210-12 Del Mar Ave - Apartments FOR SALE


Chula Vista, CA 91910- Downtown Chula Vista
$1,100,000 USD
858-361-3159
210-12 Del Mar Ave, Chula Vista, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/8
null | 3.69% Cap Rate

210-12 Del Mar Ave
Chula Vista, CA 91910
Downtown Chula Vista


HIGHLIGHTS

  • Charming 2-bedroom/1-bathroom detached house, a duplex with two 1-bedroom/1-bathroom units, and a detached single-car garage.
  • Approximately 21% upside potential in rental income.
  • Excellent north Chula Vista neighborhood.
  • The real estate is in proximity to major freeways, downtown San Diego, San Diego Bay, and the Bayfront redevelopment.
  • For savvy investors, there's a possibility to build a 4th unit (ADU) at the back of the parcel.
  • 1944 year built, 1,688 sq. ft., with a 6,266 sq. ft. lot.

OVERVIEW

This 3-unit property for sale, situated at 210-212 Del Mar Ave., is located in an excellent north Chula Vista neighborhood. There is approximately 21% upside potential in rental income for this investment. The unit mix includes a charming 2-bedroom/1-bathroom detached house, a duplex with two 1-bedroom/1-bathroom units, and a detached single-car garage located in the alley. In addition, residents share three on-site parking spaces. 1944 year built, 1,688 sq. ft., with a 6,266 sq. ft. lot per title. Long-term residents on month to month leases. Projected rents are $1,950 for the 1/1 units, $2,700 for the 2/1 house, potential 5.22% Cap Rate, and a 13.88 GRM. The real estate is in proximity to major freeways, downtown San Diego, San Diego Bay, and the Bayfront redevelopment. For savvy investors, there's a possibility to build a 4th unit (ADU) at the back of the parcel. This would further increase income-generating possibilities and add exceptional value in the long term. An opportunity exists here to own a rental property in one of the strongest rental communities San Diego has to offer.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,667

CAP RATE

3.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,273 SF

ZONING

R-3

APN/PARCEL ID

568-072-19-00

ASK ABOUT THIS PROPERTY

Matt RobinsonMD Real Estate IncMore Info
858-361-3159

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Matt RobinsonMD Real Estate IncMore Info
858-361-3159

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