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Key Details
Sold Price $802,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Chula Vista
MLS Listing ID 220014906SD
Sold Date 07/26/22
HOA Y/N No
Year Built 1973
Property Description
We are pleased to present 54-58 Smith Ave located in Chula Vista, California. Built in 1973, the property features two very spacious 1 bedroom / 1 bath units, and one non-conforming 1 bedroom / 1 bath with a private fenced front yard. All units have walk-in closets, large kitchens with dining area, and charming living rooms. The property benefits from a solar system that services two of the units plus the laundry room. There is a garage, assigned 2 parking spaces, a large storage room, and onsite laundry. There is significant value add potential through rent increases and renovations, additionally there is the opportunity to live in one unit and benefit from the income from the other two units. The property is located in the desirable West Chula Vista neighborhood, a very strong rental market that experienced approximately 17% rent growth in 2021. OFFERS DUE BY JUNE 28TH, 2022 Sewer: Sewer Connected Unit # for Unit 1: 1 Unit # for Unit 2: 1 Unit # for Unit 3: 1 Number of Furnished Units: 0
Location
State CA
County San Diego
Area 91910 - Chula Vista
Building/Complex Name NA
Zoning R-3
Interior
Cooling Central Air
Fireplace No
Exterior
Fence None
View Y/N No
View None
Roof Type Composition
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5650801200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Rita Lancaster-Hannah • Acre Investment Real Estate