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569 Park Way

Chula Vista, CA 91910
  • $2,795,000
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: 240024394
Price Reduced
UPDATED: 80 min ago
$2,795,000
  • 14
    BEDS
  • 0.35
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

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).

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/156731309
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569 Park Way Chula Vista, CA 91910

  • Price: $2,795,000
  • Status: ACTIVE
  • On Site: 29 Days
  • Updated: 80 min ago
  • ID#: 240024394
14
Beds
8
Baths
0
½ Baths
0.35
Acres
Neighborhood:
Chula Vista (91910)
County:
San Diego
Area:
Chula Vista (91910)
Property Description
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).
Exterior Features

Carports 0 Parking Spaces Total 9 Units With Garages 2

Interior Features

Sq Ft Of Improvement 5575 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Unit Furnished6 No Unit Furnished7 No Units With Dishwashers 7 Units With Disposals 7 Units With Ranges 7 Units With Refrigerators 7

Property Features

Actual Cap Rate 5.0 Actual Gross Operating Income 0 Actual Gross Scheduled Income 206760.0 Actual Operating Expense 66556 Actual Vacancy And Credit Loss 0 Assumable Finance 0 Buildings 3 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 2795000 Gross Multiplier 13.52 Have 7 Remodeled Units Leased Apartments 7 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 17170 Motive Want Sell Other Income Actual 720 Present Loan 0 Projected Cap Rate 5.86 Projected Gross Multiplier 12.00 Projected Gross Operating Inc $225932 Projected Gross Scheduled Inc 232920 Projected Net Income 163720 Projected Operating Expense 62212 Projected Other Income $720 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Rent Total1 1595 Unit Rent Total2 1995 Unit Rent Total3 2750 Unit Rent Total4 3250 Unit Rent Total5 2750 Unit Rent Total6 2750 Unit Rent Total7 2850 Unit Rent1 1595 Unit Rent2 1995 Unit Rent3 2750 Unit Rent4 3250 Unit Rent5 2750 Unit Rent6 2750 Unit Rent7 2850 Unit Type Other/Remarks Zoning R3P22

San Diego MLS logo Listing provided courtesy of James Carter of Apartment Realty Group (ARG): 619-784-1031. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128