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Renovated 5-Unit Multifamily Property
For Sale
$2,098,000

114 Madison Ave, Chula Vista, CA 91910

Turnkey 5-unit multifamily includes three private-yard 1BR/1BA cottages and two rear 2BR/1BA units with additional outdoor space.

Property SizeContact for details
Days on Market60

Property Features for 114 Madison Ave

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Multifamily Units 5

Amenities

private yards
outdoor space

Building Details

Construction cottage-style
Tenancy Multi
Listing Agency: Starker West, Inc.
Listed By: Adam Cairo · License #01948040
Source: Velocityrealtysd
Added: Jul 9 Changed: Aug 28 Last Checked: Sep 5 at 7:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Starker West, Inc.

Investment Insights

Based on property information with market context.

This renovated 5-unit multifamily property is configured as three single-story 1BR/1BA cottage-style units with private yards, along with two rear 2BR/1BA units that include additional outdoor space. The offering is presented as turnkey, with ownership having completed renovations intended to support immediate tenancy.

The property is located in a desirable Chula Vista neighborhood at 114 Madison Ave. It is described as having strong curb appeal and tenant appeal following the renovation work.

Overall, the building provides a mix of 1-bedroom and 2-bedroom units, with outdoor space included for each unit type as part of the existing layout.

Key Highlights

  • 5‑unit multifamily property built in 1955
  • Includes three single‑story 1BR/1BA cottage units, each with a private yard
  • Includes two rear 2BR/1BA units with additional outdoor space

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Travel Agency Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon Butcher Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,250
Businesses Nearby

Demographics for 91910, CA

79,613
Population
28,432
Households
2.8
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
12.6 sq mi
ZIP Area
6,318
Density / Sq Mi
$87,705
Median Household Income
$45,476
Median Earnings
$1,930
Median Rent
$676,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Turnkey 5-unit multifamily includes three private-yard 1BR/1BA cottages and two rear 2BR/1BA units with additional outdoor space.
Where is this apartment building located?
The property is located at 114 Madison Ave Chula Vista, CA.
What is the asking price?
The asking price for this property is $2,098,000.
What are key features of this property?
This property features: 5‑unit multifamily property built in 1955; Includes three single‑story 1BR/1BA cottage units, each with a private yard; Includes two rear 2BR/1BA units with additional outdoor space
More about this property
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