1608 Albany Ave

    Chula Vista, CA 91911
    • $795,000
    • STATUS: ACTIVE
    • ON SITE: 61 days
    • ID#: 180051098
    Price Reduced
    UPDATED: 64 min ago
    $795,000
    • 5
      BEDS
    • 0.26
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,795
      SQFT
    • $443
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    Description

    GREAT investment opportunity!!! 3 units, a single story detached 3 bed and a duplex. Plans have been drawn up to increase the 1 bedroom units into 3 bedroom units. Total rents would be close to $7,000 a month at that point. Two brand new concrete driveways and garages. Tenants pay ALL UTILITIES. Across the street from the park and very close to schools, shopping restaurants and freeways. Don't miss out on this opportunity.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/87413660

    1608 Albany Ave Chula Vista, CA 91911

    • Price: $795,000
    • Status: ACTIVE
    • Updated: 64 min ago
    • ID#: 180051098
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.26
    Acres
    1,795
    SQFT
    $443
    $/SQFT
    1970
    Built
    Neighborhood:
    Chula Vista
    County:
    San Diego
    Area:
    Chula Vista (91911)
    Elementary School:
    Chula Vista Elementary District
    Middle School:
    Sweetwater Union High School District
    High School:
    Sweetwater Union High School District
    Property Description
    GREAT investment opportunity!!! 3 units, a single story detached 3 bed and a duplex. Plans have been drawn up to increase the 1 bedroom units into 3 bedroom units. Total rents would be close to $7,000 a month at that point. Two brand new concrete driveways and garages. Tenants pay ALL UTILITIES. Across the street from the park and very close to schools, shopping restaurants and freeways. Don't miss out on this opportunity.
    Exterior Features

    Exterior StuccoWood Fencing Partial Frontage N/K Irrigation N/K Parking For RV On-Site Parking Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Detached Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 2 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 None Known Pool Heat None Known Roof Composition Site Corner Lot Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 0 View N/K

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 0 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 4.64 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 6500 Annual Expense Projected 6500 Association ID Pacific Southwest Association Of Realtors (Psar) Buildings 1 Cfd Mello Roos Fee 0 Community Chula Vista Complex Features N/K Complex Park None Cross Streets Tremont Gross Rent Multiplier Actual 18.75 Gross Rent Multiplier Project 17.11 Gross Scheduled Income Actual 50400 Gross Scheduled Income Project 55200 Home Owners Assoc Fee Includes N/K Home Owners Fees 0 Mandatory Remarks None Known Market Area South Bay Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 48700 Other Fee Type N/K Other Fees 0 Other Income Actual 0 Possession Close Of Escrow Projected Cap Rate 5.15 Projected Other Income 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Other/Remarks Tenant Pays TrashWaterElectricityHot Water Terms CashConventionalFhaVa Unit Number For Unit1 1608 Unit Number For Unit2 153A Unit Number For Unit3 153B Unit1 Deposit 2500 Unit1 Occupied Vacant Unit1 Projected Rent 2500 Unit1 Rent Actual 2500 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 1200 Unit2 Rent Actual 1000 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 1200 Unit3 Rent Actual 1000 Water Meter On Property Zoning R-1:Single

    Listing provided courtesy of Millennium Financial & Realty. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130