1311 4th Ave | Chula Vista, CA 91911
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- LoopNet Team
1311 4th Ave
Chula Vista, CA 91911
James Place Apartments · Multifamily Property For Sale · 33 Units
Investment Highlights
- Excellent Mix - 12 - Three Bedroom Units & 21-Two Bedroom Units
- Below replacement cost - $314 / Sq. Ft.
- 1986 Construction (Post Lead Based Paint & Asbestos Issues)
- All Units Include a Patio or Balcony
- 80% Upside in Gross Rental Income thru Remodeling & Moving Rent Roll to Market Rents
- 6.26% Cap Rate and 10.61 GRM at Market Rents
PROPERTY FACTS
| No. Units | 33 | Building Size | 34,854 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 1.62 AC |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 34,854 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.58/1,000 SF |
Unit Amenities
- Balcony
- Garden
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | $1,550 | 1,150 |
| 2+2 | 17 | $1,500 | 950 - 1,000 |
| 2+1 | 4 | $1,400 | 840 |
PROPERTY TAXES
| Parcel Number | 619-290-11 | Improvements Assessment | $3,147,000 |
| Land Assessment | $7,000,000 | Total Assessment | $10,147,000 |
PROPERTY TAXES
Parcel Number
619-290-11
Land Assessment
$7,000,000
Improvements Assessment
$3,147,000
Total Assessment
$10,147,000
zoning
| Zoning Code | R-3 (Multi Residential) |
| R-3 (Multi Residential) |
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