441 Tremont St Chula Vista, CA 91911
7-unit multifamily property with value-add potential in Chula Vista.
Lot size:
0.24 AcresProperty Features for 441 Tremont St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.24 Acres
Source:
Elliman
Listing Agent: Erik Anderson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Chula Vista Multifamily Investment Opportunity
The property at 441 Tremont Street is a 7-unit multifamily property located in the Chula Vista submarket of San Diego, California. Situated in the Otay Town neighborhood, the property offers access to Interstate 5, Interstate 805, and State Route 905, connecting residents to employment centers throughout San Diego County, including the South Bay’s expanding retail, logistics, and healthcare corridors, as well as the nearby US/Mexico border crossing at Otay Mesa. The property consists entirely of two-bedroom, one-bathroom units averaging over 900 square feet. Three of the seven units have been fully renovated, delivering immediate income at market-rate rents. The remaining four units are in original condition and represent a value-add opportunity for an investor to execute the same proven renovation program and bring rents in line with the renovated comparables already in place. At stabilization, the renovated cap rate approaches 7.5%.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chula Vista
- County
- San Diego
- State
- California
- Longitude
- -117.0708021
- Latitude
- 32.5975975
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 7-unit multifamily property with value-add potential in Chula Vista.
Where is this apartment building located?
The property is located at 441 Tremont St Chula Vista, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: - Value-add opportunity to renovate 4 original units and increase rental income.; - Three units are already renovated and generating market-rate rents, demonstrating renovation premium.; - Located in the rapidly growing Otay Town neighborhood of Chula Vista, a supply-constrained market.
