NOT LISTED FOR SALE
9 Beds
6 Baths
936 Sq Ft
7,258 Sq Ft Lot

Last Sold August 12, 2018

Last sale price $965,000 $1,031 Per Sq Ft

45 Days on Market

About This Home

As of August 2018

Situated just a short walk to Downtown Chula Vista, which is experiencing a resurgence of redevelopment with new retail and restaurants, The Arches is strategically located with convenient access to all services, schools, freeways, and public transportation, and is ideal for investment as well as owner-occupancy. Built in 2010 w/3-BR in each unit, 2 parking spaces each, in-unit laundry, and quality finishes, The Arches is up to modern standards that supports long-term stability and low maintenance. Neighborhoods: North Chula Vista Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Vincent Ferrer

ROA California Inc License #01056711 Listed on: 05/21/2018

Last Buyer's Agent

Laurie Shaw

Balboa Real Estate Inc License #01875095

Balboa Real Estate Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2010

Lot Details

  • 7,258

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • 7,258 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5662220800

Community Details

Overview

  • 3 Units
  • The Arches

Building Details

  • Net Operating Income $48,652

Property Details

Home Type

Multi-Family

Year Built

Built in 2010

Lot Details

0

Listing Details

  • CapRate: 3.74
  • Park Name: The Arches
  • Subdivision Name Other: Chula Vista
  • View: No
  • Zoning: R-3:RESTRI
  • Property Type: Residential Income
  • Parcel Number: 5662220800
  • Year Built: 2010
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas, Forced Air
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 7258.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 68640.00
  • Lot Size Area: 7258.0000 Square Feet
  • Net Operating Income: 48652.00
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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 List to Sale Price per Sq Ft
08/12/2018 08/12/18 Sold $965,000 0.0% $1,031 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $965,000 -- $1,031 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,375 $1,076,470 $546,601 $529,869
2024 $12,375 $1,055,364 $535,884 $519,480
2023 $12,208 $1,034,672 $525,377 $509,295
2022 $11,857 $1,014,385 $515,076 $499,309
2021 $11,583 $994,496 $504,977 $489,519
2020 $11,305 $984,300 $499,800 $484,500
2019 $11,012 $965,000 $490,000 $475,000
2018 $7,531 $655,155 $192,856 $462,299
2017 $10 $642,310 $189,075 $453,235
2016 $7,198 $629,717 $185,368 $444,349
2015 $7,096 $620,259 $182,584 $437,675
2014 $6,979 $608,110 $179,008 $429,102
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 180027164

California Regional Multiple Listing Service (CRMLS)

APN: 566-222-08-00