560 Park Way - Apartments FOR SALE


Chula Vista, CA 91910
$2,200,000 USD
858-945-7094
560 Park Way, Chula Vista, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/20
null | 4.58% Cap Rate

560 Park Way
Chula Vista, CA 91910


HIGHLIGHTS

  • Nine-unit value-add apartment building
  • Consisting of two (2) spacious two-bedroom, one-bath units and seven (7) comfortable one-bedroom, one-bath units
  • Located in a highly desirable neighborhood with a Walk Score of 89
  • Nearby shopping, dining, schools, and public transportation options

OVERVIEW

The Bove Group is proud to present this nine-unit value-add apartment building in Chula Vista, California, presents a prime investment opportunity. Consisting of two spacious two-bedroom, one-bath units and seven comfortable one-bedroom, one-bath units, this property offers a versatile mix that appeals to a wide range of renters. Each unit provides excellent potential for modernization and increased rental income, making it a perfect candidate for investors looking to enhance property value through strategic upgrades. Located in a highly desirable neighborhood with a Walk Score of 89, this building is in a walkable area where tenants can easily access a variety of local amenities. Residents will appreciate the convenience of nearby shopping, dining, schools, and public transportation options, all within walking distance. This excellent location not only increases the property’s appeal to potential tenants but also supports strong, long-term occupancy rates. With its ideal location and strong potential for value appreciation, this property is a great opportunity for investors seeking to maximize returns through renovation and improved management. The combination of its unit mix and the growing demand for quality rental housing in Chula Vista makes this nine-unit apartment building a valuable addition to any real estate portfolio.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

9

PRICE/UNIT

$244,444

CAP RATE

4.58%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,998 SF

ZONING

R3, Chula Vista

APN/PARCEL ID

567-140-09

ASK ABOUT THIS PROPERTY

Aaron BoveMarcus & MillichapMore Info
858-945-7094

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Aaron BoveMarcus & MillichapMore Info
858-945-7094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.