Bronze Door Apartments 122 3rd Ave 29 Unit Apartment Building $11,689,561 CAD ($403,088 CAD/Unit) 4.07% Cap Rate Chula Vista, CA 91910

Bronze Door Apartments is a well-maintained, garden-style community totaling 29 apartment homes across two adjacent parcels in Chula Vista, California. The first parcel features a 2BD/1BA detached home with a single-car garage and a duplex containing two additional 2BD/1BA units. The second parcel comprises a 26-unit apartment building offering a mix of one- and two-bedroom floor plans.
Community amenities include secured entry, common-area laundry facilities, outdoor seating and barbecue areas, a water feature, and a gazebo. The property provides ample on-site parking with 39 total spaces, including one garage space. The asset has been thoughtfully cared for, with the majority of units already renovated to varying finish levels. Rents were last increased on 5/1/25; however, multiple units remain significantly below market, allowing a buyer to implement immediate rent increases across more than a dozen units with minimal risk of tenant turnover. Additionally, a strategic interior and exterior renovation program offers the potential to further enhance rents and improve overall operating performance.
Located just one block north of the vibrant Third Avenue Village District, Bronze Door Apartments benefits from a prime Chula Vista location near the Bayfront, and numerous retail and service options. Residents enjoy walkable access to shops, restaurants, local businesses, and the weekly farmers market. Transportation access is another key advantage: the property offers immediate connectivity to Interstate 5, along with convenient public transit options, including multiple bus routes and close proximity to the nearest light-rail station served by the San Diego Trolley.