NOT LISTED FOR SALE
4 Beds
3 Baths
2,340 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: March 24, 2021

Last sale price $1,595,000 $682 Per Sq Ft

5 Days on Market

Highlights

  • 1-Story Property
  • 8 Car Garage
  • 4-minute walk to Norman Park

About This Home

As of March 2021

Rare Cottages, Fully Remodeled in 2017, the 2nd Avenue Cottages consist of six detached, one-bedroom and two-bedroom units, including three with private yards and 6 detached garages, all of this on over 13,000 Square Feet of Flat lot. Nestled just a few blocks from Chula Vista’s Downtown 3rd Avenue District the established residential neighborhood of North Chula Vista is just minutes to both I-5 and I-805 Freeways. These Cottage homes have been upgraded with fine modern finishes inside and out, including small fenced yards and receive top dollar rents proving it’s high demand product and location. 4.8 cap as-is or charge for single car garages and take this property to 5.6 Cap! Do not walk on property! View Marketing Package in Attachments!

Last Agent to Sell the Property

Marissa Montano

Fit Properties License #01373633 Listed on: 02/18/2021

Last Buyer's Agent

Victor Kung

Abacus Properties Inc. License #01290374

Abacus Properties Inc.
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Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.31

Home Design

Interior Spaces

  • 4 Bedrooms
  • 2,340 Sq Ft Home
  • 1-Story Property

Parking

  • 8 Car Garage
  • Parking Available

Additional Features

  • Number of ADU Units: 3
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $119,040

Community Details

Overview

  • 7 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Operating Expense $38,183

Property Details

Home Type

Multi-Family

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Property Sub Type: Com-Res Income
  • CapRate: 4.85
  • Co List Office Mls Id: 67908
  • Directions: E Street to 2nd Ave South
  • Living Area: 2340.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-05T10:36:59Z
  • FullAddress: 290 2nd Ave
  • NumofLeasedApartments: 6
  • SDMLS_NumofADUUnits: 3.0
  • Special Features: None

Interior Features

  • Total Bedrooms: 4

Garage/Parking

  • Parking Features: Garages, Spaces
  • Total Parking Spaces: 8.0

Utilities

  • Heating: Wall
  • Laundry Features: Leased

Lot Info

  • Zoning: R-1:SINGLE

Multi Family

  • Number Of Buildings: 7
  • Number Of Units Total: 6
  • Annual Operating Expense: 38183.0
  • Total Actual Rent: 119040.0

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2021
Closed on
Mar 23, 2021
Sold by
2Nd Ave Partners Lp
Bought by
Seller's Agent
Marissa Montano
Fit Properties
Buyer's Agent
Victor Kung
Abacus Properties Inc.
List Price
$1,595,000
Sold Price
$1,595,000

Purchase Details

Closed on
Aug 19, 2016
Sold by
Chaffee Sky E
Bought by
2Nd Ave Partners Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2014
Sold by
Chaffee Sky E
Bought by
Chaffee Sky E and The Chaffee Family Trust

Purchase Details

Closed on
Jun 11, 2012
Sold by
Chaffee Sky E and Walker Kim
Bought by
Chaffee Sky E and The Chaffee Family Living Trust

Purchase Details

Closed on
Apr 14, 2005
Sold by
Smith Gregory and Smith Rhonda
Bought by
Chaffee Sky E and Walker Kim

Purchase Details

Closed on
Mar 20, 2002
Sold by
Kellett Alan
Bought by
Smith Gregory and Smith Rhonda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 1999
Sold by
Kellett Sue Tillman
Bought by
Kellett Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 1999
Sold by
Gay Joan
Bought by
Kellett Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.89%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Chula Vista, CA

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Purchase 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 Buyer Sale Price Title Company
$1,595,000 Lawyers Title Sd
2Nd Ave Partners Lp $910,000 Chicago Title Company
Chaffee Sky E -- None Available
Chaffee Sky E -- None Available
Chaffee Sky E $795,000 Commerce
Smith Gregory $385,000 Commerce Title
Kellett Alan -- Fidelity National Title Co
Kellett Alan $300,000 Fidelity National Title Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $1,015,000
Previous Owner 2Nd Ave Partners Lp $600,000
Previous Owner Smith Gregory $269,500
Previous Owner Kellett Alan $210,000
Source: Public Records

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
03/24/2021 03/24/21 Sold $1,595,000 0.0% $682 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $1,595,000 -- $682 / 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
2026 $20,555 $1,761,006 $1,048,875 $712,131
2025 $20,555 $1,726,477 $1,028,309 $698,168
2024 $19,831 $1,692,626 $1,008,147 $684,479
2023 $19,564 $1,659,438 $988,380 $671,058
2022 $19,001 $1,626,900 $969,000 $657,900
2021 $11,371 $975,703 $536,101 $439,602
2020 $11,099 $965,699 $530,604 $435,095
2019 $10,812 $946,764 $520,200 $426,564
2018 $10,645 $928,200 $510,000 $418,200
2017 $10,422 $910,000 $500,000 $410,000
2016 $8,619 $755,000 $453,000 $302,000
2015 $7,545 $660,000 $396,000 $264,000
2014 $6,883 $600,000 $360,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210004241

San Diego MLS

APN: 568-164-16-00

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