DON'T MISS A NEW LISTING AGAIN!

Register Now
Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!

How Do I Search For Homes? How do I save listings and Searches for Free Listing Updates?

Click Here for More Information

*Contact Information is NOT Shared*

Dan Dennison

Dan Dennison
Big Block Realty
San Diego, CA 92108

858-255-0052
Contact Me

Quick Search


view all


Any

Any

No Min.

No Max.
Back to Saved Search
Listing 15 out of 270
$2,500,000 For Sale

698 Sea Vale Street
Chula Vista, CA 91910

9 units | Multi Family 5+ - MLS# 180031503
Property Photo
1/6

Description

We are pleased to offer for sale the Sea Vale Apartment Homes, an attractive nine (9) unit apartment community located in the desirable rental community of northern Chula Vista, CA. The subject property is situated on a large lot totaling 37,124 square foot on two (2) contiguous parcels. The property is comprised of six (6) Three-Bedroom/One-bath units, three (3) Two-Bedroom/One-Bath units, totaling approximately 9,284 rentable square feet situated in six (6) residential buildings, and five (5) garages. The five (5) unit parcel consists of one (1) Two-Bedroom/One-Bath duplex, one (1) Three-Bedroom/One-Bath house, and one (1) Three-Bedroom/One-Bath & Two-Bedroom/One-Bath duplex and three (3) garages. The easterly parcel is comprised of one (1) Three-Bedroom/One & One Half-Bath duplex, two (2) Three-Bedroom/One-Bath homes, and two (2) garages. Residents enjoy ample off-street parking, private yards, and a private community feel.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 91910
  • Units: 9 units
  • Zoning: R-3
  • # of Baths (1): 1
  • # of Baths (2): 1
  • # of Baths (3): 1
  • # of Baths (4): 1
  • # of Baths (5): 1
  • # of Baths (6): 1.5
  • # of Baths (7): 1.5
  • # of Baths (8): 1
  • # of Baths (9): 1
  • # of Bedrooms (1): 2
  • # of Bedrooms (2): 2
  • # of Bedrooms (3): 3
  • # of Bedrooms (4): 3
  • # of Bedrooms (5): 2
  • # of Bedrooms (6): 3
  • # of Bedrooms (7): 3
  • # of Bedrooms (8): 3
  • # of Bedrooms (9): 3
  • # of Buildings: 6
  • # of Units (1): 1
  • # of Units (2): 1
  • # of Units (3): 1
  • # of Units (4): 1
  • # of Units (5): 1
  • # of Units (6): 1
  • # of Units (7): 1
  • # of Units (8): 1
  • # of Units (9): 1
  • # of Units w/Garage: 4
  • # of Units w/Refrigerator: 9
  • Actual Gardener Expense: 1800
  • Actual Gas & Electric: 49
  • Actual Gross Oper Income: 123326
  • Actual Gross Schd Income: 127140
  • Actual Ins. F&L Expense: 2700
  • Actual Maintenance Exp.: 6580
  • Actual Operating Expense: 57014
  • Actual Other Expense: 104
  • Actual Pest Control Exp.: 630
  • Actual Prop Management: 6166
  • Actual Taxes Expense: 28520
  • Actual Total Expense: 57014
  • Actual Trash Expense: 2623
  • Actual Wtr/Sewer Expense: 7841
  • Cap Rate Actual: 2.65
  • Floor Covering: Tile, Vinyl, Wall to Wall Carpet
  • Gross Equity: 2500000
  • Heating: Wall
  • Laundry: Owned
  • Listing Area: CHULA VISTA (91910)
  • Lot Size Area: .75 through 1.5 Acres
  • Lot SqFt: 37124
  • Monthly Rent Total: 10595
  • Parking: Garages, Spaces, 11-Car
  • Price/SF of Improvments: 269.28
  • Proj Annual P & I Expense: 76003
  • Proj Gardener Expense: 1800
  • Proj Gross Multiplier: 12.78
  • Proj Gross Operating Inc: 189732
  • Proj Maintenance Expense: 7650
  • Proj Operating Expense: 61404
  • Proj Prop Management Exp: 9487
  • Proj Vacancy & Credit Los: 5868
  • Proj Wtr/Sewer Expense: 7841
  • Proj. Gross Sched. Income: 195600
  • Projected Cash Flow: 52325
  • Projected Cash on Cash: 4.19
  • Projected F&L Ins Expense: 2700
  • Projected Gas & Electric: 9487
  • Projected Net Income: 128328
  • Projected Other Expense: 104
  • Projected Pest Expense: 630
  • Projected Taxes Expense: 28520
  • Projected Total Expense: 61404
  • Projected Trash Expense: 2623
  • Roof: Composition, Tile
  • Siding: Wood Fence
  • SqFt Source: Plans
  • SqFt of Improvement: 9284
  • Tenant Pays Electric: Yes
  • Tenant Pays Gas: Yes
  • Unit Rent (1): 950
  • Unit Rent (2): 1000
  • Unit Rent (3): 1500
  • Unit Rent (4): 1200
  • Unit Rent (5): 1045
  • Unit Rent (6): 1250
  • Unit Rent (7): 1200
  • Unit Rent (8): 1200
  • Unit Rent (9): 1250
  • Unit Rent Total (1): 950
  • Unit Rent Total (2): 1000
  • Unit Rent Total (3): 1500
  • Unit Rent Total (4): 1200
  • Unit Rent Total (5): 1045
  • Unit Rent Total (6): 1250
  • Unit Rent Total (7): 1200
  • Unit Rent Total (8): 1200
  • Unit Rent Total (9): 1250
  • Unit Type: Apartment
Courtesy of Acre Investment Real Estate



Dan Dennison | 858-255-0052 | Contact Me
2820 Camino del Rio S Ste. 314 - San Diego, CA 92108
Copyright © 2017, All Rights Reserved