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54-58 Smith Ave 3 Unit Apartment Building $2,004,625 CAD ($668,208 CAD/Unit) 4.63% Cap Rate Chula Vista, CA 91910



INVESTMENT HIGHLIGHTS
- Significant Renovations
- On Site Garage
- Fully Furnished
- Stabilized Income
- Solar
EXECUTIVE SUMMARY
Beautifully Renovated 3-Unit Investment Property in Prime Chula Vista Location! This turn-key asset features extensive modern interior and exterior renovations with designer finishes throughout. Each unit is fully furnished and achieving market rents, offering strong income performance. Interiors include open layouts with stainless-steel appliances, ceiling fans, elegant gold plumbing fixtures, designer lighting, and efficient mini-split heating and cooling systems. Improvements also include updates to plumbing and electrical systems for added reliability and peace of mind. Outdoor patio areas provide inviting spaces for tenants to relax and entertain, while the rear unit includes an attached garage offering secure parking and storage. Ideally located near shopping, restaurants, schools, and freeway access—this property delivers style, stability, and cash flow in one of Chula Vista’s most desirable neighborhoods.
DO NOT WALK ON PROPERTY OR DISTURB TENANTS. The information contained herein has been obtained from sources believed reliable. Starker West, Inc. does not doubt the accuracy, but we have not verified it and make no guarantee, warranty, or representations.
DO NOT WALK ON PROPERTY OR DISTURB TENANTS. The information contained herein has been obtained from sources believed reliable. Starker West, Inc. does not doubt the accuracy, but we have not verified it and make no guarantee, warranty, or representations.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,004,625 CAD | Apartment Style | Garden |
| Price Per Unit | $668,208 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.63% | Building Size | 2,400 SF |
| Gross Rent Multiplier | 14.6 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2022 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Residential - Multiple Unit | ||
| Price | $2,004,625 CAD |
| Price Per Unit | $668,208 CAD |
| Sale Type | Investment |
| Cap Rate | 4.63% |
| Gross Rent Multiplier | 14.6 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2022 |
| Zoning | R-3 - Residential - Multiple Unit |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Yard
- Family Room
- Patio
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $3,626 CAD | 600 - 900 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 565-080-12 | Total Assessment | $1,274,461 CAD (2025) |
| Land Assessment | $798,361 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $476,099 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
565-080-12
Land Assessment
$798,361 CAD (2025)
Improvements Assessment
$476,099 CAD (2025)
Total Assessment
$1,274,461 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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54-58 Smith Ave
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