NOT LISTED FOR SALE

106 Madison Ave Chula Vista, CA 91910

North Chula Vista Neighborhood
4 Beds
3 Baths
2,038 Sq Ft
6,419 Sq Ft Lot

Last Sold April 06, 2023

Last sale price $1,150,000 $564 Per Sq Ft

153 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • Park
  • Level Lot

About This Home

As of April 2023

We are pleased to present a fully remodeled, turn-key investment in the West Chula Vista community. The property is a fantastic triplex in close proximity to schools, shopping, and the new Bayfront development. This property features 3 fully remodeled units, a newly painted interior & exterior, and plenty of off-street parking. Each unit features new kitchens, bathrooms, flooring, and fixtures. All windows have been retrofitted, new coin laundry, and a new roof leave minimal capital expenditures for the new owner. The beautiful upgrades and property location offers plenty of upside opportunity for the next owner.

Last Agent to Sell the Property

Christian Ballow

Gene Bowman Realty License #02046669 Listed on: 10/05/2022

Last Buyer's Agent

Benjamin Gibbs

Polaris Pacific License #02063172

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,419 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 2,038 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 01000
  • Assessor Parcel Number 5651612000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.90
  • Property Attached: No
  • View: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 5651612000
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: No
  • Price Per Square Foot: 564.28

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6419.00
  • Lot Size Acres: 0.1474

Multi Family

  • Gross Scheduled Income: 76800.00
  • Lot Size Area: 6419.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Lot: 01000

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2023 04/06/23 Sold $1,150,000 -3.0% $564 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
11/01/2022 11/01/22 Price Changed $1,185,000 -1.3% $581 / Sq Ft
10/05/2022 10/05/22 For Sale $1,200,000 +51.9% $589 / Sq Ft
07/01/2021 07/01/21 Sold $790,000 -4.2% $388 / Sq Ft View Prior Sale
05/31/2021 05/31/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $825,000 0.0% $405 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $825,000 -- $405 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,750 $1,196,460 $728,280 $468,180
2024 $13,750 $1,173,000 $714,000 $459,000
2023 $9,705 $805,800 $499,800 $306,000
2022 $9,427 $805,800 $499,800 $306,000
2021 $7,847 $672,753 $357,400 $315,353
2020 $7,660 $665,856 $353,736 $312,120
2019 $7,462 $652,800 $346,800 $306,000
2018 $7,347 $640,000 $340,000 $300,000
2017 $5,445 $474,205 $187,186 $287,019
2016 $5,572 $464,908 $183,516 $281,392
2015 $5,242 $457,926 $180,760 $277,166
2014 $4,882 $425,000 $168,000 $257,000
Source: Public Records

Agents Affiliated with this Home

  • Christian Ballow

    Seller's Agent in 2023

    Christian Ballow

    Gene Bowman Realty

    (619) 207-7601

    1 in this area

    58 Total Sales

    Christian Ballow
    Section Image

  • B

    Buyer's Agent in 2023

    Benjamin Gibbs

    Polaris Pacific

  • Linda Lee

    Seller's Agent in 2021

    Linda Lee

    Keller Williams La Jolla

    (858) 457-9400

    1 in this area

    156 Total Sales

    Linda Lee
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MEMBER NON-MEMBER

    NON-MEMBER

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2206556

California Regional Multiple Listing Service (CRMLS)

APN: 565-161-20-00

California San Diego County Chula Vista 91910 North Chula Vista

106 Madison Ave, Chula Vista, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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