Chula Vista, CA 91910,137 Madison Avenue
Chula Vista, CA 91910,137 Madison Avenue
Chula Vista, CA 91910,137 Madison Avenue
$1,050,000
Est. payment /mo
$1,075,000
2.3%
Est.Price: ?

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6,198 Sqft Lot
SOLD DATE : 08/04/2022

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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California Regional MLS (CRMLS)
Listed by Gregg Neuman • Berkshire Hathaway HomeService
Bought with Natalie Frantz • Compass

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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