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$ 1,699,000
Est. payment | /mo
8,494 Sqft Lot
$ 1,699,000
Est. payment | /mo
8,494 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Chula Vista
MLS Listing ID 250025458SD
HOA Y/N No
Year Built 1960
Lot Size 8,494 Sqft
Property Description
Unlock Premier Investment! Seize this meticulously maintained 4-plex, boasting a new roof (installed 2025), and poised to deliver substantial returns of $120,000 annual gross income potential. Enjoy streamlined management thanks to individual water sub-meters allowing tenants to pay their own water/sewer, plus tenants directly paying their own trash, minimizing your responsibilities to property taxes, insurance, maintenance and landscaping. Benefit from a dedicated on-site storage closet for efficient operations. The property features three spacious, updated 2-bedroom, 1-bathroom units and a versatile studio, ensuring strong tenant appeal. Each unit has been thoughtfully refreshed over the last decade, with the latest renovation on Unit B completed last year. Modern convenience is key, with each unit boasting private patios equipped with washer and dryer hookups. The detached home offers flexible parking options including potential boat or RV parking or space for up to 5 cars plus a 1-car garage, while each of the other three units features 2 parking spots each. Strategically located in a highly sought-after neighborhood, this income-generating asset offers unparalleled access to the vibrant pulse of Downtown Chula Vista and is ideally situated near the transformative $10 billion Bayfront development – promising significant future growth and desirability. Don't miss this exceptional opportunity to acquire a robust, income-producing property in a prime location, perfectly positioned for both stable returns and long-term appreciation. 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
Area 91910 - Chula Vista
Interior
Heating Electric, See Remarks
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
Pool None
View Y/N Yes
Roof Type Composition
Private Pool No
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5730101200
Acceptable Financing Cash, Conventional, Contract, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Contract, Cal Vet Loan, FHA, VA Loan
Listed by David Thomas Mejia • David T. Mejia
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