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Showings Available April 18 & 19 | 1–4 PM 390 Del Mar Ave 5 Unit Apartment Building $3,151,000 CAD ($630,200 CAD/Unit) 5.85% Cap Rate Chula Vista, CA 91910
Investment Highlights
- 5- Unit Property Front House + 4 Rear Units | Located 5min Walking Distance from Downtown Chula Vista & Ongoing Development
- Available to Show - Immediate Income or Owner-User Opportunity | High-Demand Rental Area with Consistent Tenant Demand
- Easy Access to Freeways, Shopping, and Dining | Opportunity to Increase Rents Over Time
- Strong In-Place Income with Rental Upside Potential | Strong In-Place Income with Rental Upside Potential
- Ideal for Long-Term Hold or Value-Add Investment Strategy
- On-Site Parking Available for Tenants | Fenced Lot with Additional Storage Space
Executive Summary
Prime 5-Unit Investment Opportunity | Chula Vista Growth Corridor
Attractive 5-unit investment opportunity located in one of Chula Vista’s rapidly growing submarkets. This property features a front single-family residence complemented by four rear units, offering strong in-place income with additional upside potential.
One unit is currently vacant, providing immediate flexibility for an owner-user or the opportunity to capture market rents from day one.
Strategically positioned just minutes from Downtown Chula Vista and surrounded by ongoing redevelopment, this asset is well-suited for investors seeking both stable cash flow and long-term appreciation.
Investment Highlights:
• 5-unit property: front single-family home + four rear units
• Strong in-place income with rental upside potential
• One vacant unit – immediate income or owner-occupant opportunity
• Desirable unit mix in a high-demand rental market
• Located approximately 3 minutes from Downtown Chula Vista redevelopment
• Convenient access to major freeways, retail, and dining
• Ideal for long-term hold or value-add strategy
• Positioned in a growing submarket with continued appreciation potential
• Flexible layout across units appealing to a wide tenant pool
• Opportunity to increase rents and improve overall returns over time
Attractive 5-unit investment opportunity located in one of Chula Vista’s rapidly growing submarkets. This property features a front single-family residence complemented by four rear units, offering strong in-place income with additional upside potential.
One unit is currently vacant, providing immediate flexibility for an owner-user or the opportunity to capture market rents from day one.
Strategically positioned just minutes from Downtown Chula Vista and surrounded by ongoing redevelopment, this asset is well-suited for investors seeking both stable cash flow and long-term appreciation.
Investment Highlights:
• 5-unit property: front single-family home + four rear units
• Strong in-place income with rental upside potential
• One vacant unit – immediate income or owner-occupant opportunity
• Desirable unit mix in a high-demand rental market
• Located approximately 3 minutes from Downtown Chula Vista redevelopment
• Convenient access to major freeways, retail, and dining
• Ideal for long-term hold or value-add strategy
• Positioned in a growing submarket with continued appreciation potential
• Flexible layout across units appealing to a wide tenant pool
• Opportunity to increase rents and improve overall returns over time
Property Facts
| Price | $3,151,000 CAD | Apartment Style | Garden |
| Price Per Unit | $630,200 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.85% | Building Size | 4,438 SF |
| Gross Rent Multiplier | 13.5 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1970/2022 |
| Property Type | Multifamily | Parking Ratio | 2.25/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Multi-Family Residential Zoning (R-3) - Buyer to verify | ||
| Price | $3,151,000 CAD |
| Price Per Unit | $630,200 CAD |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,438 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2022 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R3 - Multi-Family Residential Zoning (R-3) - Buyer to verify |
Amenities
Site Amenities
- Fenced Lot
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 10+5 | 5 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 568-350-12 | Improvements Assessment | $611,301 CAD |
| Land Assessment | $1,222,606 CAD | Total Assessment | $1,833,907 CAD |
Property Taxes
Parcel Number
568-350-12
Land Assessment
$1,222,606 CAD
Improvements Assessment
$611,301 CAD
Total Assessment
$1,833,907 CAD
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Showings Available April 18 & 19 | 1–4 PM | 390 Del Mar Ave
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