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534 Flower Street

Chula Vista, CA 91910
  • $1,800,000
  • STATUS: ACTIVE
  • ON SITE: 63 Days
  • ID#: NDP2307838
UPDATED: 72 min ago
$1,800,000
  • 8
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

*Probate sale not subject to court overbid The Flower Street apartments at 534 Flower St in Chula Vista, comprises (3) 1-story detached buildings, each featuring two units, for a total of (6) units, averaging about 784 square feet. Built in the 60s, the property is a wood frame and stucco construction on a raised crawl foundation offering ample onsite parking, totaling approximately 12 parking spaces on recently poured concrete, and a few carports in between units. The title report states the building sitting on a 16,181 square foot lot, though there is no record of the exact year built and building square footage. The property is nestled within a residential neighborhood featuring a mix of single-family homes, condominiums, and apartment buildings. The property consists of (6) two-bedroom, one-bathroom units, each featuring a rear private fenced in yard/patio and separately metered for gas and electric. Each unit is averaging approximately $1,383 per month in rent, allowing for over 80% in rental upside. Interiors of most units include laminate, vinyl plank flooring combined with tile in kitchens and baths. Some units have newer cabinets and granite counters as well. Exterior upgrades include recently replaced dual-paned windows, stucco, landscaping, paint, and texturing. Units do not have A/C, and all have an individual gas, water heater and gas walls. There is an on-site common laundry room that is currently not in use. The Flower Street apartments enjoy a prime location just minutes from Downtown Chula Vista and the Chula Vista Mall. *Probate sale not subject to court overbid The Flower Street apartments at 534 Flower St in Chula Vista, comprises (3) 1-story detached buildings, each featuring two units, for a total of (6) units, averaging about 784 square feet. Built in the 60s, the property is a wood frame and stucco construction on a raised crawl foundation offering ample onsite parking, totaling approximately 12 parking spaces on recently poured concrete, and a few carports in between units. The title report states the building sitting on a 16,181 square foot lot, though there is no record of the exact year built and building square footage. The property is nestled within a residential neighborhood featuring a mix of single-family homes, condominiums, and apartment buildings. The property consists of (6) two-bedroom, one-bathroom units, each featuring a rear private fenced in yard/patio and separately metered for gas and electric. Each unit is averaging approximately $1,383 per month in rent, allowing for over 80% in rental upside. Interiors of most units include laminate, vinyl plank flooring combined with tile in kitchens and baths. Some units have newer cabinets and granite counters as well. Exterior upgrades include recently replaced dual-paned windows, stucco, landscaping, paint, and texturing. Units do not have A/C, and all have an individual gas, water heater and gas walls. There is an on-site common laundry room that is currently not in use. The Flower Street apartments enjoy a prime location just minutes from Downtown Chula Vista and the Chula Vista Mall.

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San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
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534 Flower Street Chula Vista, CA 91910

  • Price: $1,800,000
  • Status: ACTIVE
  • On Site: 63 Days
  • Updated: 72 min ago
  • ID#: NDP2307838
8
Beds
0
Baths
0
½ Baths
0.37
Acres
Neighborhood:
Downtown Chula Vista
County:
San Diego
Area:
Chula Vista (91910)
Property Description
*Probate sale not subject to court overbid The Flower Street apartments at 534 Flower St in Chula Vista, comprises (3) 1-story detached buildings, each featuring two units, for a total of (6) units, averaging about 784 square feet. Built in the 60s, the property is a wood frame and stucco construction on a raised crawl foundation offering ample onsite parking, totaling approximately 12 parking spaces on recently poured concrete, and a few carports in between units. The title report states the building sitting on a 16,181 square foot lot, though there is no record of the exact year built and building square footage. The property is nestled within a residential neighborhood featuring a mix of single-family homes, condominiums, and apartment buildings. The property consists of (6) two-bedroom, one-bathroom units, each featuring a rear private fenced in yard/patio and separately metered for gas and electric. Each unit is averaging approximately $1,383 per month in rent, allowing for over 80% in rental upside. Interiors of most units include laminate, vinyl plank flooring combined with tile in kitchens and baths. Some units have newer cabinets and granite counters as well. Exterior upgrades include recently replaced dual-paned windows, stucco, landscaping, paint, and texturing. Units do not have A/C, and all have an individual gas, water heater and gas walls. There is an on-site common laundry room that is currently not in use. The Flower Street apartments enjoy a prime location just minutes from Downtown Chula Vista and the Chula Vista Mall. *Probate sale not subject to court overbid The Flower Street apartments at 534 Flower St in Chula Vista, comprises (3) 1-story detached buildings, each featuring two units, for a total of (6) units, averaging about 784 square feet. Built in the 60s, the property is a wood frame and stucco construction on a raised crawl foundation offering ample onsite parking, totaling approximately 12 parking spaces on recently poured concrete, and a few carports in between units. The title report states the building sitting on a 16,181 square foot lot, though there is no record of the exact year built and building square footage. The property is nestled within a residential neighborhood featuring a mix of single-family homes, condominiums, and apartment buildings. The property consists of (6) two-bedroom, one-bathroom units, each featuring a rear private fenced in yard/patio and separately metered for gas and electric. Each unit is averaging approximately $1,383 per month in rent, allowing for over 80% in rental upside. Interiors of most units include laminate, vinyl plank flooring combined with tile in kitchens and baths. Some units have newer cabinets and granite counters as well. Exterior upgrades include recently replaced dual-paned windows, stucco, landscaping, paint, and texturing. Units do not have A/C, and all have an individual gas, water heater and gas walls. There is an on-site common laundry room that is currently not in use. The Flower Street apartments enjoy a prime location just minutes from Downtown Chula Vista and the Chula Vista Mall.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 3.06 Annual Expense Actual 41501 Buildings 3 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 8300 Home Owners Fees 0.0 Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1400.0 Unit2 Rent Actual 1300.0 Unit3 Rent Actual 1400.0 Unit4 Rent Actual 1400.0

San Diego MLS logo Listing provided courtesy of Eric Von Bluecher of Lee & Associates: 760-929-9700. Listing information © 2023 San Diego MLS Inc. Source: CR Paragon
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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