678 Jefferson Ave - Apartments FOR SALE


Chula Vista, CA 91910- Downtown Chula Vista
$1,600,000 USD
760-929-7846
678 Jefferson Ave, Chula Vista, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/10
null | 3.36% Cap Rate

678 Jefferson Ave
Chula Vista, CA 91910
Downtown Chula Vista


HIGHLIGHTS

  • Currently 100% occupied, with a unit mix of one 2 bedroom, 1 bathroom house style unit and four studio units
  • Eight total parking spaces, a private garage, a carport, and six surface spaces, a strong amenity for this unit count
  • Roof repaired April 2025, reducing near term capital needs for a new owner
  • Each unit separately metered for gas and electric
  • Current rents sit well below market across most of the unit mix, offering a clear path to increased income
  • Close proximity to third avenue downtown district

OVERVIEW

Lee & Associates Multifamily Group - North San Diego County is pleased to present Jefferson Apartments, a 5-unit multifamily investment opportunity located at 678 Jefferson Avenue in Chula Vista, California. Situated on an approximately 8,285 square foot lot, the property consists of five units totaling approximately 2,464 square feet and features a unique unit mix of (1) two-bedroom/one-bath detached house and (4) studio units. Constructed in 1955, the property offers investors stable cash flow, strong rental demand, and significant upside through continued rental growth and strategic property enhancements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while improving operational efficiency. Additional amenities include eight on-site parking spaces consisting of one garage, one carport, and six surface spaces, with tenants responsible for dumpster service. The detached two-bedroom home offers privacy and strong tenant appeal, while the studio units provide an efficient and highly sought-after rental product in the South Bay market. Recent ownership improvements include a roof repair completed in April 2025, contributing to the property's long-term stability. Located in the heart of Chula Vista, Jefferson Apartments offers residents convenient access to major employment centers, retail destinations, restaurants, schools, and public transportation. The property is strategically positioned near Interstate 5, Interstate 805, Downtown Chula Vista, the Chula Vista Bayfront redevelopment, and the new Gaylord Pacific Resort & Convention Center, providing tenants with exceptional connectivity and access to one of San Diego County's most active growth corridors. Chula Vista continues to experience substantial investment and redevelopment activity, driven by waterfront improvements, new hospitality projects, infrastructure investment, and sustained population growth. With a desirable coastal location, attractive unit mix, ample parking, utility efficiencies, and measurable rental upside, Jefferson Apartments presents investors with an opportunity to acquire a well-positioned multifamily asset offering both immediate income and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions. Property Highlights • 5-Unit Multifamily Investment Opportunity • Unit Mix: (1) 2 Bed / 1 Bath Detached House & (4) Studio Units • ±2,464 SF Building Area • ±8,285 SF Lot • Built in 1955 • Separately Metered for Gas & Electric • 100% Occupied • 8 Parking Spaces Total o 1 Garage o 1 Carport o 6 Surface Spaces • Detached 2-Bedroom House with Private Patio • Tenants Pay Dumpster Service • Roof Repair Completed in 2025 • Value-Add Rental Upside • Minutes from Downtown Chula Vista & Bayfront Redevelopment • Convenient Access to I-5, I-805, and Major Employment Centers • Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County Offering Guidelines All offers will be presented to ownership as received. Ownership has indicated a preference for a closing on or before December 31, 2026. Buyers are encouraged to submit their highest and best pricing and terms. Seller reserves the right to accept, reject, or negotiate any offer at its sole discretion. For More Information Contact Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com Lee & Associates Multifamily Group - North San Diego County

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$649 USD /SF

# OF UNITS

5

PRICE/UNIT

$320,000

CAP RATE

3.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jefferson Apartments | 5-Unit Value-Add

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,285 SF

ZONING

R1, Chula Vista

APN/PARCEL ID

571-142-15

ASK ABOUT THIS PROPERTY

Eric von BluecherEric von BluecherMore Info
760-929-7846

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Eric von BluecherEric von BluecherMore Info
760-929-7846

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