Chula Bella Apartments

1225 Third Avenue, Chula Vista, CA 91911

$2,875,000

10 Units • $287,500 per unit

Asset Type

Multifamily

Units

Price

$2,875,000

Price / Unit

$287,500

Building Size

5,940 SF

Price / SF

$484

Year Built

1970

Lot Size

11,761 SF

Zoning

CCP - Mixed Use Residential

Parking

10 spaces

Property overview

SoCal Coastal Capital is proud to present Chula Bella Apartments at 1225 Third Avenue. This turnkey 10-unit property offers an opportunity to acquire a fully stabilized asset on Third Avenue. Built in 1970, the property has been fully renovated with in-place RUBS. All units are 1-bed/1-bath averaging 594 sq ft with a desirable layout.

The building sits on an 11,761 square foot lot and totals 5,940 rentable square feet. Capital improvements include new railing, a new roof, and plumbing. Ample on-site parking is available with 10 spaces. The property boasts a Walk Score of 81 with a CCP — Mixed Use Residential zoning designation.

Investment highlights

Turnkey asset — updated roof, ABS plumbing, and in-place RUBS.

Strong rental appeal — near Third Avenue Village with strong demand drivers and freeway access.

Walkable location — Walk Score of 81; shops and dining along Third Avenue Village.

Gaylord Pacific proximity — the Resort & Convention Center is transforming the Chula Vista Bayfront.

Chula Bella Apartments

Property overview

Investment highlights

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