$3,300,000

414 Palm Ave Chula Vista, CA 91911

Otay Mesa West Neighborhood

Estimated payment $21,246/month

Total Views 288
-- Bed
-- Bath
6 Sq Ft
$550,000 Price per Sq Ft

Highlights

  • Private Pool
  • No HOA
  • Laundry Room
  • 0.98 Acre Lot
  • Cul-De-Sac
  • Landscaped

About This Home

Incredible opportunity to own six separate single homes in Chula Vista. All six houses are located on almost one acre lot ( 0.98 acre = 42,688 sqft). Each houses has 3 bedrooms, 2 baths, 2 car garage. Each house has front yard and back yard. Each house has its own eclectric & water meters. Laundry hook-up in each garage. Monthly rent income is $20,600. Only $550,000 for each house. ($3,300,000 : 6= $550,000). Also, the property has 5 extra parking spaces for extra more income. Please submit offers with pre-approval letters and proof of fund. Seller is R.E license. Buyer and buyer agents to verify all prior to COE.

Listing Agent

Sang Pham

Prime Coast Realty & Mortgage Brokerage Email: sangphambroker@gmail.com License #00886605 Listed on: 08/27/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.98 Acre Lot
  • No Common Walls
  • Cul-De-Sac
  • Landscaped
  • Irregular Lot
  • Gentle Sloping Lot
  • Side Yard Sprinklers

Parking

  • 6 Car Garage

Interior Spaces

  • 6 Sq Ft Home

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • No Heating
  • Engineered Septic

Listing and Financial Details

  • Assessor Parcel Number 6310125500

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 6 Units
  • 6-Story Property

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $6,382
  • Other Expense $2,760
  • Professional Management Expense $10,800
  • Water Sewer Expense $600
  • New Taxes Expense $2,289
  • Operating Expense $43,100
  • Gross Income $243,600
  • Net Operating Income $208,900

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 6.33
  • Price Per Unit: 550000
  • Professional Management Expense: 10800.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: Residential income
  • Property Type: Residential Income
  • Parcel Number: 6310125500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 6
  • Entry Location: 6
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 6

Exterior Features

  • Fence: No
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Inside, Washer Hookup, Gas Dryer Hookup
  • Sewer: Engineered Septic

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Cul-De-Sac, Gentle Sloping, Landscaped, Lot Over 40000 Sqft, Irregular Lot, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 42688.80
  • Lot Size Acres: 0.9800

Multi Family

  • Gross Income: 243600.00
  • Gross Scheduled Income: 252000.00
  • Insurance Expense: 6382.00
  • Lot Size Area: 0.9800 Acres
  • Net Operating Income: 208900.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 6
  • Operating Expense: 43100.00
  • Other Expense: 2760.00
  • Rent Control: Yes
  • Total Expenses: 43100.00

Tax Info

  • New Taxes Expense: 2289.00
  • Tax Lot: 00

Map

Range of Values:

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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 Change Sq Ft Price
08/27/2025 08/27/25 For Sale $3,300,000 -- $550,000 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2506542

California Regional Multiple Listing Service (CRMLS)
California San Diego County Chula Vista 91911 Otay Mesa West

414 Palm Ave, Chula Vista, CA

This home is located at 414 Palm Ave, Chula Vista, CA 91911 and is currently priced at $3,300,000, approximately $550,000 per square foot. 414 Palm Ave is a home located in San Diego County with nearby schools including Otay Elementary School, Castle Park Middle School, and Castle Park 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

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Listing Agent
Sang Pham
Section Image
Prime Coast Realty & Mortgage
(619) 591-5786