$1,100,000
SOLD MAR 14, 2025
6 Beds
3 Baths
2,465 Sq Ft
0.29 Acres

Recently Sold

$446 Per Sq Ft

29 Days on Market

Highlights

  • Property is Fully Fenced
  • Wood Siding
  • 1-Story Property
  • Level Lot

About This Home

As of March 2025

261-63 H Street is a rare investment opportunity featuring three value-add detached homes, each offering 2 bedrooms and 1 bathroom with approximately 765 square feet of living space per unit. Situated on a large 12,615-square-foot lot, this property offers development potential alongside substantial rental upside. Additional features include two single-car garages and laundry hookups for each unit. Located less than a block from Downtown Chula Vista and just 1.6 miles from the Chula Vista Bayfront Development, this property is ideally positioned in a high-demand area.

Last Agent to Sell the Property

Nick Azoff

Starker West, Inc. License #02035396 Listed on: 12/03/2024

Last Buyer's Agent

Maria Bonavilla

Maria Elena Hernandez, Broker License #01264427

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 0.29 Acre Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 568-512-34-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Chula Vista Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $16,796

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Third Ave
  • Neighborhood: Chula Vista
  • LP / Sq Ft: 14.18
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 2000
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Condo/Co-op/Association

  • Complex Name: Chula Vista
  • Pets Allowed: Yes
  • Community: CHULA VISTA

Lot Info

  • Lot Size: .25 to .5 AC
  • Topography: Level
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 568-512-34-00
  • Estimated Lot Dimensions: 49x257
  • Estimated Lot Sq Ft: 12615
  • Estimated Number of Acres: 0.29
  • Map Code Column: C
  • Map Code Page: 1310
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 16796
  • Gross Rent Multiplier Actual: 27.6
  • Gross Rent Multiplier Projected: 10.7
  • Number Of Buildings: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3
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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
03/14/2025 03/14/25 Sold $1,100,000 0.0% $446 / Sq Ft
01/02/2025 01/02/25 Pending -- -- --
12/03/2024 12/03/24 For Sale $1,100,000 -- $446 / Sq Ft
Source: San Diego MLS

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 $5,661 $490,487 $399,031 $91,456
2024 $5,661 $480,870 $391,207 $89,663
2023 $5,583 $471,442 $383,537 $87,905
2022 $5,423 $462,199 $376,017 $86,182
2021 $5,298 $453,138 $368,645 $84,493
2020 $5,171 $448,492 $364,865 $83,627
2019 $5,038 $439,699 $357,711 $81,988
2018 $4,960 $431,079 $350,698 $80,381
2017 $4,856 $422,627 $343,822 $78,805
2016 $4,742 $414,341 $337,081 $77,260
2015 $4,675 $408,118 $332,018 $76,100
2014 $4,598 $400,125 $325,515 $74,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240027809

San Diego MLS