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317 Tremont St 6 Unit Apartment Building $3,041,500 CAD ($506,917 CAD/Unit) 5.91% Cap Rate Chula Vista, CA 91911
INVESTMENT HIGHLIGHTS
- Fully Renovated Units – All six 2-Bed/1-Bath apartments have been upgraded with fresh paint, quartz countertops, stainless steel appliances, new floor
- Attractive Unit Mix – The building consists of (6) spacious 850 SF units, a highly sought-after layout for long-term tenants and families.
- Tenant-Friendly Amenities – On-site parking and laundry facilities provide convenience and enhance tenant retention.
- Turnkey Asset – With recent renovations completed, the property is 100% move-in ready, requiring no immediate capital improvements from a new owner.
- Strong Cash Flow Potential – Current rents are already near market rate, allowing for immediate income while still offering upside over time.
- Stabilized Investment in a Well-Maintained Building – Ideal for investors seeking a hassle-free, low-maintenance property with steady income in place.
EXECUTIVE SUMMARY
Welcome to 317 Tremont St, a completely turnkey 6-unit apartment building, featuring (6) spacious 2-bedroom, 1-bathroom units. Each unit has been beautifully renovated, offering modern upgrades that tenants will love. Highlights include fresh paint, new quartz countertops, sleek stainless steel appliances, new flooring, and updated ceiling fans. With rents already near market rate, this property offers immediate cash flow potential. Tenants will also enjoy convenient on-site parking and laundry facilities. Ideal for an owner looking for a hassle-free investment with move-in ready units in a well-maintained building!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$266,270
|
$48.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,988
|
$1.46
|
| Effective Gross Income |
$258,281
|
$47.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$78,536
|
$14.31
|
| Net Operating Income |
$179,746
|
$32.74
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $266,270 |
| Annual Per SF | $48.50 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,988 |
| Annual Per SF | $1.46 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $258,281 |
| Annual Per SF | $47.05 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $78,536 |
| Annual Per SF | $14.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $179,746 |
| Annual Per SF | $32.74 |
PROPERTY FACTS Under Contract
| Price | $3,041,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $506,917 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.91% | Building Size | 5,490 SF |
| Gross Rent Multiplier | 11.4 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 1.82/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $3,041,500 CAD |
| Price Per Unit | $506,917 CAD |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,490 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $3,449 CAD | 850 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 623-132-07 | Improvements Assessment | $851,244 CAD |
| Land Assessment | $912,047 CAD | Total Assessment | $1,763,291 CAD |
PROPERTY TAXES
Parcel Number
623-132-07
Land Assessment
$912,047 CAD
Improvements Assessment
$851,244 CAD
Total Assessment
$1,763,291 CAD
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317 Tremont St
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