$1,400,000
$200K PRICE DROP

Estimated payment $8,773/month

Total Views 19,674
-- Bed
1 Bath
2,464 Sq Ft
$568 Price per Sq Ft

Highlights

  • No HOA
  • No Heating
  • 1-Story Property
  • Rectangular Lot

About This Home

We're pleased to present Jefferson Apartments, a 5-unit multifamily investment opportunity located at 678 Jefferson Avenue in Chula Vista, California. Situated on an approximately 8,285 square foot lot, the property consists of five units totaling approximately 2,464 square feet and features a unique unit mix of (1) two-bedroom/one-bath detached house and (4) studio units. Constructed in 1955, the property offers investors stable cash flow, strong rental demand, and significant upside through continued rental growth and strategic property enhancements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while improving operational efficiency. Additional amenities include eight on-site parking spaces consisting of one garage, one carport, and six surface spaces, with tenants responsible for dumpster service. The detached two-bedroom home offers privacy and strong tenant appeal, while the studio units provide an efficient and highly sought-after rental product in the South Bay market. Recent ownership improvements include a roof repair completed in April 2025, contributing to the property's long-term stability. Located in the heart of Chula Vista, Jefferson Apartments offers residents convenient access to major employment centers, retail destinations, restaurants, schools, and public transportation. The property is strategically positioned near Interstate 5, Interstate 805, Downtown Chula Vista, the Chula Vista Bayfront redevelopment, and the new Gaylord Pacific Resort & Convention Center, providing tenants with exceptional connectivity and access to one of San Diego County's most active growth corridors. Chula Vista continues to experience substantial investment and redevelopment activity, driven by waterfront improvements, new hospitality projects, infrastructure investment, and sustained population growth. With a desirable coastal location, attractive unit mix, ample parking, utility efficiencies, and measurable rental upside, Jefferson Apartments presents investors with an opportunity to acquire a well-positioned multifamily asset offering both immediate income and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.

Listing Agent

Eric von Bluecher

Lee & Associates Brokerage Phone: 760-929-7846 License #01926201 Listed on: 06/16/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,285 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 2,464 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • Unit 1 Bedrooms: 0
  • 1 Bathroom

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 1-000
  • Tax Tract Number 126
  • Assessor Parcel Number 5711421500

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,500
  • Professional Management Expense $4,682
  • Trash Expense $2,000
  • Water Sewer Expense $1,575
  • New Taxes Expense $17,920
  • Operating Expense $37,038
  • Gross Income $93,621
  • Net Operating Income $53,775

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

8,285 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 3.36
  • Professional Management Expense: 4682.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1575.00
  • Zoning: R1, buyer to verify
  • Property Type: Residential Income
  • Parcel Number: 5711421500
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 568.18

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2000.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8285.00
  • Lot Size Acres: 0.1902

Multi Family

  • Gross Income: 93621.00
  • Gross Scheduled Income: 93621.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 8285.0000 Square Feet
  • Net Operating Income: 53775.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 37038.00
  • Rent Control: Yes
  • Total Expenses: 37038.00

Tax Info

  • New Taxes Expense: 17920.00
  • Tax Lot: 1-000
  • Tax Tract Number: 0126.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $13,028 $1,114,903 $736,053 $378,850
2025 $13,028 $1,093,043 $721,621 $371,422
2024 $12,569 $1,071,612 $707,472 $364,140
2023 $12,399 $1,050,600 $693,600 $357,000
2022 $4,053 $344,318 $158,269 $186,049
2021 $3,959 $337,567 $155,166 $182,401
2020 $3,865 $334,106 $153,575 $180,531
2019 $3,766 $327,556 $150,564 $176,992
2018 $3,708 $321,134 $147,612 $173,522
2017 $10 $314,838 $144,718 $170,120
2016 $3,543 $308,666 $141,881 $166,785
2015 $3,493 $304,030 $139,750 $164,280
2014 $3,436 $298,075 $137,013 $161,062
Source: Public Records

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
06/29/2026 06/29/26 Price Changed $1,400,000 -9.7% $568 / Sq Ft
06/25/2026 06/25/26 Price Changed $1,550,000 -3.1% $629 / Sq Ft
06/16/2026 06/16/26 For Sale $1,600,000 -- $649 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase 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 Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,030,000 Ticor Title
Grant Deed $215,000 Orange Coast Title Company
Interfamily Deed Transfer -- Orange Coast Title Company
Quit Claim Deed -- --
Deed $165,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $669,500 New Conventional
Previous Owner $669,500 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2605806

California Regional Multiple Listing Service (CRMLS)

APN: 571-142-15-00

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