404-414 Palm Avenue

Chula Vista, CA 91911

$3,600,000
Price
18
Beds
72
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible opportunity to own six separate single homes in Chula Vista. All six houses are located on almost one acre lot (0.98 acre = 42,688 sqft). Each house has 3 bedrooms, 2 baths, 2 car garage. Each house has front yard and back yard. Each house has its own electric & water meters. Laundry hook-up in each garage. Recently new remodeled and new upgrades. Monthly rent is very low $19,000, could be $21,000 a month or more. Only $600,000 for each house. ($3,600,000 : 6 =$600,000). Monthly rent is...Incredible opportunity to own six separate single homes in Chula Vista. All six houses are located on almost one acre lot (0.98 acre = 42,688 sqft). Each house has 3 bedrooms, 2 baths, 2 car garage. Each house has front yard and back yard. Each house has its own electric & water meters. Laundry hook-up in each garage. Recently new remodeled and new upgrades. Monthly rent is very low $19,000, could be $21,000 a month or more. Only $600,000 for each house. ($3,600,000 : 6 =$600,000). Monthly rent is follow: Unit 404 Palm = $2700, Unit 406 Palm = $2900, Unit 408 = $3200, Unit 410 Palm = $3200, Unit 412 Palm = $3500, Unit 414 Palm = $3500. Also, Property has 5 extra parking spaces, each parking space is rented for $25 as extra monthly income. Please submit offers with pre-approval letters and proof of fund. Seller is R. E license. Buyer & buyer agents to verify all prior to COE.
  1. Listed by Sang Pham • DRE #00886605 • Brokerage DRE #00886605 • Prime Coast Realty & Mortgage • sangphambroker@gmail.com

Property Details for 404-414 Palm Avenue

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
6
Assessor Parcel Number
631-012-55-00
Property Attached YN
false
LISTING UPDATED: 07/20/2024 03:28 PM

Property Details for 404-414 Palm Avenue

StatusActive
MLS #PTP2404211
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.98 AC / 42,688 SF
CountySan Diego County

Building Information for 404-414 Palm Avenue

Stories1Residences-Year Built-Building Size-Lot Size0.98 AC / 42,688 SF

Property Information for 404-414 Palm Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $228,000
  • Gross Scheduled Income: $228,000
  • Net Operating Income: $200,500
  • Cap Rate: 6.33
Expense Details
  • Operating Expense: $7,500
  • New Taxes Expense: $0
  • Insurance Expense: $7,200
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Total Expenses: $14,700
Tax / Assessment Info
  • Tax Tract Number: 133.08
  • Tax Lot: 01151
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Conventional Septic
Parking Info
  • Garage Spaces: 6
  • Parking: No
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6

Property History for 404-414 Palm Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 404-414 Palm Avenue

This home is within Chula Vista Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Otay Elementary School
PublicK to 6

Castle Park Middle School
Public7 to 8

Castle Park Senior High School
Public9 to 12

Maac Community Charter School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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404-414 Palm Avenue is a multi-family home for sale in Chula Vista, CA 91911. This property was listed for sale on July 18, 2024 by Prime Coast Realty & Mortgage, it's currently listed at $3,600,000. This listing's school districts are Chula Vista Elementary School District, Sweetwater Union High School District. Nearby schools include Otay Elementary School, Castle Park Middle School and Castle Park Senior High School. 404-414 Palm Avenue is a 18-bed, 72-bath, multi-family home.

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Listing Courtesy of Prime Coast Realty & Mortgage, Sang Pham, DRE #00886605

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