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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Data last updated 2:04 AM UTC, 2/10/2024