K-12 & Brightwood College, Chula Vista Shopping Center with plenty of restaurants. A ten minute drive south will bring you to the San Yasidro Boarder Crossing and Las
Americas Premium Shopping Outlets.
While the property is very well maintained, in-place rents are below market. When compared to other similar properties in the vicinity, the rents show room for growth to current market rents. Chula Vista is in the process of extreme gentrification. The $1.1B Chula Vista Bayfront project has broken ground and represents one of the last truly significant large-scale waterfront development opportunities in Southern California. Property is located within 2 miles. Also, Chula Vista was recently one of ten U.S. cities selected by Envision America to become part of Smart City Initiative, a program to help become smarter by accelerating deployment of innovative technologies that tackle energy, water, waste, and air challenges. Envision America is supported by AT&T, Bank of America, IBM, Itron, Microsoft, Philips Lighting, PTC SAS,
Siemens and Wells Fargo.
