317 Tremont Street is a newly renovated six unit apartment complex in the booming rental market of Chula Vista! The property consists of six 2 bedroom/1 baths all completely renovated with rents average from $2,195-$2,350! The renovation features new flooring, appliances, cabinets, fresh paint, and massive curb appeal! There are parking spots and laundry on-site for tenant use.

Exterior Fully LandscapedWood Fence Parking Spaces Parking Spaces Total 12 Roof Composition Units With Garages 0

Laundry Owned Sq Ft Of Improvement 0 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Unit Furnished6 No Units With Dishwashers 6 Units With Disposals 6 Units With Drapes 0 Units With Ranges 6 Units With Refrigerators 6

Actual Cap Rate 5.1 Actual Cash Flow 14561 Actual Fl Ins Expense 3347 Actual Gas And Electric 2520 Actual Gross Operating Income 161541 Actual Gross Scheduled Income 165300.0 Actual Maintenance Expense 4500 Actual Operating Expense 54414 Actual Pest Control Expense 900 Actual Prop Management 8265 Actual Taxes Expense 27600 Actual Trash Expense 2122 Actual Vacancy And Credit Loss 4959 Actual Water Sewer Expense 3960 Assumable Finance 0 Buildings 1 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 0 Gross Multiplier 13.2 Have Property Leased Apartments 6 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 13775 Motive Want Sell Projected Cap Rate 4.6 Projected Fl Ins Expense 3347 Projected Gas And Electric 2520 Projected Gross Multiplier 14 Projected Gross Operating Inc 165870 Projected Gross Scheduled Inc 171000 Projected Maintenance Expense 4500 Projected Net Income 111456 Projected Operating Expense 54414 Projected Pest Expense 900 Projected Property Mgmt Expense 8265 Projected Taxes Expense 27600 Projected Trash Expense 2122 Projected Vacancy And Credit Loss 5130 Projected Water And Sewer Expense 3960 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 1 Unit Number2 2 Unit Number3 3 Unit Number4 4 Unit Number5 5 Unit Number6 6 Unit Rent Total1 2195 Unit Rent Total2 2195 Unit Rent Total3 2295 Unit Rent Total4 2300 Unit Rent Total5 2300 Unit Rent Total6 2300 Unit Rent1 2195 Unit Rent2 2195 Unit Rent3 2295 Unit Rent4 2300 Unit Rent5 2300 Unit Rent6 2300 Zoning R-3

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Date	Days Ago	Event	New Price
May 12, 2023	142 days ago	Price Increased : $200,000 (9.11%)	$2,395,000
Jan 17, 2023	258 days ago	Price Reduced : $-100,000 (-4.36%)	$2,195,000
Nov 11, 2022	325 days ago	Price Reduced : $-100,000 (-4.18%)	$2,295,000
Sep 22, 2022	374 days ago	New on market	$2,395,000

317 Tremont St.

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317 Tremont St. Chula Vista, CA 91910

Property Description

Exterior	Fully Landscaped Wood Fence
Parking	Spaces
Parking Spaces Total	12
Roof	Composition
Units With Garages	0

Laundry	Owned
Sq Ft Of Improvement	0
Unit Furnished1	No
Unit Furnished2	No
Unit Furnished3	No
Unit Furnished4	No
Unit Furnished5	No
Unit Furnished6	No
Units With Dishwashers	6
Units With Disposals	6
Units With Drapes	0
Units With Ranges	6
Units With Refrigerators	6

Actual Cap Rate	5.1
Actual Cash Flow	14561
Actual Fl Ins Expense	3347
Actual Gas And Electric	2520
Actual Gross Operating Income	161541
Actual Gross Scheduled Income	165300.0
Actual Maintenance Expense	4500
Actual Operating Expense	54414
Actual Pest Control Expense	900
Actual Prop Management	8265
Actual Taxes Expense	27600
Actual Trash Expense	2122
Actual Vacancy And Credit Loss	4959
Actual Water Sewer Expense	3960
Assumable Finance	0
Buildings	1
Flood Zone	Hazard Unknown
Geological Hazard Zone	Hazard Unknown
Gross Equity	0
Gross Multiplier	13.2
Have	Property
Leased Apartments	6
Mandatory Remarks	None Known
Market Area	South Bay
Monthly Rent Total	13775
Motive Want	Sell
Projected Cap Rate	4.6
Projected Fl Ins Expense	3347
Projected Gas And Electric	2520
Projected Gross Multiplier	14
Projected Gross Operating Inc	165870
Projected Gross Scheduled Inc	171000
Projected Maintenance Expense	4500
Projected Net Income	111456
Projected Operating Expense	54414
Projected Pest Expense	900
Projected Property Mgmt Expense	8265
Projected Taxes Expense	27600
Projected Trash Expense	2122
Projected Vacancy And Credit Loss	5130
Projected Water And Sewer Expense	3960
Short Sale	No
Tenant Pays Electric	Y
Tenant Pays Gas	Y
Tenant Pays Water	N
Unit Number1	1
Unit Number2	2
Unit Number3	3
Unit Number4	4
Unit Number5	5
Unit Number6	6
Unit Rent Total1	2195
Unit Rent Total2	2195
Unit Rent Total3	2295
Unit Rent Total4	2300
Unit Rent Total5	2300
Unit Rent Total6	2300
Unit Rent1	2195
Unit Rent2	2195
Unit Rent3	2295
Unit Rent4	2300
Unit Rent5	2300
Unit Rent6	2300
Zoning	R-3