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.
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Listing provided by
Marcus & Millichap
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