Seller's Agent in 2022
Gregg Neuman
Berkshire Hathaway HomeServices California Properties
(619) 595-7025
1 in this area
510 Total Sales
137 Madison Ave Chula Vista, CA 91910
North Chula Vista Neighborhood
7
Beds
4
Baths
2,698
Sq Ft
6,197
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
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 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
133 Total Sales
Map
Source: San Diego MLS
MLS Number: 220013036
APN: 565-162-10-00
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