1029 4th Ave - Apartments FOR SALE


Chula Vista, CA 91911- Harborside
$4,195,000 USD
619-916-9179
1029 4th Ave, Chula Vista, CA for Sale
$4,195,000 USD
Apartments - FOR SALE
1/18
null | 4.68% Cap Rate

1029 4th Ave
Chula Vista, CA 91911
Harborside


HIGHLIGHTS

  • EXCELLENT location in a high rent demand area of Chula Vista.
  • NEWLY RENOVATED top to bottom remodels on all units.
  • EXPANSIVE unit sizes at 1,165 SF,
  • IDEAL unit mix, property comprised of 8 - 3BR/2BA units.
  • PLENTY of parking for tenants with 14 spaces.
  • UPSIDE to a 5%+ cap rate with rent increases.

OVERVIEW

Sunrise Villas is a fully renovated, pride-of-ownership multifamily property in a high demand area of Chula Vista. Built in 1986 and sitting on a 15,069 SF corner parcel, the two buildings offer eight spacious three-bedroom, two-bath units of 1,170 square feet each. Each unit features a modern open floor plan with granite countertops, full appliance packages, in-unit washer/dryer hookups, oversized bedrooms, en suite primary bathrooms, and private patios or balconies. Residents enjoy plenty of parking with 14 spaces, functional layouts, and family-oriented design, while ownership benefits from newly renovated units and long-term operational efficiency. Ideally located at 1029 4th Avenue with excellent visibility and access, Sunrise Villas presents stable income today in a rapidly growing and desirable submarket. Located minutes from I-5, SR-54, and the H Street Trolley Station, Sunrise Villas benefits from direct access to major employment hubs and walkable proximity to schools, parks, and retail. Its positioning near Sharp Chula Vista Medical Center and Southwestern College supports durable rental demand. This turnkey investment offers immediate cash flow in a resilient South County submarket, with long-term upside through continued professional management.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

8

PRICE/UNIT

$524,375

CAP RATE

4.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

-

APN/PARCEL ID

619-051-18

ASK ABOUT THIS PROPERTY

Sean BascomSouth Coast Commercial, Inc.More Info
619-916-9179

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Sean BascomSouth Coast Commercial, Inc.More Info
619-916-9179

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.