Photo of Ken Baer

Ken Baer

619.248.4200

DRE# 01334769



$2,500,000

  • COMMERCIAL-RES INCOME
  • PENDING
  • MLS# 180017831

Description

311-325 G Street is a 10 unit apartment portfolio located just off Third Avenue in Chula Vista, California. Built in 1928, the subject property is situated on three separate parcels totaling 0.60 acres and is comprised of four one-bedroom/one-bathroom units, two one-bedroom/one-bath cottages, and four two-bedroom/one-bathroom cottages totaling approximately 5,820 rentable square feet. Residents enjoy the cottage style layout and spacious, well-maintained grounds. This Property is an opportunity for an investor to purchase a solid investment in a strong rental submarket. The new owner will enjoy the security of having the property situated near comparable apartment complexes and local shopping and restaurants. This offering is perfect for a long-term investor seeking a value-add opportunity with proven upside in rents and multiple disposition and potential development opportunities. The Property is being offered free and clear of debt.

Property Details

Property type:
Commercial-Res Income

Location

County:
San Diego

Additional Details

Number of Units:
10
Price Per Unit:
$250,000
Down Payment:
$1,550,000
Gross Equity:
$250,000
SqFt of Improvement:
5,820
Assessors Parcel #:
568-300-08-00

Unit Details

Unit 1
Number of Units:
4
Number of Bedrooms:
1
Number of Baths:
1
Unit 2
Number of Units:
2
Number of Bedrooms:
1
Number of Baths:
1
Unit 3
Number of Units:
4
Number of Bedrooms:
2
Number of Baths:
1

Listing provided by

Marcus & Millichap
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Chula Vista

The ninth fastest growing city in California and the second most populated in San Diego with approximately 245,000 residents, Chula Vista is seven miles from both downtown San Diego and the Mexico border. Meaning beautiful view in Spanish, Chula Vista was named for its proximity to the scenic San Diego Bay and coastal mountain foothills. It is home to one of the country’s few year-round ... Read More

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Presented By
Ken
Baer

DRE# 01334769

619.248.4200

Email Me
Presented By
Ken
Baer

DRE# 01334769

619.248.4200

Email Me

Willis Allen Real EstateThis 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 Sandicor®. 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 © 2018 Sandicor®, Inc.