Seller's Agent in 2024
Chris Robinson
Mango Tree Real Estate Corp.
(619) 255-3222
3 in this area
11 Total Sales
548 4th Ave Chula Vista, CA 91910
Downtown Chula Vista Neighborhood
4
Beds
3
Baths
6,248
Sq Ft
0.34
Acres
About This Home
As of January 2024We are pleased to present JD Apartments, (548-550 4th Ave) a pride of ownership 10 unit community in North Chula Vista, next to Shopping Mall achored by movie theater and major retailers). This property has been under one ownership for several decades and always cared for with timely repairs and upgrades as necessary. The property is comprised of 5-large 1Bed/1Bath units at 740 sq. ft. each, 1-2Bed unit and 4-average sized 1Bed/1Bath units in the southerly building which was constructed before the 2 story building to the North (in 1979). Tenants benefit from on-site laundry, a common area grass yard and ample on-site parking. There is also a storage unit on-site for landlord / manager convenience. Rents are significantly below market which provides for an ideal value add opportunity. Roughly 5 of the 10 units have been remodeled to some extend over the years and 5 of 10 should show roughly older / original and in need of updates.
Last Agent to Sell the Property
Mango Tree Real Estate Corp. License #02227825 Listed on: 11/01/2023
Last Buyer's Agent
Mango Tree Real Estate Corp. License #02227825 Listed on: 11/01/2023
Property Details
Home Type
- Multi-Family
Lot Details
- 0.34
Home Design
- Composition Roof
Interior Spaces
- 4 Bedrooms
- 6,248 Sq Ft Home
- 2-Story Property
Parking
- 12 Parking Spaces
- Parking Available
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
Additional Features
- 0.34 Acre Lot
- Number of ADU Units: 5
Listing and Financial Details
- Total Actual Rent $13,335
Community Details
Overview
- 2 Buildings
- 10 Units
- 1.00 Association
Building Details
- 10 Leased Units
- Operating Expense $66,902
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2024 01/31/24 | Sold | $2,100,000 | -10.6% | $336 / Sq Ft |
| 11/11/2023 11/11/23 | Pending | -- | -- | -- |
| 11/07/2023 11/07/23 | For Sale | $2,350,000 | -- | $376 / Sq Ft |
Source: San Diego MLS
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 | $4,185 | $2,142,000 | $1,530,000 | $612,000 |
| 2024 | $4,185 | $352,390 | $117,300 | $235,090 |
| 2023 | $4,124 | $345,481 | $115,000 | $230,481 |
| 2022 | $4,004 | $338,708 | $112,746 | $225,962 |
| 2021 | $3,912 | $332,068 | $110,536 | $221,532 |
| 2020 | $3,820 | $328,664 | $109,403 | $219,261 |
| 2019 | $3,722 | $322,220 | $107,258 | $214,962 |
| 2018 | $3,664 | $315,903 | $105,155 | $210,748 |
| 2017 | $3,585 | $309,710 | $103,094 | $206,616 |
| 2016 | $3,496 | $303,638 | $101,073 | $202,565 |
| 2015 | $3,447 | $299,078 | $99,555 | $199,523 |
| 2014 | $3,393 | $293,220 | $97,605 | $195,615 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Robinson
Map
Source: San Diego MLS
MLS Number: 230021925
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