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    290 2nd Ave

    Chula Vista, CA 91910
    • $1,595,000
    • STATUS: PENDING
    • ON SITE: 9 days
    • ID#: 210004241
    Pending
    UPDATED: 17 min ago
    $1,595,000
    • 4
      BEDS
    • 0.31
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Chula Vista (91910)
    Type:
    Multi-Family
    County:
    San Diego
    Area:
    Chula Vista (91910)

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    Description

    Rare Cottages, Fully Remodeled in 2017, the 2nd Avenue Cottages consist of six detached, one-bedroom and two-bedroom units, including three with private yards and 6 detached garages, all of this on over 13,000 Square Feet of Flat lot. Nestled just a few blocks from Chula Vista’s Downtown 3rd Avenue District the established residential neighborhood of North Chula Vista is just minutes to both I-5 and I-805 Freeways. These Cottage homes have been upgraded with fine modern finishes inside and out, including small fenced yards and receive top dollar rents proving it’s high demand product and location. 4.8 cap as-is or charge for single car garages and take this property to 5.6 Cap! Do not walk on property! View Marketing Package in Attachments!

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/114328918
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    290 2nd Ave Chula Vista, CA 91910

    • Price: $1,595,000
    • Status: PENDING
    • Updated: 17 min ago
    • ID#: 210004241
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.31
    Acres
    Neighborhood:
    Chula Vista (91910)
    County:
    San Diego
    Area:
    Chula Vista (91910)
    Property Description
    Rare Cottages, Fully Remodeled in 2017, the 2nd Avenue Cottages consist of six detached, one-bedroom and two-bedroom units, including three with private yards and 6 detached garages, all of this on over 13,000 Square Feet of Flat lot. Nestled just a few blocks from Chula Vista’s Downtown 3rd Avenue District the established residential neighborhood of North Chula Vista is just minutes to both I-5 and I-805 Freeways. These Cottage homes have been upgraded with fine modern finishes inside and out, including small fenced yards and receive top dollar rents proving it’s high demand product and location. 4.8 cap as-is or charge for single car garages and take this property to 5.6 Cap! Do not walk on property! View Marketing Package in Attachments!
    Exterior Features

    Parking GaragesSpaces Parking Spaces Total 8 Units With Garages 6

    Interior Features

    Heating Wall Laundry Leased Sq Ft Of Improvement 2340

    Property Features

    Actual Cap Rate 4.85 Actual Gross Scheduled Income 119215.0 Actual Operating Expense 38183 Actual Vacancy And Credit Loss 3571 Assumable Finance 970000 Buildings 7 Gross Equity 630000 Gross Multiplier 13.4 Have Multifamily Leased Apartments 6 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 119040 Motive Want Sell Other Income Amount 175 Other Income Source Laundry Projected Cap Rate 5.6 Projected Gross Scheduled Inc 131040 Projected Net Income 88926 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 3 Unit Number2 2 Unit Number3 1 Unit Rent Total1 4875 Unit Rent Total2 3290 Unit Rent Total3 1845 Unit Rent1 1595 Unit Rent2 1645 Unit Rent3 1845 Zoning R-1:Single

    Listing provided courtesy of Fit Properties. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101