Kimberly Schmidt
Compass
(619) 375-5981
169 Total Sales
1 in Downtown Chula Vista
$625,000 Price
511 Park Way Chula Vista, CA 91910
Downtown Chula Vista Neighborhood
1
Bed
1
Bath
54,180
Sq Ft
--
Built
About This Home
As of March 2020The Royal Apartments consist of 129 units housed in 13 structures with pitched roofs built in 1962 with wood and stucco construction situated on one 104,979 sq ft parcel. The grounds feature spacious common grass areas and well-manicured trees and bushes giving the property the feel of a private community. The property features 120 parking spaces, a pool, and laundry facilities. The units are approximately 418 sq ft 1 Bedroom / 1 Bathroom units. Many of the tenants are long term and all tenants are month to month. There is 35%+ upside in the current rents. The units feature a mix of faux wood, vinyl plank, and carpeted flooring and some bathrooms have been remodeled with Espresso vanities. Routine maintenance has been performed during long term ownership but there is a great opportunity for value add for a new owner. The 129th unit is the front managers’ office and storage and has 2 bathrooms. There is a common laundry room with leased equipment consisting of 8 dryers and 8 washers as well as a soda machine.
Last Agent to Sell the Property
NorthMarq Multifamily License #01883437 Listed on: 01/06/2020
Last Buyer's Agent
OUT OF AREA
OUT OF AREA License #00000000
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Property Details
Home Type
- Multi-Family
Parking
- 120 Parking Spaces
Home Design
Interior Spaces
- 1 Bedroom
- 54,180 Sq Ft Home
- 2-Story Property
Additional Homes
- Number of ADU Units: 129
Listing and Financial Details
- Total Actual Rent $133,252
Community Details
Overview
- 13 Buildings
- 129 Units
Building Details
- 127 Leased Units
- Operating Expense $664,405
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Chula Vista, CA
-
Kimberly Schmidt
-
Charmaine Hogan
Charmaine Hogan
Premiere Homes
(619) 257-6559
13 Total Sales
1 in Downtown Chula Vista
$634,000 Price
-
James Nelson
James Nelson
Coldwell Banker West
(855) 980-5930
115 Total Sales
1 in Downtown Chula Vista
$700,000 Price
-
Dawn Lewis
Dawn Lewis
Real Broker
(858) 223-9989
136 Total Sales
1 in Downtown Chula Vista
$710,000 Price
-
David Mejia
David Mejia
David T. Mejia, Broker
(858) 264-3484
33 Total Sales
1 in Downtown Chula Vista
$1,395,000 Price
-
Molly Olen
Molly Olen
Windermere Real Estate
(858) 757-8671
45 Total Sales
1 in Downtown Chula Vista
$500,000 Price
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 |
|---|---|---|---|---|
| 03/20/2020 03/20/20 | Sold | $20,737,500 | -1.3% | $383 / Sq Ft |
| 02/25/2020 02/25/20 | Pending | -- | -- | -- |
| 01/19/2020 01/19/20 | For Sale | $21,000,000 | -- | $388 / 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 | $269,602 | $23,133,072 | $7,808,631 | $15,324,441 |
| 2025 | $269,602 | $22,679,483 | $7,655,521 | $15,023,962 |
| 2024 | $260,118 | $22,234,788 | $7,505,413 | $14,729,375 |
| 2023 | $256,619 | $21,798,813 | $7,358,249 | $14,440,564 |
| 2022 | $249,242 | $21,371,386 | $7,213,970 | $14,157,416 |
| 2021 | $243,456 | $20,952,340 | $7,072,520 | $13,879,820 |
| 2020 | $30,284 | $2,626,850 | $931,638 | $1,695,212 |
| 2019 | $29,515 | $2,576,385 | $913,371 | $1,663,014 |
| 2018 | $28,891 | $2,511,524 | $895,462 | $1,616,062 |
| 2017 | $28,355 | $2,469,055 | $877,904 | $1,591,151 |
| 2016 | $27,181 | $2,377,750 | $860,691 | $1,517,059 |
| 2015 | $27,477 | $2,401,884 | $847,763 | $1,554,121 |
| 2014 | $27,167 | $2,366,659 | $831,157 | $1,535,502 |
Source: Public Records
Agents Affiliated with this Home
-
Benn Vogelsang
Seller's Agent in 2020
Benn Vogelsang
NorthMarq Multifamily
(415) 250-4947
1 in this area
89 Total Sales
-
OA
Buyer's Agent in 2020
OUT OF AREA
OUT OF AREA
Map
Source: San Diego MLS
MLS Number: 200003120
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