Jefferson Apartments | 5-Unit Value-Add 678 Jefferson Ave 5 Unit Apartment Building $2,267,888 CAD ($453,578 CAD/Unit) 3.36% Cap Rate Chula Vista, CA 91910

Lee & Associates Multifamily Group - North San Diego County is pleased to present Jefferson Apartments, a 5-unit multifamily investment opportunity located at 678 Jefferson Avenue in Chula Vista, California. Situated on an approximately 8,285 square foot lot, the property consists of five units totaling approximately 2,464 square feet and features a unique unit mix of (1) two-bedroom/one-bath detached house and (4) studio units. Constructed in 1955, the property offers investors stable cash flow, strong rental demand, and significant upside through continued rental growth and strategic property enhancements.
The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while improving operational efficiency. Additional amenities include eight on-site parking spaces consisting of one garage, one carport, and six surface spaces, with tenants responsible for dumpster service. The detached two-bedroom home offers privacy and strong tenant appeal, while the studio units provide an efficient and highly sought-after rental product in the South Bay market. Recent ownership improvements include a roof repair completed in April 2025, contributing to the property's long-term stability.
Located in the heart of Chula Vista, Jefferson Apartments offers residents convenient access to major employment centers, retail destinations, restaurants, schools, and public transportation. The property is strategically positioned near Interstate 5, Interstate 805, Downtown Chula Vista, the Chula Vista Bayfront redevelopment, and the new Gaylord Pacific Resort & Convention Center, providing tenants with exceptional connectivity and access to one of San Diego County's most active growth corridors.
Chula Vista continues to experience substantial investment and redevelopment activity, driven by waterfront improvements, new hospitality projects, infrastructure investment, and sustained population growth. With a desirable coastal location, attractive unit mix, ample parking, utility efficiencies, and measurable rental upside, Jefferson Apartments presents investors with an opportunity to acquire a well-positioned multifamily asset offering both immediate income and long-term appreciation potential.
Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.
Property Highlights
• 5-Unit Multifamily Investment Opportunity
• Unit Mix: (1) 2 Bed / 1 Bath Detached House & (4) Studio Units
• ±2,464 SF Building Area
• ±8,285 SF Lot
• Built in 1955
• Separately Metered for Gas & Electric
• 100% Occupied
• 8 Parking Spaces Total
o 1 Garage
o 1 Carport
o 6 Surface Spaces
• Detached 2-Bedroom House with Private Patio
• Tenants Pay Dumpster Service
• Roof Repair Completed in 2025
• Value-Add Rental Upside
• Minutes from Downtown Chula Vista & Bayfront Redevelopment
• Convenient Access to I-5, I-805, and Major Employment Centers
• Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
Offering Guidelines
All offers will be presented to ownership as received.
Ownership has indicated a preference for a closing on or before December 31, 2026.
Buyers are encouraged to submit their highest and best pricing and terms.
Seller reserves the right to accept, reject, or negotiate any offer at its sole discretion.
For More Information Contact
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Lee & Associates Multifamily Group - North San Diego County