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137 Madison Avenue Chula Vista, CA 91910
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Chula Vista
MLS Listing ID 220013036SD
Sold Date 08/04/22
HOA Y/N No
Year Built 1958
Lot Size 6,198 Sqft
Property Description
Opportunity knocks in Chula Vista! This unique investment prospect features a single family 3BR/2B home and two additional 2/1 units: you can easily live in one and let the other two rentals help you cover costs! Main home boasts a converted garage, in-unit laundry, fully fenced private yard, private patio and a covered porch, real wood floors, and two tandem parking spaces. Duplex units feature large living rooms, eat-in kitchens, tiled bathrooms, and two-car tandem parking spaces with alley access. Lower unit has a fenced private yard. With stabilized cash flow, this property is a solid start for anyone's investment portfolio! Appears to be lots of upside on rents with longer term tenants in place. Nicely maintained in a good location. Estimated 25% annual expenses. Units added in 1976, Garage conversion was in 1975 Perfect income opportunity for the burgeoning investor! Fairly well maintained, this tenant-occupied property allows for buyer to see immediate return with minimal needed upgrades. Situated near local schools, shopping, Sweetwater Marsh National Refuge, and the I-5 and 54 freeways. All offers to be submitted on RPA (residential purchase agreement) Sewer: Sewer Connected Unit # for Unit 1: 137 Unit # for Unit 2: A Unit # for Unit 3: B Unit 1 Parking Spaces: 2 Unit 2 Parking Spaces: 2 Unit 3 Parking Spaces: 2 Unit 4 Parking Spaces: 0 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 91910 - Chula Vista
Zoning R-3:RESTRI
Interior
Cooling None
Fireplace No
Exterior
Pool None
Roof Type Composition,Rolled/Hot Mop
Total Parking Spaces 2
Private Pool No
Building
Story Multi/Split
Entry Level Multi/Split
Level or Stories Multi/Split
Others
Senior Community No
Tax ID 5651621000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing VA
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Bought with Natalie Frantz • Compass