6 Beds
4 Baths
8,493 Sqft Lot
6 Beds
4 Baths
8,493 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Chula Vista
MLS Listing ID 250025458
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1960
Lot Size 8,493 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime Chula Vista Investment Opportunity Near Downtown & the Future Bayfront! Discover a meticulously cared-for 4-unit property offering a blend of strong income potential and simplified ownership in a dynamic location. Comprising three spacious 2-bedroom, 1-bathroom apartments and a versatile studio, this investment offers a strong potential for approximately $120,000 in annual gross income. The property's efficient management is facilitated by individual water sub-meters and tenant-paid trash, streamlining landlord responsibilities to property taxes, insurance, and groundskeeping. A dedicated on-site storage closet offers practical space for landlord needs. Enjoy the peace of mind that comes with consistently updated units. Each of the four residences has been thoughtfully improved over the past decade, ensuring tenant satisfaction and minimizing immediate renovation needs. The recent upgrade to Unit B in the last year highlights this ongoing care. Each unit also offers the convenience of in-unit laundry hookups on private patios. Located just moments from the energetic pulse of Downtown Chula Vista and in close proximity to the groundbreaking $10 billion Chula Vista Bayfront project, this property offers residents unparalleled access to future amenities and growth. Parking is also well-accommodated, with each of the three 2-bedroom units featuring 2 dedicated spaces, and the detached unit offering significant flexibility, including potential RV parking or space for up to 5 vehicles plus a 1-car garage. Secure this solid income-producing asset in a location primed for appreciation.
Location
State CA
County San Diego
Community Chula Vista
Area Chula Vista (91910)
Interior
Heating Electric
Appliance Other/Remarks
Exterior
Exterior Feature Stucco
Parking Features Unit1:Detached Unit2:N/K Unit3:N/K Unit4:N/K
Garage Spaces 1.0
Fence Partial
View City, Evening Lights, Parklike
Roof Type Composition
Building
Lot Description Alley Access, Public Street, Sidewalks, Street Paved
Story 1
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Cal Vet, Cash, Conventional, FHA, Land Contract, VA
Space Rent $3,100
Listing Terms Cal Vet, Cash, Conventional, FHA, Land Contract, VA
Pets Allowed Allowed w/Restrictions
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REALTOR® | Lic# CA DRE 01838753