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$1,450,000
Est. payment /mo
6,329 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250039163SD
HOA Y/N No
Lot Size 6,329 Sqft
Property Sub-Type Mixed Use
Property Description
Located just east of Interstate 5 in Chula Vista, the 120 Madison Avenue Apartments present a compelling five-unit investment opportunity in one of San Diego County's fastest-growing cities. Built in 1956, the property consists of three 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, situated on a 6,330 square foot lot. The property offers off-street parking and the potential to create private yard spaces, enhancing both functionality and tenant appeal. Each unit is equipped with an individual hot water heater, and the classic mid-century construction features pitched roofs and efficient, functional floor plans that have proven timeless for renters. With current rents positioned below market, investors have an immediate opportunity to add value through renovations and capitalize on strong rental upside. Chula Vista has grown into San Diego County's second-largest city, now home to more than 260,000 residents. Ideally located close to schools, just seven miles from the U.S.–Mexico border, and approximately nine miles from Downtown San Diego, the community offers cultural vibrancy, economic growth, and consistent rental demand. Combining strong fundamentals, strategic location, and clear value-add potential, 120 Madison Avenue Apartments represents a well-positioned multifamily investment for both income and long-term appreciation. With Accepted Offer
Location
State CA
County San Diego
Area 91910 - Chula Vista
Interior
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 5
Others
Tax ID 5651611600
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
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Listed by Seth Watje Starker West, Inc.
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