569 Park Way - Apartments FOR SALE


Chula Vista, CA 91910- Downtown Chula Vista
$2,645,000 USD
619-784-1031
569 Park Way, Chula Vista, CA for Sale
$2,645,000 USD
Apartments - FOR SALE
1/10
null | 5.57% Cap Rate

569 Park Way
Chula Vista, CA 91910
Downtown Chula Vista


HIGHLIGHTS

  • Fantastic Unit Mix of 3-Bdrm, 2-Bdrm and 1-Bedroom Units
  • ADU Potential: (2) Single-Car Garages
  • Spacious Floor Plans, Mostly Single-Level Units
  • All Units Have Been Remodeled
  • Large Lot (15,247 SF)
  • High Demand Rental Market

OVERVIEW

7-unit apartment community that has been remodeled top-to-bottom. The property is situated on a 15,247sf lot and consists of (2) 3Bedroom/1Bath, (2) 2Bedroom/1Bath, (1) 2Bedroom/2Bath and (2) 1Bedroom/1Bath. Property amenities include yards, mini-split air-conditioning, onsite parking and in-unit laundry (select units) and feature stainless appliances, quartz countertops, luxury vinyl plank flooring, designer hardware and more. Take advantage of all the positive growth in the area with the new Bayfront Development, Gaylord Resort, $85M Movie Studio, etc.. 5.57% Cap Rate on Current Rents

FOR SALE DETAILS

PRICE

$2,645,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

7

PRICE/UNIT

$377,857

CAP RATE

5.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5.57% Cap Rate on Current Rents

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R3P22

APN/PARCEL ID

567-103-11

ASK ABOUT THIS PROPERTY

James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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