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579 Casselman St

Chula Vista, CA 91910
  • $1,778,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 250017059
$1,778,000
  • 9
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 3,100
    SQFT
  • $574
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1989
County:

Description

This is an incredible opportunity to acquire a well-located multifamily property in West Chula Vista. Built in 1989, the property features spacious units with a unique and desirable mix, including a 3-bedroom, 2-bathroom unit; a 2-bedroom, 2-bathroom unit with a den; and two 2-bedroom, 2-bathroom units. One unit has been fully renovated and left vacant, making it an ideal option for FHA or VA buyers looking to owner-occupy while generating rental income. The remaining three units are tenant-occupied and offer significant upside in rental income. These units have been upgraded over the years and feature new appliances throughout, making them highly desirable for tenants and investors alike. Exterior upgrades include new windows, a newer roof, onsite laundry, and convenient off-street parking. With its combination of immediate rental income, spacious units, and long-term value appreciation, this property is a must-see opportunity in the highly desirable Chula Vista market.

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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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/159659919
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579 Casselman St Chula Vista, CA 91910

  • Price: $1,778,000
  • Status: ACTIVE
  • On Site: 16 Days
  • ID#: 250017059
9
Beds
8
Baths
0
½ Baths
N/A
Acres
3,100
SQFT
$574
$/SQFT
1989
Built
Neighborhood:
Chula Vista
County:
San Diego
Area:
Chula Vista (91910)
Elementary School:
Chula Vista Elementary District
Middle School:
Sweetwater Union High School District
High School:
Sweetwater Union High School District
Property Description
This is an incredible opportunity to acquire a well-located multifamily property in West Chula Vista. Built in 1989, the property features spacious units with a unique and desirable mix, including a 3-bedroom, 2-bathroom unit; a 2-bedroom, 2-bathroom unit with a den; and two 2-bedroom, 2-bathroom units. One unit has been fully renovated and left vacant, making it an ideal option for FHA or VA buyers looking to owner-occupy while generating rental income. The remaining three units are tenant-occupied and offer significant upside in rental income. These units have been upgraded over the years and feature new appliances throughout, making them highly desirable for tenants and investors alike. Exterior upgrades include new windows, a newer roof, onsite laundry, and convenient off-street parking. With its combination of immediate rental income, spacious units, and long-term value appreciation, this property is a must-see opportunity in the highly desirable Chula Vista market.
Exterior Features

Exterior StuccoWoodWood/Stucco Fencing Partial Irrigation N/K Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Roof Composition Site Street Paved Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 2 View N/K

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 1 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 4.5 Age Restrictions N/K Annual Expense Actual 34210 Annual Expense Projected 34210 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community CHULA VISTA Complex Features N/K Complex Park NA Cross Streets Casselman & Broadway Gross Rent Multiplier Actual 15.2 Gross Rent Multiplier Project 12.0 Gross Scheduled Income Actual 117264 Gross Scheduled Income Project 147900 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 109253 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.1 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms Cal VetCashConventionalFHAVA Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 3650.0 Unit1 Rent Actual 0.0 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 2650.0 Unit2 Rent Actual 1845.0 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 3250 Unit3 Rent Actual 2200.0 Unit4 Deposit 1000 Unit4 Occupied Tenant Unit4 Projected Rent 2650 Unit4 Rent Actual 1953.0 Water Meter on Property Water District SWEETWATER AUTHORITY

San Diego MLS logo Listing provided courtesy of Seth Watje of Starker West, Inc.: 619-358-3748. Listing information © 2025 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 © 2025 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