Quadplex with Private Outdoor
For Sale
$2,199,000
311 Zenith St, Chula Vista, CA 91911
Renovated residences include in-unit laundry and mini-split heating and air conditioning.
Property Size4,012 SF
Days on Market9
Property Features for 311 Zenith St
General Information
Standard status
Active
Size
4,012 SF
Total Parking Spaces
8
Property subtype
Investment
Units
Multifamily Units
4
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
washer/dryer
mini-split HVAC
private balcony/patio
Building Details
Building Size
4,012 SF
Year Built
1980
Buildings
1
Units
4
Listing Agency:
ROA California Inc
Listed By:
Henish Pulickal · License #01866631
(858) 380-8765
Source:
Elliman
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 14 at 11:34PM
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 ROA California Inc
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Chula Vista has renovated interiors, with each residence equipped with its own washer and dryer and a mini-split system for heating and air conditioning. Each unit also offers a private balcony or patio, extending its usable space outdoors.
Eight off-street parking spaces are provided, with two assigned to each residence. The property has access to shopping, dining, schools, and major freeways in the surrounding area.
Eight off-street parking spaces are provided, with two assigned to each residence. The property has access to shopping, dining, schools, and major freeways in the surrounding area.
Key Highlights
- Four residential units, each with a renovated interior
- Private balcony or patio for every unit
- Each residence has its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,196
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,920
$1.4M
Cap Rate 7%
$988,514
$988.5K
Cap Rate 9%
$768,844
$768.8K
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$103.5K $25.80/SF
− Vacancy
−$4.7K −$1.16/SF
EGI
$98.9K $24.64/SF
− OpEx
−$29.7K −$7.39/SF
NOI
$69.2K $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%
$1,383,920
Cap Rate 7%
$988,514
Cap Rate 9%
$768,844
Alternative Uses
Best Use
Multifamily LT 5
$988.5K
$865.0K – $1.15M
NOI $69,196 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$916.8K
$802.2K – $1.07M
NOI $64,179 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,570 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
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Business Placement
Demographics for 91911, CA
85,442
Population
27,533
Households
3.1
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
12.7 sq mi
ZIP Area
6,728
Density / Sq Mi
$79,334
Median Household Income
$39,003
Median Earnings
$1,931
Median Rent
$602,000
Median Home Value
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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?
Quadplex - Renovated residences include in-unit laundry and mini-split heating and air conditioning.
Where is this quadplex located?
The property is located at 311 Zenith St Chula Vista, CA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Four residential units, each with a renovated interior; Private balcony or patio for every unit; Each residence has its own washer and dryer
