569 Park Way | Chula Vista, CA 91910
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569 Park Way
Chula Vista, CA 91910
5.57% Cap Rate on Current Rents · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Fantastic Unit Mix of 3-Bdrm, 2-Bdrm and 1-Bedroom Units
- Spacious Floor Plans, Mostly Single-Level Units
- Large Lot (15,247 SF)
- ADU Potential: (2) Single-Car Garages
- All Units Have Been Remodeled
- High Demand Rental Market
PROPERTY FACTS
| No. Units | 7 | Building Size | 6,250 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | R3P22 - R3P22 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,250 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R3P22 - R3P22 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,863 | 500 |
| 2+1 | 2 | $2,650 | 800 - 900 |
| 2+2 | 1 | $2,850 | 900 - 950 |
| 3+1 | 2 | $3,000 | 900 - 1,000 |
PROPERTY TAXES
| Parcel Number | 567-103-11 | Improvements Assessment | $928,000 |
| Land Assessment | $1,020,000 | Total Assessment | $1,948,000 |
PROPERTY TAXES
Parcel Number
567-103-11
Land Assessment
$1,020,000
Improvements Assessment
$928,000
Total Assessment
$1,948,000
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