NOT LISTED FOR SALE

54-58 Smith Ave Chula Vista, CA 91910

North Chula Vista Neighborhood
3 Beds
3 Baths
2,300 Sq Ft
1973 Built

Last Sold July 26, 2022

Last sale price $802,500 $349 Per Sq Ft

16 Days on Market

About This Home

As of July 2022

We are pleased to present 54-58 Smith Ave located in Chula Vista, California. Built in 1973, the property features two very spacious 1 bedroom / 1 bath units, and one non-conforming 1 bedroom / 1 bath with a private fenced front yard. All units have walk-in closets, large kitchens with dining area, and charming living rooms. The property benefits from a solar system that services two of the units plus the laundry room. There is a garage, assigned 2 parking spaces, a large storage room, and onsite laundry. There is significant value add potential through rent increases and renovations, additionally there is the opportunity to live in one unit and benefit from the income from the other two units. The property is located in the desirable West Chula Vista neighborhood, a very strong rental market that experienced approximately 17% rent growth in 2021. OFFERS DUE BY JUNE 28TH, 2022

Last Agent to Sell the Property

Rita

Mark H. Hannah License #01221317 Listed on: 06/14/2022

Last Buyer's Agent

Rita

Mark H. Hannah License #01221317 Listed on: 06/14/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1973

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Separate Water Meter

Additional Features

  • 1-Story Property
  • Sprinkler System

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 565-080-12-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Additional Features

  • Laundry Facilities
  • Net Operating Income $37,606

Property Details

Home Type

Multi-Family

Year Built

1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: MCINTOSH
  • Neighborhood: West Chula Vista
  • LP / Sq Ft: 16.42
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Exterior Features

  • Exterior Material: Brick, Stucco
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: CHULA VISTA
  • Complex Features: Laundry Facilities

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Water District: SWEETWATER AUTHORITY
  • Zoning: R-3
  • Assessor Parcel Number: 565-080-12-00

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 37606
  • Annual Expense Actual: 13784
  • Annual Expense Projected: 13784
  • Gross Rent Multiplier Actual: 14.9
  • Gross Rent Multiplier Projected: 12.53
  • Gross Sched Income Actual: 52740
  • Gross Sched Income Projected: 63000
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 240
  • Other Income Projected: 1140.0

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
07/26/2022 07/26/22 Sold $802,500 +0.9% $349 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $795,000 -- $346 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rita

    Seller's Agent in 2022

    Rita

    Mark H. Hannah

    (760) 230-0973

    1 in this area

    12 Total Sales

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Map

Source: San Diego MLS

MLS Number: 220014906

San Diego MLS

California San Diego County Chula Vista 91910 North Chula Vista

54-58 Smith Ave, Chula Vista, CA

This home is located at 54-58 Smith Ave, Chula Vista, CA 91910 since 14 June 2022. This property was built in 1973. 54-58 Smith Ave is a home located in San Diego County with nearby schools including Chula Vista Middle School, Chula Vista High School, and Hawking STEM Charter School.

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