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    585-587 Vance St

    Chula Vista, CA 91910
    • $1,149,000
    • STATUS: ACTIVE
    • ON SITE: 46 days
    • ID#: 210007832
    $1,149,000
    • 8
      BEDS
    • 0.15
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,715
      SQFT
    • $423
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    Description

    Income opportunity, hurry will not last!! Highest CAP rate in Chula Vista! Pay the mortgage with the rent! Blocks from the current $1.1B Chula Vista Bayfront development. 4 bedroom detached house plus 3 bedrooms detached second house on property and 3rd conversion unit with 1 bed 1 bath. TENANTS PAY ALL UTILITIES AND GARDENER. All units have washer dryer hook ups, private patios, or balcony and 2 exterior parking spots. Additionally, one of units has an additional 2 car garage. Rare bonus for easier management there is 2 water meters on site. Proximity to schools, shopping, public transportation, freeways, J Street Harbor, and the downtown Third Avenue Village means these homes rent quick! All square footage measurements are approximate. Photos of unit were taken prior to occupancy by the current tenant.

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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/115517158
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    585-587 Vance St Chula Vista, CA 91910

    • Price: $1,149,000
    • Status: ACTIVE
    • ID#: 210007832
    8
    Beds
    5
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,715
    SQFT
    $423
    $/SQFT
    1965
    Built
    Neighborhood:
    La Playa Vista
    County:
    San Diego
    Area:
    Chula Vista (91910)
    Elementary School:
    Chula Vista Elementary District
    Middle School:
    South Bay Union School District
    High School:
    Sweetwater Union High School District
    Property Description
    Income opportunity, hurry will not last!! Highest CAP rate in Chula Vista! Pay the mortgage with the rent! Blocks from the current $1.1B Chula Vista Bayfront development. 4 bedroom detached house plus 3 bedrooms detached second house on property and 3rd conversion unit with 1 bed 1 bath. TENANTS PAY ALL UTILITIES AND GARDENER. All units have washer dryer hook ups, private patios, or balcony and 2 exterior parking spots. Additionally, one of units has an additional 2 car garage. Rare bonus for easier management there is 2 water meters on site. Proximity to schools, shopping, public transportation, freeways, J Street Harbor, and the downtown Third Avenue Village means these homes rent quick! All square footage measurements are approximate. Photos of unit were taken prior to occupancy by the current tenant.
    Exterior Features

    Exterior Stucco Fencing Partial Frontage N/K Frontage Dimensions In Feet 52 Irrigation Sprinklers Lot Dimensions Approx 52X128 Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 Attached Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 2 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCurbsPublic StreetRear Yd Str AccessSidewalksStreet 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 Units With Garages 1 Units With Patios 3 View N/K

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories Other/Remarks Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3 Water Heater Type Gas

    Property Features

    Actual Cap Rate 4.4 Age Restrictions N/K Annual Expense Actual 6600 Annual Expense Projected 13839 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Chula Vista Complex Park N/A Cross Streets Broadway Gross Rent Multiplier Actual 19.93 Gross Rent Multiplier Project 13.78 Gross Scheduled Income Actual 57660 Gross Scheduled Income Project 83400 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area South Bay Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 69561 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Other/Remarks Projected Cap Rate 6.1 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays SewerTrashWaterElectricityGardenerGas/Propane Terms Cal VetCashConventionalExchangeFhaVa Unit Number For Unit1 585 A Unit Number For Unit2 587 B Unit Number For Unit3 585 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2850.0 Unit1 Rent Actual 1760.0 Unit2 Deposit 1195 Unit2 Occupied Tenant Unit2 Projected Rent 1450.0 Unit2 Rent Actual 1195.0 Unit3 Deposit 1850 Unit3 Occupied Tenant Unit3 Projected Rent 2650 Unit3 Rent Actual 1850.0 Water Meter On Property Water District Otay Water District Zoning R-2:Minor

    Listing provided courtesy of David T. Mejia. 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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    516 5th Avenue
    San Diego CA, 92101