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728-30 Colorado Ave

Chula Vista, CA 91910
  • $795,000
  • STATUS: ACTIVE
  • ON SITE: 8 Days
  • ID#: 220028346
UPDATED: 27 min ago
$795,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

We are pleased to present the exclusive opportunity to acquire 728-30 Colorado Ave in Chula Vista, a duplex with nice curb appeal on a large lot. The property is comprised of one 2 two-bed/1 bath and one 2 bed/1 bath with an additional den off the primary bedroom. The property is ideally located near the heart of downtown Chula Vista with excellent proximity to the Marina, Bayside Park, and the new development between the City of Chula Vista and the Port of San Diego. This property features several highly sought-after features such as large front, side, and back yards, washer and dryer hookups, attached garages, off-street parking, and additional closets throughout. Sale includes a large shed! One of the units is ready for the new buyer to renovate to their liking. The property has new exterior paint, new garage doors, and new water heaters. • Large lot, with amenities that attract higher rents and more rental candidates, making it easier to rent. • Value-Add Opportunity – Possible rents are 38%-50% higher than currently rented for. • Owner holding one of the units for owner-occupant option and second unit is planned to move out later this year. • Excellent location – close to parks, pier, shopping, and easy access to commuter options. • Great curb appeal on the exterior and ready for new owner’s touch on the inside.

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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/134867229
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728-30 Colorado Ave Chula Vista, CA 91910

  • Price: $795,000
  • Status: ACTIVE
  • On Site: 8 Days
  • Updated: 27 min ago
  • ID#: 220028346
4
Beds
2
Baths
0
½ Baths
0.16
Acres
1954
Built
Neighborhood:
Chula Vista
County:
San Diego
Area:
Chula Vista (91910)
Property Description
We are pleased to present the exclusive opportunity to acquire 728-30 Colorado Ave in Chula Vista, a duplex with nice curb appeal on a large lot. The property is comprised of one 2 two-bed/1 bath and one 2 bed/1 bath with an additional den off the primary bedroom. The property is ideally located near the heart of downtown Chula Vista with excellent proximity to the Marina, Bayside Park, and the new development between the City of Chula Vista and the Port of San Diego. This property features several highly sought-after features such as large front, side, and back yards, washer and dryer hookups, attached garages, off-street parking, and additional closets throughout. Sale includes a large shed! One of the units is ready for the new buyer to renovate to their liking. The property has new exterior paint, new garage doors, and new water heaters. • Large lot, with amenities that attract higher rents and more rental candidates, making it easier to rent. • Value-Add Opportunity – Possible rents are 38%-50% higher than currently rented for. • Owner holding one of the units for owner-occupant option and second unit is planned to move out later this year. • Excellent location – close to parks, pier, shopping, and easy access to commuter options. • Great curb appeal on the exterior and ready for new owner’s touch on the inside.
Exterior Features

Exterior Stucco Fencing Partial Parking For RV None Known Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0

Property Features

Actual Cap Rate 2.9 Age Restrictions N/K Annual Expense Actual 14798 Annual Expense Projected 14795 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Chula Vista Complex Park Chula Vista Cross Streets J St Gross Rent Multiplier Actual 20.1 Gross Rent Multiplier Project 14.1 Gross Scheduled Income Actual 39600 Gross Scheduled Income Project 56400 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 39347 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.9 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Conventional Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2350.0 Unit1 Rent Actual 1700.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2350.0 Unit2 Rent Actual 1600.0

San Diego MLS logo Listing provided courtesy of Keller Williams Realty: [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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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101