Seller's Agent in 2022
Gregg Neuman
Berkshire Hathaway HomeServices California Properties
(619) 595-7025
1 in this area
551 Total Sales
137 Madison Ave Chula Vista, CA 91910
North Chula Vista Neighborhood
7
Beds
4
Baths
2,698
Sq Ft
6,098
Sq Ft Lot
About This Home
As of August 2022Opportunity knocks in Chula Vista! This unique investment prospect features a single family 3BR/2B home and two additional 2/1 units: you can easily live in one and let the other two rentals help you cover costs! Main home boasts a converted garage, in-unit laundry, fully fenced private yard, private patio and a covered porch, real wood floors, and two tandem parking spaces. Duplex units feature large living rooms, eat-in kitchens, tiled bathrooms, and two-car tandem parking spaces with alley access. Lower unit has a fenced private yard. With stabilized cash flow, this property is a solid start for anyone’s investment portfolio! Appears to be lots of upside on rents with longer term tenants in place. Nicely maintained in a good location. Estimated 25% annual expenses. Units added in 1976, Garage conversion was in 1975 Perfect income opportunity for the burgeoning investor! Fairly well maintained, this tenant-occupied property allows for buyer to see immediate return with minimal needed upgrades. Situated near local schools, shopping, Sweetwater Marsh National Refuge, and the I-5 and 54 freeways. All offers to be submitted on RPA (residential purchase agreement)
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #00809392 Listed on: 05/26/2022
Last Buyer's Agent
Natalie Frantz
Compass License #02057182
Property Details
Home Type
- Multi-Family
Year Built
- 1958
Lot Details
- 6,197 Sq Ft Lot
- Property is Fully Fenced
- Level Lot
Parking
- Alley Access
Home Design
- Rolled or Hot Mop Roof
- Composition Roof
- Stucco Exterior
Utilities
- Separate Water Meter
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas/propane
- Assessor Parcel Number 565-162-10-00
Community Details
Pet Policy
- Pets Allowed
Additional Features
- 3 Units
- Net Operating Income $45,360
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2022 08/04/22 | Sold | $1,050,000 | -2.3% | $389 / Sq Ft |
| 06/21/2022 06/21/22 | Pending | -- | -- | -- |
| 06/08/2022 06/08/22 | For Sale | $1,075,000 | 0.0% | $398 / Sq Ft |
| 06/01/2022 06/01/22 | Pending | -- | -- | -- |
| 05/26/2022 05/26/22 | For Sale | $1,075,000 | -- | $398 / 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 | $12,558 | $1,092,420 | $598,230 | $494,190 |
| 2024 | $12,558 | $1,071,000 | $586,500 | $484,500 |
| 2023 | $12,388 | $1,050,000 | $575,000 | $475,000 |
| 2022 | $9,220 | $788,094 | $315,235 | $472,859 |
| 2021 | $9,007 | $772,642 | $309,054 | $463,588 |
| 2020 | $8,791 | $764,721 | $305,886 | $458,835 |
| 2019 | $8,564 | $749,728 | $299,889 | $449,839 |
| 2018 | $8,432 | $735,028 | $294,009 | $441,019 |
| 2017 | $8,256 | $720,617 | $288,245 | $432,372 |
| 2016 | $8,064 | $706,489 | $282,594 | $423,895 |
| 2015 | $7,949 | $695,878 | $278,350 | $417,528 |
| 2014 | $7,817 | $682,248 | $272,898 | $409,350 |
Source: Public Records
Agents Affiliated with this Home
-
Gregg Neuman
-
N
Buyer's Agent in 2022
Natalie Frantz
Compass
-
Patrick Kappel
Buyer Co-Listing Agent in 2022
Patrick Kappel
Compass
(858) 699-6817
1 in this area
122 Total Sales
Map
Source: San Diego MLS
MLS Number: 220013036
APN: 565-162-10-00
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