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134-138 5th Ave 7 Unit Apartment Building $3,259,200 CAD ($465,600 CAD/Unit) 6.38% Cap Rate Chula Vista, CA 91910
Executive Summary
Newmark, as exclusive advisor, is pleased to present the rare opportunity to acquire 134-138 5th Avenue (the “Property”), a 7-unit, newly remodeled, multifamily property located in the exceptionally supply constrained San Diego submarket of Chula Vista, California.
Strategically positioned at the gateway to downtown Chula Vista, the property enjoys seamless access to a vibrant mix of walkable retail, dining, and neighborhood amenities.
Strategically positioned at the gateway to downtown Chula Vista, the property enjoys seamless access to a vibrant mix of walkable retail, dining, and neighborhood amenities.
Property Facts
| Price | $3,259,200 CAD | Building Class | C |
| Price Per Unit | $465,600 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 5,197 SF |
| Cap Rate | 6.38% | 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 |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Chula Vista | ||
| Price | $3,259,200 CAD |
| Price Per Unit | $465,600 CAD |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| 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 |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 5+3 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 565-192-18 | Improvements Assessment | $1,120,289 CAD |
| Land Assessment | $1,373,257 CAD | Total Assessment | $2,493,547 CAD |
Property Taxes
Parcel Number
565-192-18
Land Assessment
$1,373,257 CAD
Improvements Assessment
$1,120,289 CAD
Total Assessment
$2,493,547 CAD
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134-138 5th Ave
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