Sold

1071 Madison Ave

Chula Vista CA, 91911

$735,000


$678.04 per sqft

Sold

4 Beds

2 Baths

1,084 sqft

Residential

Built in 1950

ABSOLUTE CASH COW WITH NO VACANCIES!! This incredible property offers the potential for a ridiculous Cap Rate! Units consist of main home, attached studio, additional JADU potential, a mobile home, AND space for another detached ADU or Tiny Home! The main house welcomes an open floor layout and generous upgrades. LVP, Granite Countertops, Can-less recessed lighting, and light and bright features! The home flows very well and has been rented to active duty military for a few years. The attached studio has it's own private entrance and kitchenette area with numerous custom upgrades! The studio has also been rented out for a few years to a great tenant. The additional structure can easily be converted into a detached ADU and the mobile home is currently rented as well! Public sewage/drainage has already been routed for an additional unit on the south-eastern corner of the property and is just waiting for the right buyer to take advantage of this outstanding opportunity!! Steps away from the soon-to-be Gaylord Pacific Resort and Convention Center, 12min to Naval bases, 15min to Downtown, and 5min to Imperial Beach! This property will be a great investment with immediate equity once project is complete and unlimited AirBnB/VRBO potential with the unit count!

220024906

MLS ID

September 7, 2022

Listed

February 10, 2024

Updated

Map

1071 Madison Ave
Chula Vista CA, 91911

Interior Features

Total Stories

1


Bedrooms

4 Beds


Bathrooms

2 Baths


Interior Features

Counter Top


Appliances

Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, 6 Burner Stove, Convection Oven, Freezer, Gas Oven, Gas Cooktop, Grill, Ice Maker, Gas Water Heater


Laundry Description

Laundry Facilities, Laundry Room, Outside, Gas


Floor Description

Linoleum/Vinyl, Tile


Fireplace

Yes


Fireplace Description

Fire Pit, Guest House


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Natural Gas, Combination Heating, Forced Air

Exterior/Building Features

Lot Size

0.13 Acres


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

South Bay


Days on Market

45


Garage

Yes


Parking

Garage(Detached), Non-Garage(Carport, Gated, Covered Parking, Driveway - Gravel, On Site, Parking Space, Private)


Parking Total

8


View

Yes


View Description

Courtyard, Neighborhood, Peek-A-Boo


County

San Diego


Water Source

Public


Pool

No


Pool Features

None


Zoning

R-1


Buyer Agency Compensation

2.25%

Listed by My Home Group Real Estate, Christopher T Burgos,
Listing Contact: 754-777-3333 

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