NOT LISTED FOR SALE

81 Oaklawn Ave Chula Vista, CA 91910

North Chula Vista Neighborhood
8 Beds
5 Baths
2,848 Sq Ft
1957 Built

Last Sold June 27, 2022

Last sale price $1,850,000 $650 Per Sq Ft

19 Days on Market

About This Home

As of June 2022

Looking for Cash Flow? You won’t find a better turn key fourplex at this price generating this much cash flow. Completely renovated, turnkey 4Plex cottages located minutes away from the touted billion dollar bay front project and downtown 3rd Ave. This property is positioned to appreciate in the path of progress in the coming years. Rare opportunity to own a turnkey asset generating over $10,800/mo for under $2 Mil in all of San Diego! Each Unit consists of 2 bedrooms, with small yards, off street parking & washer / dryer hookups. Perfect rental product for tenants. Full interior and exterior renovations have recently been completed in 2022 that have secured premium market rates generating over $130,000/yr in Gross Rental Income. Great long term investment to add to your portfolio.

Last Agent to Sell the Property

Bill Sereda

Compass License #01325483 Listed on: 05/17/2022

Compass

Last Buyer's Agent

OUT OF AREA OUT

OUT OF AREA - NON MEMBER License #09999915

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 9,527 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 565-052-03-00

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • 81 Oaklawn Community

Building Details

  • Net Operating Income $97,806

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: Chula Vista Street
  • Neighborhood: Marlborough Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: 81 Oaklawn
  • Community: CHULA VISTA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 565-052-03-00
  • Estimated Lot Sq Ft: 9527

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 97806
  • Annual Expense Actual: 33354
  • Gross Rent Multiplier Actual: 15.29
  • Gross Sched Income Actual: 130560
  • Number Of Buildings: 3
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 600
  • Other Income Projected: 2400.0

Range of Values:

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Average Value
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List Price
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
06/27/2022 06/27/22 Sold $1,850,000 -2.6% $650 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/03/2022 06/03/22 Price Changed $1,899,000 -4.9% $667 / Sq Ft
05/17/2022 05/17/22 For Sale $1,997,000 +108.7% $701 / Sq Ft
04/29/2021 04/29/21 Sold $957,000 +0.7% $342 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/24/2021 03/24/21 Price Changed $949,900 +4.4% $339 / Sq Ft
03/15/2021 03/15/21 For Sale $909,900 -- $325 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bill Sereda

    Compass

    (858) 336-6922

    2 in this area

    14 Total Sales

    Bill Sereda
    Section Image

  • O

    Buyer's Agent in 2022

    OUT OF AREA OUT

    OUT OF AREA - NON MEMBER

  • J

    Seller's Agent in 2021

    Judy Ames Stephens

    Keller Williams San Diego Metro

    (619) 787-6991

    2 in this area

    18 Total Sales

    Judy Ames Stephens
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220011995

San Diego MLS

APN: 565-052-03-00

California San Diego County Chula Vista 91910 North Chula Vista

81 Oaklawn Ave, Chula Vista, CA

This home is located at 81 Oaklawn Ave, Chula Vista, CA 91910 since 17 May 2022. This property was built in 1957. 81 Oaklawn Ave is a home located in San Diego County with nearby schools including Chula Vista Middle School, Chula Vista High School, and Feaster (Mae L.) Charter School.

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