6-Units with Residential Financing Available | 315 Ash Ave
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6-Units with Residential Financing Available 315 Ash Ave
6 Unit Apartment Building $2,790,000 ($465,000/Unit) 4.82% Cap Rate Chula Vista, CA 91910
Investment Highlights
- Completely Remodeled Top-to-Bottom
- In-Unit Washer and Dryer
- All Single-Level Units
- Rare Opportunity to Purchase 6-Units with Residential Financing
Executive Summary
Unique opportunity to purchase 6-units with residential financing. The property consists of two (2) adjacent 3-unit properties (APN#'s: 567-101-34-00 & 567-101-25-00). Completely remodeled top-to-bottom this property consists of all single-level units: (4) 2Bedroom/1Bathroom and (2) 1Bedroom/1Bathroom. All units have been completely remodeled and feature in-unit laundry and yards. This property is perfect for an owner occupant (VA, FHA eligible) or an investor looking for a turnkey multifamily property with maximum leverage. The property is furnished and is currently operated as a 'mid-term' rental to traveling nurses and military personnel, the Seller can deliver the property at closing as either: vacant, partially occupied with either mid-term or long-term tenants (contact agent to discuss). Currently a 4.83% Cap Rate / 13.95 GRM
Property Facts
| Price | $2,790,000 | Property Subtype | Apartment |
| Price Per Unit | $465,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.82% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 13.95 | Building Size | 4,020 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2023 |
| Price | $2,790,000 |
| Price Per Unit | $465,000 |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Gross Rent Multiplier | 13.95 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,020 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2023 |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,925 | - |
| 1+1 | 2 | $2,445 | - |
Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 567-101-34 | Improvements Assessment | $269,572 |
| Land Assessment | $509,796 | Total Assessment | $779,368 |
PROPERTY TAXES
Parcel Number
567-101-34
Land Assessment
$509,796
Improvements Assessment
$269,572
Total Assessment
$779,368
zoning
| Zoning Code | R2 (Residential) |
| R2 (Residential) |
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6-Units with Residential Financing Available | 315 Ash Ave
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