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23736887
23736915

520 Glover Ave, Chula Vista, CA 91910

DM
CA 01448424
Mejia Estates
Listed by Mejia Estates
$1,699,000
367 days on market
Updated 142 days ago

Chula Vista Multi-Family Fourplex

Details
APN 573-010-12-00
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 6.51%
NOI $110,533
Occupancy 100%
Pro-Forma Cap Rate 7.41%
Pro-Forma NOI $125,880
Broker Co-Op Yes
Class A
Year Built 1960
Year Renovated 1
Buildings 2
Stories 1
Lot Size (SqFt) 8,493
Parking Spaces 12 spaces
Investment Type Stabilized
Occupancy Date 06/12/2025
Ownership Fee simple

remodeled 4 unit Unvestment property near $10 billion bayfront project

Marketing description

Unlock Premier Investment! Seize this meticulously maintained 4-plex, boasting a new roof (installed 2025), and poised to deliver substantial returns of $120,000 annual gross income

potential. Enjoy streamlined management thanks to individual water sub-meters allowing tenants to pay their own water/sewer, plus tenants directly paying their own trash, minimizing your

responsibilities to property taxes, insurance, maintenance and landscaping. Benefit from a dedicated on-site storage closet for efficient operations. The property features three spacious,

updated 2-bedroom, 1-bathroom units and a versatile studio, ensuring strong tenant appeal. Each unit has been thoughtfully refreshed over the last decade, with the latest renovation on Unit

B completed last year. Modern convenience is key, with each unit boasting private patios equipped with washer and dryer hookups. The detached home offers flexible parking options

including potential boat or RV parking or space for up to 5 cars plus a 1-car garage, while each of the other three units features 2 parking spots each. Strategically located in a highly

sought-after neighborhood, this income-generating asset offers unparalleled access to the vibrant pulse of Downtown Chula Vista and is ideally situated near the transformative $10 billion

Bayfront development – promising significant future growth and desirability. Don't miss this exceptional opportunity to acquire a robust, income-producing property in a prime location,

perfectly positioned for both stable returns and long-term appreciation.

Listing Contacts

DM
CA 01448424
Mejia Estates
Listed by Mejia Estates

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$110,533.00
$9,211.08/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

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Additional Information

Name
David Mejia
License
01448424
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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