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    274 Madrona St Chula Vista, CA 91910

    For Sale
    $3,200,000

    Extensively renovated 8-unit apartment building near 3rd Avenue retail.

    Lot size:
    0.28 Acres

    Property Features for 274 Madrona St

    General Information

    Lot size
    0.28 Acres

    Source: Apartment Realty Group (ARG) Agent James Carter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Chula Vista Apartment Building

    This property features an extensively renovated apartment building located in Chula Vista, California. The building contains eight units, comprising four 2-bed 1-bath units and four 1-bed 1-bath units. Situated on a 12,000 square foot lot, the property provides two on-site parking spaces per unit. Renovations completed in 2023 include new appliances, individual HVAC systems, electrical panels, lighting fixtures, electrical receptacles, flooring, windows, interior and exterior paint, kitchens, and bathrooms. The location offers close proximity to the 3rd Avenue retail corridor, providing access to retail and dining options. The lot size and zoning present the potential for constructing additional units.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.0778707
    Latitude
    32.6388704

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    FAQs

    What type of property is this?
    Apartment building - Extensively renovated 8-unit apartment building near 3rd Avenue retail.
    Where is this apartment building located?
    The property is located at 274 Madrona St Chula Vista, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Extensively renovated in 2023 with new appliances, HVAC, electrical, flooring, windows, kitchens, and bathrooms.; - Eight apartment units: Four 2 bed/1 bath and Four 1 bed/1 bath.; - Two on-site parking spaces per unit.
    (619) 784-1031
    Request Owner's contact information
    274 Madrona St Chula Vista, CA 91910
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    Chula Vista, CA 91910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    274 Madrona St Chula Vista, CA 91910
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