6-Unit Apartment
For Sale
Contact for pricing
370 G Street, Chula Vista, CA 91910
Two-building multifamily asset with varied unit configurations and R3 zoning.
Property Size5,297 SF
Lot Size0.26 Acres
Price / SF$424.58
Days on Market9
Property Features for 370 G Street
General Information
Standard status
Active
Size
5,297 SF
Lot size
0.26 Acres
Property subtype
Multifamily
Zoning
R3
Occupancy
75%
Investment Type
Value Add
Net Operating Income
$106,156
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
6
Building Details
Year Built
1945
Buildings
2
Units
6
Tenancy
Single
Listing Agency:
LPT Realty
(619) 889-7646
Listed By:
Glen Henderson · License #01384181
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 1:56PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This multifamily property consists of two buildings on a 0.26-acre parcel, with a total property size of 5,297 square feet. The residential configuration includes six units: one three-bedroom, two-bath unit; three two-bedroom, one-bath units; and two one-bedroom, one-bath units. The buildings date to 1945 and carry R3 zoning.
Located in Historic Downtown Chula Vista, the property offers a downtown residential setting with multiple unit layouts within the same apartment asset.
Located in Historic Downtown Chula Vista, the property offers a downtown residential setting with multiple unit layouts within the same apartment asset.
Key Highlights
- Six‑unit configuration with one 3 bed, 2 bath unit, three 2 bed, 1 bath units, and two 1 bed, 1 bath units
- Two buildings totaling 5,297 square feet
- 0.26‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,734
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,694,680
$1.7M
Cap Rate 7%
$1,210,486
$1.2M
Cap Rate 9%
$941,489
$941.5K
Market Conditions
NOI Build-Up for 5,297 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$160.8K $30.36/SF
− Vacancy
−$6.8K −$1.28/SF
EGI
$154.1K $29.08/SF
− OpEx
−$69.3K −$13.09/SF
NOI
$84.7K $16.00/SF
Area
Chula Vista, CA
Vacancy
4.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,694,680
Cap Rate 7%
$1,210,486
Cap Rate 9%
$941,489
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,734 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,258 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,441
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily asset with varied unit configurations and R3 zoning.
Where is this apartment building located?
The property is located at 370 G Street Chula Vista, CA.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: Six‑unit configuration with one 3 bed, 2 bath unit, three 2 bed, 1 bath units, and two 1 bed, 1 bath units; Two buildings totaling 5,297 square feet; 0.26‑acre parcel
