NOT LISTED FOR SALE

227 4th Ave Chula Vista, CA 91910

Downtown Chula Vista Neighborhood
4 Beds
4 Baths
-- Sq Ft
1950 Built

Last Sold April 29, 2016

Last sale price $574,000

18 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • 2-minute walk to Friendship Park
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of April 2016

Tremendous investor opportunity. 4 unit property. All 1 bedroom and 1 bath. Fully rented many longer term tenants all on month to month leases. Contained on its own parcel, it also sits adjacent to a detached home (MLS #160006933) on separate parcel owned by the same seller. Seller would prefer to sell both together as they share a common driveway and parking areas. Excellent cash flow opportunity along with upside from improving highest and best use. See supplement for more info. This property is in the path of the revitalization of downtown Chula Vista. It has a C-O zoning overlay for Administrative and Professional offices in addition to its current use as a multi-unit residential property. It is part of the urban core specific plan which could allow mixed use development, possibly up to 45 feet. When combined with the adjacent detached SFR it currently creates a 5 unit complex that could be a great 1031 exchange, or possibly a property for a owner to live/work in one and create cash flow from the other 4 units. Excellent signage available for business. It could also serve well as an extended family complex. There is a 26' driveway between the house to the north and the units. If sold to separate buyers an agreement to share the driveway will be needed. With this property being on its own parcel it can be financed using standard residential financing, and the other SFR on its own parcel can also be financed using residential financing. Neighborhoods: West Chula Vista Exterior: Wood/Stucco Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: A Unit # for Unit 2: B Unit # for Unit 3: C Unit # for Unit 4: D Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Ross Derrod

Derrod Properties License #01396672 Listed on: 02/08/2016

Last Buyer's Agent

Krystle Moore

Pacific Shore Capital License #01418142

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5680410100

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Subdivision Name Other: Chula Vista
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5680410100
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 41100.00
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2016 04/29/16 Sold $574,000 0.0% --
02/26/2016 02/26/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $574,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ross Derrod

    Seller's Agent in 2016

    Ross Derrod

    Derrod Properties

    (619) 395-3314

    27 Total Sales

    Ross Derrod
    Section Image
  • Krystle Moore

    Buyer's Agent in 2016

    Krystle Moore

    Pacific Shore Capital

    (858) 344-1146

    1 Total Sale

    Krystle Moore
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 160006942

California Regional Multiple Listing Service (CRMLS)

APN: 568-041-01-00

California San Diego County Chula Vista 91910 Downtown Chula Vista

227 4th Ave, Chula Vista, CA

This home is located at 227 4th Ave, Chula Vista, CA 91910 since 08 February 2016. This property was built in 1950. 227 4th Ave is a home located in San Diego County with nearby schools including Vista Square Elementary School, Chula Vista Middle School, and Chula Vista High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes