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Key Details
Sold Price $802,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $891
Subdivision Chula Vista
MLS Listing ID 220014906
Sold Date 07/26/22
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1973
Property Description
We are pleased to present 54-58 Smith Ave located in Chula Vista, California. Built in 1973, the property features two very spacious 1 bedroom / 1 bath units, and one non-conforming 1 bedroom / 1 bath with a private fenced front yard. All units have walk-in closets, large kitchens with dining area, and charming living rooms. The property benefits from a solar system that services two of the units plus the laundry room. There is a garage, assigned 2 parking spaces, a large storage room, and onsite laundry. There is significant value add potential through rent increases and renovations, additionally there is the opportunity to live in one unit and benefit from the income from the other two units. The property is located in the desirable West Chula Vista neighborhood, a very strong rental market that experienced approximately 17% rent growth in 2021. OFFERS DUE BY JUNE 28TH, 2022
Location
State CA
County San Diego
Community Chula Vista
Area Chula Vista (91910)
Building/Complex Name NA
Zoning R-3
Interior
Cooling Central Forced Air
Appliance Wall/Gravity
Exterior
Exterior Feature Brick, Stucco
Garage Unit1:Detached
Community Features Laundry Facilities
Complex Features Laundry Facilities
Roof Type Composition
Building
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,395
Listing Terms Cash, Conventional
Financing Cash
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Bought with Rita Lancaster-Hannah • Acre Investment Real Estate