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PENDING

462 3rd Avenue, Chula Vista, CA 91910$1,100,000

4
beds
4
baths
· 5169
ft2 lot

Listing provided courtesy of Jeremiah Taylor, South Coast Commercial, Inc.
Source CRMLS;
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LOCATION, LOCATION, LOCATION! This 4-unit property is in the highly sought after 3rd Avenue Village District of Chula Vista. Walk to restaurants, the park and the Chula Vista Mall. Located in a "Transit Focus Area": New zoning allows construction of 20 to 30 units and some parking variances. Great development property that allows developer to receive income while going through permitting process. Rents have upside across the board. Property consists of (1) commercial unit, (1) 2 bed/1 bath unit, & (2) 1 bed/1 bath units on a 5,169 SF lot. Sewer: Sewer Connected Unit # for Unit 1: 462 1/2 Unit # for Unit 2: 462 Unit # for Unit 3: 464 1/2 Unit # for Unit 4: 464 Number of Furnished Units: 0 Topography: LL

HOA

$0/month

On market

4 months

Year built

1957

Property type

Multi-Family

Parking

MLS

210022876

Price / Sq.Ft.

ft2

Status

Pending

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Home details for 462 3rd Avenue

Interior Features & Layout
Appliances
•   
Appliances: Gas Water Heater
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Electric
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: UC-2(Comm)
•   
Roof: Composition
•   
Stories Total: 1
•   
Num Stories: One
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1187
•   
Lot Size Area: 5169.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Fencing: Partial
Listing Details, Costs & Financing Information
Lease Info
•   
Net Operating Income: 42062.00
Financial Info
•   
Cap Rate: 3.82
•   
Gross Scheduled Income: 65400.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1550.00
•   
Unit 3 Bathrooms: 1
Unit 2 Information
•   
Unit 2 Actual Rent: 1400.00
•   
Unit 2 Bathrooms: 1
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1250.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1250.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
Number With Refrigerator: 3
•   
# Of Units: 4
•   
Number With Patio: 3
•   
Number With Range: 3
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Chula Vista
•   
Subdivision: Chula Vista
School Info
•   
Directions: CrossStreet: Alvarado St, Roosevelt St
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Unbranded
Other
Calculation
•   
Dom: 68
•   
Cdom: 68

Neighborhood snapshot

Flyhomes
California
San Diego
Chula Vista
Downtown Chula Vista
29
Properties for sale
7
Median days on market
$406.64
Median sold price/sqft
102.86%
Sold/List %
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Property History for 462 3rd Avenue

10/18/2021
10/18/2021
CRMLS #210022876
pending
CRMLS #210022876
$1,100,000
09/13/2021
09/13/2021
CRMLS #210022876
active
CRMLS #210022876
$1,100,000
--4.35%
08/11/2021
08/11/2021
CRMLS #210022876
active
CRMLS #210022876
$1,150,000

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