548-550 4th Ave | Chula Vista, CA 91910
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- LoopNet Team
548-550 4th Ave
Chula Vista, CA 91910
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Chula Vista is one of the most dynamic submarkets in SD County with the development of the Bayfront adding 1000’s of Jobs.
- Pride of Ownership Condition Asset that hasn’t sold in several decades (mitigating large repairs and maintenance).
- Larger than average 1Bed’s in Northerly 2-Story Building.
- Adjacent to Chula Vista Center “Mall” anchored by Macy’s and Lowes Theater.
- Nearly 6% Cap Rate on “average condition” market rent.
- Possible ADU Opportunity.
Property Facts
| No. Units | 10 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 6,248 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1990 |
| Building Class | C | ||
| Zoning | R-3 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,248 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 437 - 740 |
| 2+1 | 1 | - | 800 |
Property Taxes
| Parcel Number | 572-043-10 | Improvements Assessment | $612,000 |
| Land Assessment | $1,530,000 | Total Assessment | $2,142,000 |
Property Taxes
Parcel Number
572-043-10
Land Assessment
$1,530,000
Improvements Assessment
$612,000
Total Assessment
$2,142,000
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