326 I St
Chula Vista, CA 91910
Courtyard Apartments · Multifamily Property For Sale · 16 Units

ACRE Investment Real Estate Services is pleased to offer the Courtyard Apartment Homes (the “Property”), an attractive rental community located in northern Chula Vista, CA. The offering presents real estate investors the opportunity to acquire a stabilized real estate asset with some upside in rental income. The property is being offered free and clear of debt encumbrances. Courtyard Apartment Homes benefits from a desirable and convenient location in San Diego’s Southbay. The property sits a mere few minutes away from the Pacific Ocean and San Diego Bay in an area characterized by quiet residential communities and neighborhood retailers. The Property consists of a nicely landscaped garden setting spread out on a large lot totaling 22,215 sq ft. While originally constructed in 1978, the Property recently underwent extensive renovations inside and out completed by current ownership. Interior renovations include new flooring, window coverings, ceiling fans, electrical, paint, and lighting. The vast majority of units also received new kitchens (granite countertops, cabinets, appliances) and bathrooms (granite countertops, cabinets, showers). Exterior renovations include new paint, dual pane windows, electrical, lighting, security gate, intercom system, and new asphalt. The asset has additional value-add potential through market rent stabilization and some modest interior renovation. Courtyard Apartment Homes consists of 16 apartment homes with a total of approximately 10,200 rentable square feet situated in one (1) residential building. The Property’s well designed floor plans are large and include fourteen (14) OneBedroom/One-Bath units and two (2) Two-Bedroom/One-Bath Units. The Property provides tenants with off-street parking, modern laundry facilities, and a courtyard setting. Many of the downstairs units have oversized, private yards. Courtyard Apartment Homes provides an opportunity to acquire a multifamily asset in one of the highest demand rental submarkets in San Diego County. The new owner will enjoy the security of having the property situated in close proximity to the coast, comparable apartment communities, local shopping, restaurants, as well as having easy access to Interstates 5 and 805. The asset's proximity to the master planned waterfront development project will most certainly lead to tremendous growth in rents and future appreciation value. With upside in rental income , this offering is perfect for the long term investor seeking a pride of ownership asset with a strong current and future cashflow.