Offer Price:

$2,200,000

Cap Rate:

4.58%

Price/SF:

$361.25

Price/Unit:

$244,444

Gross Building Area:

6,090 SF

Lot Size:

12,939 SF

Status:

Active

Submarket:

Coastal, Central

Property Type:

Apartments

Strategy:

Core

The Bove Group is proud to present this nine-unit value-add apartment building in Chula Vista, California, presents a prime investment oppor-tunity. Consisting of two spacious two-bedroom, one-bath units and seven comfortable one-bedroom, one-bath units, this property offers a versatile mix that appeals to a wide range of renters. Each unit provides excellent potential for modernization and increased rental income, making it a perfect candidate for investors looking to enhance property value through strategic upgrades.

Located in a highly desirable neighborhood with a Walk Score of 89, this building is in a walkable area where tenants can easily access a variety of local amenities. Residents will appreciate the convenience of nearby shopping, dining, schools, and public transportation options, all within walking distance. This excellent location not only increases the prop-erty’s appeal to potential tenants but also supports strong, long-term occupancy rates.

With its ideal location and strong potential for value appreciation, this property is a great opportunity for investors seeking to maximize returns through renovation and improved management. The combination of its unit mix and the growing demand for quality rental housing in Chula Vista makes this nine-unit apartment building a valuable addition to any real estate portfolio.

Listed By:

Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094