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    225 4th Avenue

    Chula Vista, CA 91910
    • $1,800,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: 210010217
    UPDATED: 36 min ago
    $1,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale the Homes on 4th, a 2020 newly constructed and recently renovated five (5) unit apartment community located in the heart of Chula Vista, CA. The subject property is situated on two (2) contiguous parcels totaling approximately 12,246 square feet. The northerly parcel consists of one (1) 2020 newly constructed Three-Bedroom/Two-Bath house with attached two-car garage totaling approximately 1,900 square feet. The southernly parcel consists of four (4) upgraded One-Bedroom/One-Bath units totaling approximately 2,282 square feet Residents enjoy covered off-street parking and a private community feel. The offering benefits from a desirable and convenient location in San Diego's Southbay. Added value exists through market rent stabilization and converting the rear storage room into a laundry facility to further increase the investors return and add to the desirability of this project by future residents. Exterior improvements include all new paint, vinyl windows, new plumbing and sewer lines, electrical panel and upgraded landscaping. Interior improvements include upgraded tile kitchen flooring and fixtures, and all new tiled showers and upgraded bathroom vanities. A new owner will benefit from both the renovations and new construction house through lower future capital expenditures, lower turnover costs and the ability to offer higher quality improvements to prospective renters. PLEASE CONTACT NICK TREJO FOR ANY INTERESTS OR QUESTION AT 619-933-2672 OR NTREJO@ACRECOMMERCIAL.COM

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-23T15:34:22.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/116280232
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    225 4th Avenue Chula Vista, CA 91910

    • Price: $1,800,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 210010217
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    91910 - Chula Vista
    County:
    San Diego
    Area:
    91910 - Chula Vista
    Property Description
    We are pleased to offer for sale the Homes on 4th, a 2020 newly constructed and recently renovated five (5) unit apartment community located in the heart of Chula Vista, CA. The subject property is situated on two (2) contiguous parcels totaling approximately 12,246 square feet. The northerly parcel consists of one (1) 2020 newly constructed Three-Bedroom/Two-Bath house with attached two-car garage totaling approximately 1,900 square feet. The southernly parcel consists of four (4) upgraded One-Bedroom/One-Bath units totaling approximately 2,282 square feet Residents enjoy covered off-street parking and a private community feel. The offering benefits from a desirable and convenient location in San Diego's Southbay. Added value exists through market rent stabilization and converting the rear storage room into a laundry facility to further increase the investors return and add to the desirability of this project by future residents. Exterior improvements include all new paint, vinyl windows, new plumbing and sewer lines, electrical panel and upgraded landscaping. Interior improvements include upgraded tile kitchen flooring and fixtures, and all new tiled showers and upgraded bathroom vanities. A new owner will benefit from both the renovations and new construction house through lower future capital expenditures, lower turnover costs and the ability to offer higher quality improvements to prospective renters. PLEASE CONTACT NICK TREJO FOR ANY INTERESTS OR QUESTION AT 619-933-2672 OR NTREJO@ACRECOMMERCIAL.COM
    Exterior Features

    Carport Spaces 4 Carport YN Yes Construction Materials Stucco Parking Total 4 Roof Composition

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.55 Gross Scheduled Income 101640 Insurance Expense 1500 Listing Agreement Seller Reserved Listing Terms CashCash To New Loan Maintenance Expense 2500 Net Operating Income 63892 Operating Expense 34699 Property Sub Type Mixed Use Trash Expense 1581 Water Sewer Expense 2079

    Listing provided courtesy of Chris Robinson of Acre Investment Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-23T15:34:22.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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