7-Units Remodeled (Chula Vista) | 569 Park Way
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7-Units Remodeled (Chula Vista) 569 Park Way
7 Unit Apartment Building $2,795,000 ($399,286/Unit) 5% Cap Rate Chula Vista, CA 91910
Investment Highlights
- All Units Have Been Remodeled
- Fantastic Unit Mix of 3-Bdrm, 2-Bdrm and 1-Bedroom Units
- Spacious Floor Plans, Mostly Single-Level Units
- Northwest Chula Vista Location
- (2) Single-Car Garages
- In-Unit Laundry (Select Units)
Executive Summary
Completely remodeled 7-unit apartment community in northwest Chula Vista. The property is situated on a 15,247sf lot and consists of two (2) 3Bedroom/1Bath, (2) 2Bedroom/1Bath, (1) 2Bedroom/2Bath and two (2) 1Bedroom/1Bath. Property amenities include yards, mini-split air-conditioning, onsite parking and in-unit laundry (select units).
Property Facts
| Price | $2,795,000 | Apartment Style | Low Rise |
| Price Per Unit | $399,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5% | Building Size | 7,650 SF |
| Gross Rent Multiplier | 13.52 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1967/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Price | $2,795,000 |
| Price Per Unit | $399,286 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 13.52 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,650 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2024 |
| Parking Ratio | 1.87/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,795 | 500 - 700 |
| 2+1 | 2 | $2,750 | 800 - 900 |
| 2+2 | 1 | $2,850 | 850 - 900 |
| 3+1 | 2 | $3,050 | 950 - 1,150 |
Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 567-103-11 | Improvements Assessment | $750,000 |
| Land Assessment | $1,000,000 | Total Assessment | $1,750,000 |
PROPERTY TAXES
Parcel Number
567-103-11
Land Assessment
$1,000,000
Improvements Assessment
$750,000
Total Assessment
$1,750,000
zoning
| Zoning Code | R3P22 |
| R3P22 |
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James V. Carter -
Apartment Realty Group
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7-Units Remodeled (Chula Vista) | 569 Park Way
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