579 Casselman St - Apartments FOR SALE


Chula Vista, CA 91910
$1,778,000 USD
619-358-3748
579 Casselman St, Chula Vista, CA for Sale
$1,778,000 USD
Apartments - FOR SALE
1/14
null | 4.47% Cap Rate

579 Casselman St
Chula Vista, CA 91910


HIGHLIGHTS

  • Great Unit Mix
  • 1.5 Miles From $1.5B Chula Vista Bay Front Development
  • Recent Improvments
  • Upside in Rental Income

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,778,000 USD

PRICE/SF

$531 USD /SF

# OF UNITS

4

PRICE/UNIT

$444,500

CAP RATE

4.47%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,104 SF

ZONING

-

APN/PARCEL ID

565-080-19-00

ASK ABOUT THIS PROPERTY

Seth WatjeStarker West, IncMore Info
619-358-3748

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Seth WatjeStarker West, IncMore Info
619-358-3748

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