390 Del Mar Ave - Apartments FOR SALE


Chula Vista, CA 91910- Downtown Chula Vista
$2,300,000 USD
619-886-3335
390 Del Mar Ave, Chula Vista, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/23
null | 5.85% Cap Rate

390 Del Mar Ave
Chula Vista, CA 91910
Downtown Chula Vista


HIGHLIGHTS

  • 5- Unit Property Front House + 4 Rear Units | Located 5min Walking Distance from Downtown Chula Vista & Ongoing Development
  • Strong In-Place Income with Rental Upside Potential | Strong In-Place Income with Rental Upside Potential
  • Available to Show - Immediate Income or Owner-User Opportunity | High-Demand Rental Area with Consistent Tenant Demand
  • Ideal for Long-Term Hold or Value-Add Investment Strategy
  • Easy Access to Freeways, Shopping, and Dining | Opportunity to Increase Rents Over Time
  • On-Site Parking Available for Tenants | Fenced Lot with Additional Storage Space

OVERVIEW

Prime 5-Unit Investment Opportunity | Chula Vista Growth Corridor Attractive 5-unit investment opportunity located in one of Chula Vista’s rapidly growing submarkets. This property features a front single-family residence complemented by four rear units, offering strong in-place income with additional upside potential. One unit is currently vacant, providing immediate flexibility for an owner-user or the opportunity to capture market rents from day one. Strategically positioned just minutes from Downtown Chula Vista and surrounded by ongoing redevelopment, this asset is well-suited for investors seeking both stable cash flow and long-term appreciation. Investment Highlights: • 5-unit property: front single-family home + four rear units • Strong in-place income with rental upside potential • One vacant unit – immediate income or owner-occupant opportunity • Desirable unit mix in a high-demand rental market • Located approximately 3 minutes from Downtown Chula Vista redevelopment • Convenient access to major freeways, retail, and dining • Ideal for long-term hold or value-add strategy • Positioned in a growing submarket with continued appreciation potential • Flexible layout across units appealing to a wide tenant pool • Opportunity to increase rents and improve overall returns over time

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$518 USD /SF

# OF UNITS

5

PRICE/UNIT

$460,000

CAP RATE

5.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 minutes from Downtown, Chula Vista 91910

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,018 SF

ZONING

R3

APN/PARCEL ID

568-350-12

ASK ABOUT THIS PROPERTY

Maria Elena AmezcuaPremier Agency CorpMore Info
619-886-3335

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

Maria Elena AmezcuaPremier Agency CorpMore Info
619-886-3335

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