120 Madison Ave - Apartments FOR SALE


Chula Vista, CA 91910- North Chula Vista
$1,499,000 USD
619-358-3748
120 Madison Ave, Chula Vista, CA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/11
null | 3.36% Cap Rate

120 Madison Ave
Chula Vista, CA 91910
North Chula Vista


HIGHLIGHTS

  • TURN KEY PROPERTY
  • LARGE LOT - 6,330 SF Lot
  • STRONG UNIT MIX

OVERVIEW

Located just east of Interstate 5 in Chula Vista, CA, the 120 Madison Avenue Apartments present a compelling investment opportunity in one of San Diego County’s fastest-growing cities. Built in 1956, the property consists of five units: three 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, situated on a 6,330 square foot lot. The property features off-street parking and a private yard, offering both functionality and value-add potential. With below-market rents and classic mid-century construction, the asset provides a strong foundation for an investor to implement renovations and capitalize on rental upside. Chula Vista has experienced rapid population growth in recent years and is now San Diego County’s second-largest city, with a population exceeding 260,000. Ideally positioned just seven miles from the U.S.-Mexico border and approximately nine miles from Downtown San Diego, the area offers a culturally vibrant community with strong demand for rental housing.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$591 USD /SF

# OF UNITS

5

PRICE/UNIT

$299,800

CAP RATE

3.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3

APN/PARCEL ID

565-161-16-00

ASK ABOUT THIS PROPERTY

Seth WatjeStarker West, IncMore Info
619-358-3748

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Seth WatjeStarker West, IncMore Info
619-358-3748

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