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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1029 4th Ave Chula Vista, CA 91911-1978

    • Apartment buildings
    • 9,348 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Aug 26, 2022
    $3,060,000
    Value Estimations
    $2,515,000
    Show details
    Cap Rate Potential
    6.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-6797526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1029 4th Ave

    Year built
    1986
    Lot size
    0.35 lot acres
    Property size
    9,348 SF
    Zone code
    R-3:RESTRICTED MULTIPLE
    Property type
    Apartment buildings
    APN
    619-051-18-00
    APU
    6190511800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,455,000
      ML approach
      $2,545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,490,000
      6.5%
      $2,300,000
      7%
      $2,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,092,000
      Market price range: $1.97M - $3.09M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,460,000
      Current use
      MEDICAL BUILDING
      $3,755,000
      Change: +53% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,570,000
      Change: +45% Conversion: Difficult
      RETAIL STORES
      $2,625,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $2,620,000
      Change: +7% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.074
    Latitude
    32.6151
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $39,382
    $877,200
    $2,244,000
    $3,121,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $415,000
      2.30 Acres

      971 4th Ave

      APARTMENT HOUSE (5+ UNITS) • 2.30 Acres
      971 4th Ave, Chula Vista, CA 91911-2012
      View Details
    • Value Estimation
      $565,000
      2.35 Acres

      548 Palomar St

      APARTMENT HOUSE (5+ UNITS) • 2.35 Acres
      548 Palomar St, Chula Vista, CA 91911-2939
      View Details
    • Value Estimation
      $1,085,000
      40,626 SF

      1055 Granjas Rd, Unit 65

      APARTMENT HOUSE (5+ UNITS) • 40,626 SF
      1055 Granjas Rd, Chula Vista, CA 91911-1815
      View Details
    • Value Estimation
      $395,000
      9,999 SF

      1025 Broadway, Unit 27

      APARTMENT HOUSE (5+ UNITS) • 9,999 SF
      1025 Broadway, Chula Vista, CA 91911-1808
      View Details
    • Value Estimation
      $420,000
      7,252 SF

      2847 Main St

      APARTMENT HOUSE (5+ UNITS) • 7,252 SF
      2847 Main St, Chula Vista, CA 91911-4833
      View Details
    • Value Estimation
      $890,000
      37,066 SF

      340 Moss St

      APARTMENT HOUSE (5+ UNITS) • 37,066 SF
      340 Moss St, Chula Vista, CA 91911-2030
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Chula Vista Multifamily Investment

      Seven-unit apartment building in South Chula Vista with income potential.
      441 Tremont St, Chula Vista, CA 91911
      View Details
    • $499,900
      920 SF

      Condo with Remodeled Kitchen

      Condo featuring two bathrooms, remodeled kitchen, and community amenities.
      1677 Melrose Ave, Chula Vista, CA 91911
      View Details
    • $570,000

      Inviting 3-Bedroom Corner Unit

      Functional 3-bedroom corner unit with private laundry and community amenities.
      237 Rancho Dr, Chula Vista, CA 91911
      View Details
    • $2,200,000

      Turnkey 6-Unit Apartment Building

      Completely renovated 6-unit apartment building with immediate cash flow potential.
      317 Tremont St, Chula Vista, CA 91911
      View Details
    • $949,000
      1,250 SF

      Chula Vista Multifamily Investment

      Well-maintained duplex near Gaylord Pacific Resort. FHA & VA approved!
      835 Colorado Ave, Chula Vista, CA 91911
      View Details
    • $164,900

      Chula Vista Mobile Home Opportunity

      3-bedroom, 1-bathroom mobile home in a convenient Chula Vista location.
      1100 Industrial Ave, Chula Vista, CA 91911
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,273 SF

      Main & Maxwell Retail Opportunity

      Chula Vista, CA: Prime Retail Land
      750 Main St, Chula Vista, CA 91911
      View Details
    • $3,285 /Mo
      1,228 SF

      Upgraded Townhome with Modern Features

      Move-in ready, upgraded 3-bedroom townhome with modern kitchen and amenities.
      263 Rancho Dr, Chula Vista, CA 91911
      View Details
    • $13 SF/Yr
      116,789 SF

      Chula Vista Industrial Warehouse Space

      116,789 SF Warehouse, Multiple Tenants Available
      675 Palomar St, Chula Vista, CA 91911
      View Details
    • $1.40 SF/Yr
      7,744 SF

      Industrial Space Available For Lease

      Industrial property with 7,744 square feet available for lease.
      3804 Main St, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      14,200 SF

      Chula Vista Warehouse Space

      Industrial warehouse space available for lease in Chula Vista.
      2756 Main St, Chula Vista, CA 91911
      View Details
    • $1.70 SF/Yr
      8,969 SF

      Chula Vista Warehouse Space

      Industrial warehouse space available for lease in Chula Vista.
      2380 Main St, Chula Vista, CA 91911
      View Details
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    Chula Vista, CA 91911-1978
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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