$2,875,000

Estimated payment $19,042/month

Total Views 1,262
1 Bed
1 Bath
5,940 Sq Ft
$484 Price per Sq Ft

About This Home

SoCal Coastal Capital is proud to present Chula Bella Apartments located on 1225 Third Ave. This turnkey 10-unit property offers an opportunity to acquire a fully stabilized asset on Third Avenue. Built in 1970, the property has been fully renovated with in place RUBS. All units are 1-bed/1-bath units averaging 594 sq ft. with a desirable layout. The building is situated on an 11,761 square foot lot and totals 5,940 rentable square footage. Capital improvements include new railing, new roof, and plumbing. Ample on-site parking available with 10 parking spaces. It boasts a WALK SCORE of 81 with zoning designation CCP-Mixed Use Residential. Call or email listing agent for Offering Memorandum.

Listing Agent

Mario Gandara

W&D Real Estate Investments Brokerage Phone: 310-210-5789 License #01898787 Listed on: 07/14/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 11,761 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 10 Parking Spaces

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,940 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 505
  • Assessor Parcel Number 6192213500
  • $2,603 per year additional tax assessments

Community Details

Overview

  • 10 Units
  • Chula Vista Subdivision

Building Details

  • Rent Control
  • Electric Expense $2,144
  • Insurance Expense $6,024
  • Professional Management Expense $6,704
  • Trash Expense $4,548
  • Water Sewer Expense $948
  • Operating Expense $62,787
  • Gross Income $208,536
  • Net Operating Income $139,493

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.27 Acres

Listing Details

  • CapRate: 4.85
  • Professional Management Expense: 6704.00
  • Property Attached: Yes
  • Subdivision Name Other: Chula Vista
  • Water Sewer Expenses: 948.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6192213500
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 484.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 4548.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11761.00
  • Lot Size Acres: 0.2700

Rental Info

  • Tenant Pays: Water

Multi Family

  • Electric Expense: 2144.00
  • Gross Income: 208536.00
  • Gross Multiplier: 13.79
  • Gross Scheduled Income: 208536.00
  • Insurance Expense: 6024.00
  • Lot Size Area: 11761.0000 Square Feet
  • Net Operating Income: 139493.00
  • Number Of Units Total: 10
  • Operating Expense: 62787.00
  • Rent Control: Yes
  • Total Actual Rent: 208536.00
  • Total Expenses: 62787.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 505
  • TaxOtherAnnualAssessmentAmount: 2603.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $38,518 $3,084,930 $1,623,648 $1,461,282
2025 $38,518 $3,024,442 $1,591,812 $1,432,630
2024 $39,210 $2,965,140 $1,560,600 $1,404,540
2023 $36,658 $2,907,000 $1,530,000 $1,377,000
2022 $22,621 $1,708,500 $632,400 $1,076,100
2021 $11,675 $821,317 $257,527 $563,790
2020 $11,606 $812,897 $254,887 $558,010
2019 $10,603 $796,959 $249,890 $547,069
2018 $11,056 $781,334 $244,991 $536,343
2017 $10,676 $766,015 $240,188 $525,827
2016 $11,844 $750,996 $235,479 $515,517
2015 $10,685 $739,716 $231,942 $507,774
2014 $8,482 $725,227 $227,399 $497,828
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2026 07/14/26 For Sale $2,875,000 +0.9% $484 / Sq Ft
06/03/2022 06/03/22 Sold $2,850,000 -5.0% -- View Prior Sale
03/21/2022 03/21/22 For Sale $3,000,000 -- --
03/18/2022 03/18/22 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $2,850,000 Fidelity National Title
Interfamily Deed Transfer -- Western Resources Title Co
Grant Deed $1,675,000 Fidelity National Title Co
Grant Deed -- Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,375,000 New Conventional
Previous Owner $1,375,000 New Conventional
Previous Owner $275,000 Commercial
Previous Owner $1,455,000 Commercial
Previous Owner $200,000 Commercial
Previous Owner $1,256,250 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26153490

California Regional Multiple Listing Service (CRMLS)

APN: 619-221-35-00

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