$ 1,900,000
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$1,900,000
Price -
0
Bed -
0
Bath -
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SqFt
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About the Listing SAND-993314 - SAND-674546
441 Tremont Street (the “Property”) is 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. The Property consists entirely of two-bedroom, one-bathroom units averaging over 900 square feet, providing the above-average unit size that workforce housing renters in this submarket actively seek and that consistently supports stronger rent retention and lower turnover. Three of the seven units have already been fully renovated, delivering immediate income at market-rate rents and demonstrating the renovation premium achievable at the Property. The remaining four units are in original condition and represent a clear, low-risk value-add opportunity for an investor to execute the same proven renovation program and bring rents in line with the renovated comparables already in place. At stabilization, the renovated cap rate approaches 7.5%, a compelling return profile for a well-located workforce housing asset in a market where new supply remains structurally limited and renter demand is supported by a broad and diverse employment base.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Commercial Sale
MLS ®
260006797SD
Year Built
Total Square Footage
0
Lot/Acreage
0.24
County
San Diego
Area
91911 - Chula Vista
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: R2P
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 62311202
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
441 Tremont St Chula Vista, CA 91911
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