Two-Unit Duplex
For Sale
$849,900
Pending
234 36 Landis Ave, Chula Vista, CA 91910
Income-producing duplex configuration with options for owner occupancy or leasing both residences.
Property Size1,500 SF
Days on Market56
Property Features for 234 36 Landis Ave
General Information
Standard status
Pending
Size
1,500 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Building Size
1,500 SF
Year Built
2000
Units
2
Listing Agency:
Encore Realty
Listed By:
Christina Rounds · License #01861996
(858) 220-9017
Source:
Elliman
Added: Aug 22
Changed: Oct 14
Last Checked: Oct 16 at 10:37AM
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 Encore Realty
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Investment Insights
Based on property information with market context.
Built in 2000, this duplex contains two residential units within a single property. The configuration allows an owner to occupy one residence while leasing the other, or operate both units as rentals, providing flexibility in how the property is used.
Located in downtown Chula Vista at 234 36 Landis Ave, the property is near shopping, dining, and entertainment. The surrounding area also offers access to transit and bicycle-oriented mobility, with a BikeScore of 53 and a TransitScore of 54.
Located in downtown Chula Vista at 234 36 Landis Ave, the property is near shopping, dining, and entertainment. The surrounding area also offers access to transit and bicycle-oriented mobility, with a BikeScore of 53 and a TransitScore of 54.
Key Highlights
- Two‑unit duplex configuration
- Built in 2000
- Downtown Chula Vista location at 234 36 Landis Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,871
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,420
$517.4K
Cap Rate 7%
$369,586
$369.6K
Cap Rate 9%
$287,456
$287.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$38.7K $25.80/SF
− Vacancy
−$1.7K −$1.16/SF
EGI
$37.0K $24.64/SF
− OpEx
−$11.1K −$7.39/SF
NOI
$25.9K $17.25/SF
Area
Chula Vista, CA
Vacancy
4.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,420
Cap Rate 7%
$369,586
Cap Rate 9%
$287,456
Alternative Uses
Best Use
Multifamily LT 5
$369.6K
$323.4K – $431.2K
NOI $25,871 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$342.8K
$299.9K – $399.9K
NOI $23,995 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K
NOI $33,488 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex configuration with options for owner occupancy or leasing both residences.
Where is this duplex located?
The property is located at 234 36 Landis Ave Chula Vista, CA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; Built in 2000; Downtown Chula Vista location at 234 36 Landis Ave
