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    462-64 3rd Avenue

    Chula Vista, CA 91910
    • $1,100,000
    • STATUS: ACTIVE
    • ON SITE: 41 days
    • ID#: 210022876
    Price Reduced
    UPDATED: 145 min ago
    $1,100,000
    • 4
      BEDS
    • 0.12
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,100
      SQFT
    • $524
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    LOCATION, LOCATION, LOCATION! This 4-unit property is in the highly sought after 3rd Avenue Village District of Chula Vista. Walk to restaurants, the park and the Chula Vista Mall. Located in a "Transit Focus Area": New zoning allows construction of 20 to 30 units and some parking variances. Great development property that allows developer to receive income while going through permitting process. Rents have upside across the board. Property consists of (1) commercial unit, (1) 2 bed/1 bath unit, & (2) 1 bed/1 bath units on a 5,169 SF lot.

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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.
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    462-64 3rd Avenue Chula Vista, CA 91910

    • Price: $1,100,000
    • Status: ACTIVE
    • Updated: 145 min ago
    • ID#: 210022876
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,100
    SQFT
    $524
    $/SQFT
    1957
    Built
    Neighborhood:
    Downtown Chula Vista
    County:
    San Diego
    Area:
    Chula Vista (91910)
    Property Description
    LOCATION, LOCATION, LOCATION! This 4-unit property is in the highly sought after 3rd Avenue Village District of Chula Vista. Walk to restaurants, the park and the Chula Vista Mall. Located in a "Transit Focus Area": New zoning allows construction of 20 to 30 units and some parking variances. Great development property that allows developer to receive income while going through permitting process. Rents have upside across the board. Property consists of (1) commercial unit, (1) 2 bed/1 bath unit, & (2) 1 bed/1 bath units on a 5,169 SF lot.
    Exterior Features

    Exterior Wood Fencing Partial Frontage N/K Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 Uncovered Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Public StreetSidewalksStreet Paved Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Electric Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 3.82 Additional Property Use Res/Business Use Ok Age Restrictions N/K Annual Expense Actual 21376 Annual Expense Projected 21376 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Chula Vista Complex Park 3rd Ave Cross Streets Alvarado StRoosevelt St Gross Rent Multiplier Actual 16.8 Gross Rent Multiplier Project 14.3 Gross Scheduled Income Actual 65400 Gross Scheduled Income Project 76800 Home Owners Assoc Fee Includes N/K Jurisdiction Incorporated Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 53120 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets No Pets Allowed Possession Close Of Escrow Projected Cap Rate 4.83 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays Cable Tv Terms CashConventionalExchange Unit Number For Unit1 462 1/2 Unit Number For Unit2 462 Unit Number For Unit3 464 1/2 Unit Number4 464 Unit1 Deposit 1250 Unit1 Occupied Tenant Unit1 Projected Rent 1500.0 Unit1 Rent Actual 1250.0 Unit2 Deposit 1400 Unit2 Occupied Tenant Unit2 Projected Rent 1600.0 Unit2 Rent Actual 1400.0 Unit3 Deposit 1550 Unit3 Occupied Tenant Unit3 Projected Rent 1800 Unit3 Rent Actual 1550.0 Unit4 Deposit 1250 Unit4 Occupied Tenant Unit4 Projected Rent 1500 Unit4 Rent Actual 1250.0 Water Meter On Property Water District Sweetwater Authority Zoning Uc-2(Comm)

    Listing provided courtesy of South Coast Commercial, Inc.. 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