173-175 Brightwood Ave
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173-175 Brightwood Ave
7 Unit Apartment Building $3,245,000 ($463,571/Unit) 4.73% Cap Rate Chula Vista, CA 91910
Executive Summary
Fantastic opportunity to purchase an extremely well-located and completely remodeled 7-unit apartment community in Chula Vista. The property is situated on a 15,936sf lot and consists of a 3Bedroom/1Bath front house, (4) 2Bedroom/1Bath Units, (1) 1Bedroom/1Bath and one Studio Unit. Amenities include high-end finishes, private patios/yards, onsite parking and in-unit laundry (all units).
Property Facts
| Price | $3,245,000 | Apartment Style | Low Rise |
| Price Per Unit | $463,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 4.73% | Building Size | 5,171 SF |
| Gross Rent Multiplier | 14.2 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Price | $3,245,000 |
| Price Per Unit | $463,571 |
| Sale Type | Investment |
| Cap Rate | 4.73% |
| Gross Rent Multiplier | 14.2 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,171 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.55/1,000 SF |
Unit Amenities
- Balcony
- Fireplace
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,295 | 500 |
| 2+1 | 4 | $2,745 | 650 - 700 |
| 3+2 | 1 | $3,895 | 1,200 |
| Studios | 1 | $1,895 | 374 |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 565-262-05 | Improvements Assessment | $794,500 |
| Land Assessment | $969,000 | Total Assessment | $1,763,500 |
PROPERTY TAXES
Parcel Number
565-262-05
Land Assessment
$969,000
Improvements Assessment
$794,500
Total Assessment
$1,763,500
zoning
| Zoning Code | R3, Chula Vista |
| R3, Chula Vista |
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James V. Carter -
Apartment Realty Group
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173-175 Brightwood Ave
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