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210 Del Mar Ave

Chula Vista, CA 91910
  • $1,249,999
  • STATUS: ACTIVE
  • ON SITE: 106 Days
  • ID#: 230011136
UPDATED: 144 min ago
$1,249,999
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,650
    SQFT
  • $758
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Description

We are pleased to present a three-unit apartment building in an excellent Chula Vista location, offering the unique advantage of three homes on one lot. The front structure boasts a charming duplex, featuring two separate units, each comprising of one bedroom and one bathroom. These well-designed units provide a comfortable and private living space for tenants. Behind the duplex, you'll discover a delightful two-bedroom, one-bathroom home, providing additional flexibility and accommodation options. Adjacent to these residences is a single-car garage, offering ample space for either parking or storage. This structure presents an exciting possibility for conversion into an Accessory Dwelling Unit (ADU), further enhancing the property's value and potential. With three to four off-street parking spots available in the alley, ensuring hassle-free parking for residents. The interiors have been upgraded throughout it's ownership with long term tenants on MTM leases. The property holds immense appeal, not only for owner-occupants seeking an ideal living arrangement but also for investors looking to expand their rental portfolio. With the limited availability of properties in the area, this offering presents a rare chance to acquire a valuable asset in a highly desirable rental market. The lot is zoned R-3, providing further possibilities for a developer to explore.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/140566106
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210 Del Mar Ave Chula Vista, CA 91910

  • Price: $1,249,999
  • Status: ACTIVE
  • On Site: 106 Days
  • Updated: 144 min ago
  • ID#: 230011136
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1,650
SQFT
$758
$/SQFT
1944
Built
Neighborhood:
Chula Vista
County:
San Diego
Area:
Chula Vista (91910)
Property Description
We are pleased to present a three-unit apartment building in an excellent Chula Vista location, offering the unique advantage of three homes on one lot. The front structure boasts a charming duplex, featuring two separate units, each comprising of one bedroom and one bathroom. These well-designed units provide a comfortable and private living space for tenants. Behind the duplex, you'll discover a delightful two-bedroom, one-bathroom home, providing additional flexibility and accommodation options. Adjacent to these residences is a single-car garage, offering ample space for either parking or storage. This structure presents an exciting possibility for conversion into an Accessory Dwelling Unit (ADU), further enhancing the property's value and potential. With three to four off-street parking spots available in the alley, ensuring hassle-free parking for residents. The interiors have been upgraded throughout it's ownership with long term tenants on MTM leases. The property holds immense appeal, not only for owner-occupants seeking an ideal living arrangement but also for investors looking to expand their rental portfolio. With the limited availability of properties in the area, this offering presents a rare chance to acquire a valuable asset in a highly desirable rental market. The lot is zoned R-3, providing further possibilities for a developer to explore.
Exterior Features

Exterior Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 0 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 2.7 Age Restrictions N/K Annual Expense Actual 23852 Annual Expense Projected 23852 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Chula Vista Complex Park Complex Cross Streets E Street Gross Rent Multiplier Actual 21.0 Gross Rent Multiplier Project 15.4 Gross Scheduled Income Actual 59400 Gross Scheduled Income Project 81000 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 54718 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.4 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalExchangeFhaVa Unit1 Deposit 1450 Unit1 Occupied Tenant Unit1 Projected Rent 2000.0 Unit1 Rent Actual 1450.0 Unit2 Deposit 1450 Unit2 Occupied Tenant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 1450.0 Unit3 Deposit 2050 Unit3 Occupied Tenant Unit3 Projected Rent 2750 Unit3 Rent Actual 2050.0

San Diego MLS logo Listing provided courtesy of Josh Browar of The Browar Group: 858-414-4398. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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