Zenith Triplex | 230 Zenith St
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Zenith Triplex 230 Zenith St
3 Unit Apartment Building $1,299,999 ($433,333/Unit) 5.71% Cap Rate Chula Vista, CA 91911
Investment Highlights
- Huge lot, ability to add ADUs
- Front unit and middle unit freshly and fully renovated
- 100% turnkey property, with rental upside on townhome unit
- Brand new roofs on both structures, new tankless water heaters, new central AC in front house, many other upgrades
Executive Summary
PRICED TO SELL! 5.8 Cap deal that can easily be a 6.5 cap! Make this charming turnkey gem yours! Perfect for owner occupant or a first investment, but all buyers will find great value. Situated on over 7k SF, the lot allows for all 3 units to truly feel like private living, including private yards, ample parking and great landscaping for all. Unit mix boasts: front 3BR 2BA house, middle 2BR 2BA unit, and rear 2BR 2BA townhome. The property is fully renovated including: new roofs on all units, brand new HVAC and ducting in front home, new paint throughout, fully renovated interiors including kitchens, cabinets, flooring, windows, vanities, tubs and more. Units have had extensive electrical and plumbing upgrades throughout as well. Come tour your future triplex today! Call Florian - 619-894-3030
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,708
|
$39.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,171
|
$1.17
|
| Effective Gross Income |
$102,537
|
$37.98
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,018
|
$10.38
|
| Net Operating Income |
$74,519
|
$27.60
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $105,708 |
| Annual Per SF | $39.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,171 |
| Annual Per SF | $1.17 |
| Effective Gross Income | |
|---|---|
| Annual | $102,537 |
| Annual Per SF | $37.98 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $28,018 |
| Annual Per SF | $10.38 |
| Net Operating Income | |
|---|---|
| Annual | $74,519 |
| Annual Per SF | $27.60 |
Property Facts
| Price | $1,299,999 | Property Subtype | Apartment |
| Price Per Unit | $433,333 | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 2,700 SF |
| Cap Rate | 5.71% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.2 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1957/2024 |
| Property Type | Multifamily | Parking Ratio | 1.85/1,000 SF |
| Price | $1,299,999 |
| Price Per Unit | $433,333 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| Gross Rent Multiplier | 13.2 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2024 |
| Parking Ratio | 1.85/1,000 SF |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,600 | 900 |
| 2+2 | 1 | $2,600 | 800 |
| 2+1.5 | 1 | $2,100 | 1,000 |
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Walk Score ®
Very Walkable (73)
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Zenith Triplex | 230 Zenith St
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