NOT LISTED FOR SALE
9 Beds
6 Baths
-- Sq Ft
1955 Built

Last Sold October 08, 2021

Last sale price $1,230,000

73 Days on Market

About This Home

As of October 2021

Great unit mix of one-1Bed/1Ba, one-2bed/1ba and two-3Bed/2Ba units. This property has been professionally managed and well maintained. One unit has a new bath and new kitchen. Two units have individual laundry. The roof was replaced in 2013. Tenants were just issued rent increase notices effective August 1, 2021. Rents shown above reflect those new rents. The year built is an estimate and the Sq. Ft. is from a 2003 appraisal report.

Last Agent to Sell the Property

Terry Moore

ACI Apartments License #00918512 Listed on: 05/18/2021

Last Buyer's Agent

Terry Moore

ACI Apartments License #00918512 Listed on: 05/18/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • 7,036 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 568-420-45-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $44,992

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: 3rd Ave & 2nd Ave
  • Neighborhood: Chula Vista
  • LP / Sq Ft: 23.48
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Total Stories: 2
  • Year Built: 1955
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Community: CHULA VISTA

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 568-420-45-00
  • Estimated Lot Sq Ft: 7036

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 44992
  • Annual Expense Actual: 24428
  • Annual Expense Projected: 24428
  • Gross Rent Multiplier Actual: 17.8
  • Gross Rent Multiplier Projected: 15.6
  • Gross Sched Income Actual: 72312
  • Gross Sched Income Projected: 82680
  • Number Of Buildings: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 2
  • Other Income Projected: 3840.0

Range of Values:

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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 Change Sq Ft Price
10/08/2021 10/08/21 Sold $1,230,000 -4.7% --
07/31/2021 07/31/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $1,290,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210013304

San Diego MLS

APN: 568-420-45-00