Skip To Content

315 Ash Ave

Chula Vista, CA 91910
  • $1,495,000
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: 240023663
UPDATED: 26 min ago
$1,495,000
  • 5
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,010
    SQFT
  • $744
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

Description

3-Unit property in the north-west Chula Vista. This is a fully remodeled property located on a 6,257sf corner lot consisting of all single-level units: (2) 2Bedroom/1Bathroom and (1) 1Bedroom/1Bathroom. All units have been completely remodeled and feature in-unit laundry and yards. This property is perfect for an owner occupant (VA, FHA eligible) or an investor looking for a turnkey multifamily property. The property is furnished and is currently operated as a 'mid-term' rental to traveling nurses and military personnel, the Seller can deliver the property at closing as either: vacant, partially occupied with either mid-term or long-term tenants (contact agent to discuss). Currently a 5.16% Cap Rate / 13.81 GRM **The property across the street (identical 3-unit also available for sale at 325 Ash Ave - MLS# 240023664).**

Monthly Payment Calculator

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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/156355690
Print Image

315 Ash Ave Chula Vista, CA 91910

  • Price: $1,495,000
  • Status: ACTIVE
  • On Site: 29 Days
  • Updated: 26 min ago
  • ID#: 240023663
5
Beds
3
Baths
0
½ Baths
0.14
Acres
2,010
SQFT
$744
$/SQFT
1953
Built
Neighborhood:
Northwest Chula Vista
County:
San Diego
Area:
Chula Vista (91910)
Elementary School:
Chula Vista Elementary District
Middle School:
Sweetwater Union High School District
High School:
Sweetwater Union High School District
Property Description
3-Unit property in the north-west Chula Vista. This is a fully remodeled property located on a 6,257sf corner lot consisting of all single-level units: (2) 2Bedroom/1Bathroom and (1) 1Bedroom/1Bathroom. All units have been completely remodeled and feature in-unit laundry and yards. This property is perfect for an owner occupant (VA, FHA eligible) or an investor looking for a turnkey multifamily property. The property is furnished and is currently operated as a 'mid-term' rental to traveling nurses and military personnel, the Seller can deliver the property at closing as either: vacant, partially occupied with either mid-term or long-term tenants (contact agent to discuss). Currently a 5.16% Cap Rate / 13.81 GRM **The property across the street (identical 3-unit also available for sale at 325 Ash Ave - MLS# 240023664).**
Exterior Features

Exterior Wood/Stucco Fencing Cross FencingPartial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3

Interior Features

Cooling Wall/Window Furnished Units 3 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 Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 5.16 Age Restrictions N/K Annual Expense Actual 27872 Annual Expense Projected 27872 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community CHULA VISTA Complex Park Ash Ave Cross Streets Broadway / F Street Gross Rent Multiplier Actual 13.81 Gross Rent Multiplier Project 12.74 Gross Scheduled Income Actual 107328 Gross Scheduled Income Project 116400 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 85967 Other Fees 0.0 Other Income Actual 960 Pets Yes Projected Cap Rate 5.75 Projected Other Income 960.0 Sales Restrictions Call Agent Security N/K Short Sale No Tenant Pays Other/Remarks Terms CashConventionalFHAVA Unit Number For Unit1 1 Unit Number For Unit2 1 Unit Number For Unit3 1 Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 3099.0 Unit2 Deposit 2000 Unit2 Occupied Tenant Unit2 Projected Rent 3500.0 Unit2 Rent Actual 3350.0 Unit3 Deposit 1500 Unit3 Occupied Tenant Unit3 Projected Rent 2700 Unit3 Rent Actual 2495.0 Water District SWEETWATER AUTHORITY Zoning R2

San Diego MLS logo Listing provided courtesy of James Carter of Apartment Realty Group (ARG): 619-784-1031. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240023663-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240023663-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240023663-2.jpg
Logo
Red Tree Realty
4138 Napier St.
San Diego CA, 92110