NOT LISTED FOR SALE

118-20 Cedar Ave Chula Vista, CA 91910

North Chula Vista Neighborhood
6 Beds
4 Baths
2,300 Sq Ft
6,385 Sq Ft Lot

Last Sold February 25, 2022

Last sale price $1,018,000 $443 Per Sq Ft

6 Days on Market

Highlights

  • 1-Story Property
  • Partially Fenced Property
  • Level Lot

About This Home

As of February 2022

Wow! Great investment opportunity! Become a landlord! Or live in the front house and let the duplex in the rear help pay your mortgage payments. Centrally located and convenient to shopping, freeways, etc. Good cash flow with potential for even more income! Front house has 2 bedrooms/2baths and each duplex is a 2 bedroom/1 bath. Each unit has their own private yard space and one off street parking space. Middle unit was remodeled five years ago. Photos are before current tenants occupied the units. Hurry on this one. It should go quickly.

Last Agent to Sell the Property

Fred Giovanetti

Dunn, REALTORS/Park Pacific License #01020820 Listed on: 01/10/2022

Last Buyer's Agent

Farid Khayamian

Bluxen, Inc. License #01835318

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 6,385 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 565-191-08-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $41,230

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: D Street
  • Neighborhood: Chula Vista
  • Stories: 1 Story
  • Sale Price List Price: 1.04
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Exterior Features

  • Boat Facilities: No/Unknown
  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: CHULA VISTA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street, Street Paved
  • Topography: Level
  • Water District: SWEETWATER AUTHORITY
  • Zoning: R-3
  • Assessor Parcel Number: 565-191-08-00
  • Estimated Lot Dimensions: 50x128
  • Estimated Lot Sq Ft: 6385

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 41230
  • Annual Expense Actual: 14800
  • Gross Rent Multiplier Actual: 17.4
  • Gross Rent Multiplier Projected: 13.6
  • Gross Sched Income Actual: 56040
  • Gross Sched Income Projected: 71400
  • Number Of Buildings: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

Range of Values:

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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 Change Sq Ft Price
02/25/2022 02/25/22 Sold $1,018,000 +4.4% $443 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $975,000 -- $424 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Fred Giovanetti

    Seller's Agent in 2022

    Fred Giovanetti

    Dunn, REALTORS/Park Pacific

    (858) 405-6858

    1 in this area

    36 Total Sales

    Fred Giovanetti
    Section Image
  • Farid Khayamian

    Buyer's Agent in 2022

    Farid Khayamian

    Bluxen, Inc.

    (858) 535-0000

    3 in this area

    127 Total Sales

    Farid Khayamian
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220000465

San Diego MLS
California San Diego County Chula Vista 91910 North Chula Vista

118-20 Cedar Ave, Chula Vista, CA

This home is located at 118-20 Cedar Ave, Chula Vista, CA 91910 since 10 January 2022. This property was built in 1950. 118-20 Cedar Ave is a home located in San Diego County with nearby schools including Chula Vista Middle School, Chula Vista High School, and Hawking STEM Charter School.

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