NOT LISTED FOR SALE
5 Beds
3 Baths
2,180 Sq Ft
7,405 Sq Ft Lot

Last Sold October 12, 2022

Last sale price $1,235,000 $567 Per Sq Ft

20 Days on Market

Highlights

  • RV Access or Parking
  • Property is Fully Fenced
  • Wood Siding

About This Home

As of October 2022

Investor opportunity! Just miles away from planned world-class destination Chula Vista Bayfront redevelopment. 135 Landis is just one block from historic downtown Chula Vista. Offering a large 3Bd/1Ba house in front, with a private yard, parking, and in-unit Laundry. The back structure offers two, 1Bd/1Ba units. The upstairs enjoys a private balcony while the downstairs has access to a large private courtyard. The back structure comes equipped with a shared coin laundry room, onsite storage, and tenant parking. The property also has a fourth separate gas and electric meter, giving new ownership an essential piece to building an ADU.

Last Agent to Sell the Property

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 09/02/2022

Last Buyer's Agent

Fernando Lomez

Master Property Realty License #01428646

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 7,501 Sq Ft Lot
  • Property is Fully Fenced

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 566-222-03-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Memorial Park Community

Building Details

  • Net Operating Income $33,200

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: E St and Third Ave
  • Neighborhood: Historic Downtown Chula Vista
  • LP / Sq Ft: 22.65
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Garage/Parking

  • Parking for RV: On-Site Parking

Condo/Co-op/Association

  • Complex Name: Memorial Park
  • Community: CHULA VISTA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 566-222-03-00
  • Estimated Lot Sq Ft: 7501

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 33200
  • Gross Rent Multiplier Actual: 27.7
  • Gross Rent Multiplier Projected: 15.2
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2
  • Other Income Actual: 1200
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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
10/12/2022 10/12/22 Sold $1,235,000 -2.4% $567 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/13/2022 09/13/22 Price Changed $1,265,000 -2.3% $580 / Sq Ft
09/02/2022 09/02/22 For Sale $1,295,000 -- $594 / Sq Ft
Source: San Diego MLS

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 $14,763 $1,284,894 $884,340 $400,554
2024 $14,763 $1,259,700 $867,000 $392,700
2023 $14,564 $1,235,000 $850,000 $385,000
2022 $5,113 $435,629 $206,286 $229,343
2021 $4,995 $427,089 $202,242 $224,847
2020 $4,876 $422,711 $200,169 $222,542
2019 $4,750 $414,424 $196,245 $218,179
2018 $4,677 $406,299 $192,398 $213,901
2017 $4,579 $398,333 $188,626 $209,707
2016 $4,472 $390,524 $184,928 $205,596
2015 $4,408 $384,659 $182,151 $202,508
2014 $4,336 $377,125 $178,583 $198,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220022744

San Diego MLS

APN: 566-222-03-00

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