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175 E Street

Chula Vista, CA 91910
  • $6,000,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: 220027990
UPDATED: 43 min ago
$6,000,000
  • 3
    BEDS
  • 0.73
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

175 E Street consists of 25 units housed in one 11,472 square foot structure built in 1962 with wood and stucco construction situated on one 31,798 sq ft parcel. The property features over 30 parking spaces, a pool, and laundry facilities with leased equipment. Twenty-four units are approximately 450 square foot 1 Bedroom / 1 Bathroom units and there is one 2 Bedroom / 1.5 Bathroom unit. Many of the units have been remodeled. There is over 25% upside in rents. This property is located blocks from the new Bayfront Development project.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/134736369
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175 E Street Chula Vista, CA 91910

  • Price: $6,000,000
  • Status: ACTIVE
  • On Site: 22 Days
  • Updated: 43 min ago
  • ID#: 220027990
3
Beds
2
Baths
1
½ Baths
0.73
Acres
Neighborhood:
Chula Vista (91910)
County:
San Diego
Area:
Chula Vista (91910)
Property Description
175 E Street consists of 25 units housed in one 11,472 square foot structure built in 1962 with wood and stucco construction situated on one 31,798 sq ft parcel. The property features over 30 parking spaces, a pool, and laundry facilities with leased equipment. Twenty-four units are approximately 450 square foot 1 Bedroom / 1 Bathroom units and there is one 2 Bedroom / 1.5 Bathroom unit. Many of the units have been remodeled. There is over 25% upside in rents. This property is located blocks from the new Bayfront Development project.
Exterior Features

Parking Spaces Total 30

Interior Features

Sq Ft Of Improvement 11472 Units With Ranges 25 Units With Refrigerators 25

Property Features

Actual Cap Rate 4.8 Actual Gross Operating Income 454938 Actual Gross Scheduled Income 469008.0 Actual Operating Expense 166252 Actual Vacancy And Credit Loss 14070 Assumable Finance 0 Buildings 1 Gross Equity 6000000 Gross Multiplier 12.8 Have Units Leased Apartments 25 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 39084 Motive Want Cash Out Present Loan 0 Projected Cap Rate 6.5 Projected Gross Multiplier 10.4 Projected Gross Operating Inc 558301 Projected Gross Scheduled Inc 575568 Projected Net Income 392049 Projected Operating Expense 166252 Projected Vacancy And Credit Loss 17267 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 1 Unit Number2 24 Unit Rent Total1 2000 Unit Rent Total2 36720 Unit Rent1 2000 Unit Rent2 1530

San Diego MLS logo Listing provided courtesy of Northmarq Multifamily: [IDXCONTACTINFORMATION]. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101