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134-138 5th Ave 7 Unit Apartment Building $3,593,118 CAD ($513,303 CAD/Unit) 5.95% Cap Rate Chula Vista, CA 91910
INVESTMENT HIGHLIGHTS
- Recently Renovated (2022) – Modern updates throughout all 7 units.
- Three Separate Structures – Enhanced privacy and tenant separation.
- Large 15,000 SF Lot – Ample surface parking for all tenants.
- Upgraded Interiors – New paint, quartz countertops, and brand-new appliances.
- On-Site Laundry – Convenient amenity for residents.
- Prime Chula Vista Location – Easy access to I-5 & SR-54 freeways.
EXECUTIVE SUMMARY
Introducing a recently renovated 7-unit property, updated in 2022. Each unit features new interior paint, modern kitchens with quartz countertops, and brand-new appliances. With 3 separate structures, tenants enjoy enhanced privacy and separation. Convenient on-site laundry adds to the ease of living. Situated on a massive 15,000 sq ft lot, there is ample parking for all residents. Ideally located near the 5 and 54 freeways, offering quick access to major routes. A great, stabilized investment opportunity in a prime location!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$306,716
|
$59.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,202
|
$1.77
|
| Effective Gross Income |
$297,514
|
$57.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$83,716
|
$16.11
|
| Net Operating Income |
$213,798
|
$41.14
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $306,716 |
| Annual Per SF | $59.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,202 |
| Annual Per SF | $1.77 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $297,514 |
| Annual Per SF | $57.25 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $83,716 |
| Annual Per SF | $16.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $213,798 |
| Annual Per SF | $41.14 |
PROPERTY FACTS
| Price | $3,593,118 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $513,303 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.95% | Building Size | 5,197 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | R3, Chula Vista | ||
| Price | $3,593,118 CAD |
| Price Per Unit | $513,303 CAD |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| Gross Rent Multiplier | 11 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,197 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3, Chula Vista |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Handrails
- Lawn
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 1 | $5,838 CAD | 1,500 |
| 2+2 | 2 | $3,729 CAD | 850 |
| 1+1 | 4 | $3,019 CAD | 656 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 565-192-18 | Improvements Assessment | $1,158,903 CAD (2025) |
| Land Assessment | $1,420,590 CAD (2025) | Total Assessment | $2,579,493 CAD (2025) |
PROPERTY TAXES
Parcel Number
565-192-18
Land Assessment
$1,420,590 CAD (2025)
Improvements Assessment
$1,158,903 CAD (2025)
Total Assessment
$2,579,493 CAD (2025)
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134-138 5th Ave
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