NOT LISTED FOR SALE

324 Zenith St Chula Vista, CA 91911

Otay Town Neighborhood
4 Beds
4 Baths
2,304 Sq Ft
1972 Built

Last Sold November 22, 2021

Last sale price $1,045,000 $454 Per Sq Ft

119 Days on Market

About This Home

As of November 2021

Situated in a very desirable part of Chula Vista, 324 Zenith Street offers experience and unexperienced investors alike a rare opportunity to bring out a lot of potential out of a great property. Whether its via improving what is existing and raising rents, adding ADU's or both this is a dynamic investment opportunity that will not last. The property consists of four 1br/1ba apartments with ample parking, individual storage areas and on site laundry facilities. The property was also recently painted on the exterior. ***Current rents go into place 9/1/2021.

Last Agent to Sell the Property

Josh Browar

The Browar Group License #01824454 Listed on: 06/15/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property

Community Details

  • 4 Units
  • Net Operating Income $39,376

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 623-191-25-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

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: 22.86
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1972
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco

Condo/Co-op/Association

  • Community: CHULA VISTA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 623-191-25-00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 39376
  • Gross Rent Multiplier Actual: 17.3
  • Gross Rent Multiplier Projected: 15.7
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 300
  • Other Income Projected: 300.0

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
11/22/2021 11/22/21 Sold $1,045,000 0.0% $454 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
07/09/2021 07/09/21 Price Changed $1,045,000 -4.6% $454 / Sq Ft
06/15/2021 06/15/21 For Sale $1,095,000 -- $475 / 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 $13,754 $1,108,961 $636,724 $472,237
2024 $13,754 $1,087,218 $624,240 $462,978
2023 $13,201 $1,065,900 $612,000 $453,900
2022 $12,680 $1,045,000 $600,000 $445,000
2021 $8,915 $699,932 $284,347 $415,585
2020 $8,856 $692,756 $281,432 $411,324
2019 $8,722 $679,173 $275,914 $403,259
2018 $8,595 $665,856 $270,504 $395,352
2017 $8,410 $652,800 $265,200 $387,600
2016 $7,913 $640,000 $260,000 $380,000
2015 $4,211 $282,699 $172,765 $109,934
2014 $4,284 $277,162 $169,381 $107,781
Source: Public Records

Agents Affiliated with this Home

  • Josh Browar

    Seller's Agent in 2021

    Josh Browar

    The Browar Group

    (858) 414-4398

    1 in this area

    54 Total Sales

    Josh Browar
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Map

Source: San Diego MLS

MLS Number: 210016462

San Diego MLS

APN: 623-191-25-00

California San Diego County Chula Vista 91911 Otay Town

324 Zenith St, Chula Vista, CA

Not Listed for Sale

MultiFamily

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