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441 Tremont St 7 Unit Apartment Building $2,608,662 CAD ($372,666 CAD/Unit) 4.92% Cap Rate Chula Vista, CA 91911
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire 441 Tremont Street (the “Property”), a 7-unit multifamily property located in the supply constrained Chula Vista submarket of San Diego, California. Situated in the rapidly growing Otay Town neighborhood, the Property offers convenient access to Interstate 5, Interstate 805, and State Route 905, connecting residents to employment centers throughout San Diego County, including the South Bay’s expanding retail, logistics, and healthcare corridors, as well as the nearby US/Mexico border crossing at Otay Mesa.
Property Facts
| Price | $2,608,662 CAD | Building Class | C |
| Price Per Unit | $372,666 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,200 SF |
| Cap Rate | 4.92% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.29/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R2P - 5-15 unit Multi-Family | ||
| Price | $2,608,662 CAD |
| Price Per Unit | $372,666 CAD |
| Sale Type | Investment |
| Cap Rate | 4.92% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2P - 5-15 unit Multi-Family |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 912 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 623-112-02 | Improvements Assessment | $1,023,812 CAD |
| Land Assessment | $964,460 CAD | Total Assessment | $1,988,272 CAD |
Property Taxes
Parcel Number
623-112-02
Land Assessment
$964,460 CAD
Improvements Assessment
$1,023,812 CAD
Total Assessment
$1,988,272 CAD
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441 Tremont St
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