274 Madrona Street, Chula Vista, CA 91910

$3,200,000

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List Price
$3,200,000
Status
PENDING
MLS#
240005516SD
Lot Size
12,000
Acres
0.28
Days on Market
48
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Eight extensively renovated apartment units in the heart of Chula Vista, California. Units and building have undergone extensive renovations in 2023. Upgrades include new appliances, individual HVAC, electrical panels, lighting fixtures, electrical receptacles, flooring, windows, interior/exterior paint, kitchens, and bathrooms. Units are comprised of Four 2 bed 1 bath and Four 1 bed 1 bath units situated on a 12,000 square foot lot with two on-site parking spaces per unit. Tenants enjoy close proximity to the highly desirable 3rd Avenue retail corridor which offers countless retail and dining options for both locals and tourists. Lot size and zoning offers the investor the prospect of building more units.

Additional Information

Heat
Forced Air
Cooling
Yes
Exterior Construction
Frame, Stucco
Roof
Composition
Attached Structure
Detached
Number Of Units Total
8
Gross Scheduled Income
$243,120
Operating Expense
75967

Listing courtesy of Listing Agent: Aziz Zakkout (aziz.zakkout@marcusmillichap.com) from Listing Office: Marcus & Millichap.

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.