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Chula Vista Multifamily Investment Opportunity

441 Tremont Street, Chula Vista, CA 91911

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For Sale

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Seven-unit multifamily property in Chula Vista's Otay Town neighborhood.

Type:Multifamily

Property size:

6,389 SF

Price / SF:

$297/SF

Contact for Pricing

Please call us for current price
and status of this listing

Erik Anderson

Real Estate License ID: 01991182

HighLights

Value‑add opportunity: Renovate four original units to increase rental income.
High potential cap rate: Approaching 7.5% at stabilization.
Large unit size: All units are two‑bedroom, one‑bathroom, averaging over 900 square feet.
Prime location: Situated in the rapidly growing Otay Town neighborhood of Chula Vista, with convenient access to major freeways.
Strong rental market: Located in a supply‑constrained submarket with high renter demand.
Immediate income: Three units are already fully renovated and generating market‑rate rents.

For Sale

Contact for pricing

Seven-unit multifamily property in Chula Vista's Otay Town neighborhood.

Type:Multifamily

Property size:

6,389 SF

Price / SF:

$297/SF

Added:: Mar 23, 2026
Days on Market:: 81
Last Refresh:: Mar 25 at 8:48 am

Property Features for 441 Tremont Street

General Information

Standard status: Active
Size: 6,389 SF
Property subtype: Multifamily

Building Details

Year Built: 1978

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Listing Contact

Erik Anderson

Listing agent Erik Anderson License #01991182

Listing office Newmark - San Diego

Listing date Mar 23, 2026

Source Crexi

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 Newmark - San Diego

HighLights

Value‑add opportunity: Renovate four original units to increase rental income.
High potential cap rate: Approaching 7.5% at stabilization.
Large unit size: All units are two‑bedroom, one‑bathroom, averaging over 900 square feet.
Prime location: Situated in the rapidly growing Otay Town neighborhood of Chula Vista, with convenient access to major freeways.
Strong rental market: Located in a supply‑constrained submarket with high renter demand.
Immediate income: Three units are already fully renovated and generating market‑rate rents.

Overview

The property at 441 Tremont Street is a seven-unit multifamily property located in the Chula Vista submarket of San Diego, California. Situated in the Otay Town neighborhood, the property provides access to Interstate 5, Interstate 805, and State Route 905, connecting residents to employment centers throughout San Diego County, including the South Bay 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. The property size is 6389 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$194.0k	$30.36
− Vacancy	−$8.1k	−$1.28
EGI	$185.8k	$29.08
− OpEx	−$83.6k	−$13.09
NOI	$102.2k	$16.00

6,389 SF · lease $30.36/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,203 @ 7.0% cap · market cap 5.38%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,637 @ 7.0% cap · market cap 7.51%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Chula Vista
County: San Diego
State: California
Longitude: -117.0708021
Latitude: 32.5975975

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For sale
Apartment buildings
CA
Chula Vista
91911
441 Tremont Street

What type of property is this?

Apartment building - Seven-unit multifamily property in Chula Vista's Otay Town neighborhood.

Where is this apartment building located?

The property is located at 441 Tremont Street 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: Renovate four original units to increase rental income.; High potential cap rate: Approaching 7.5% at stabilization.; Large unit size: All units are two‑bedroom, one‑bathroom, averaging over 900 square feet.