214 Zenith St Chula Vista, CA 91911
- Residential income homes
- 2,600 SF
Current Use by Public Records
- Residential income homes
Property Details for 214 Zenith St
- Year built
- 2023
- Property size
- 2,600 SF
- Property type
- Residential income homes
Description
This exceptional multifamily investment opportunity in Chula Vista, California, presents a portfolio of three units totaling 2,600 square feet on a 9,000 square foot lot. The property consists of two buildings, each single-story, and features a main house (1,157 sq ft, 3 bedrooms, 2.5 bathrooms) completely remodeled in 2024, and two newly constructed Accessory Dwelling Units (ADUs). One ADU is 500 sq ft (1 bedroom, 1 bathroom), and the other is 800 sq ft (2 bedrooms, 1.5 bathrooms). All units boast separate entrances and private yards, with stackable laundry hookups. The larger ADU includes a fully paid-off solar system and alley access. The property is zoned R1 and was originally built in 2023. Complete construction plans are included in the sale. This property offers a compelling investment opportunity, with a potential gross annual rental income exceeding $93,600. The asking price is $1,550,000, representing a price per unit of $516,667 and a price per square foot of $596.15. The property currently sits vacant, offering immediate potential for rental income generation. Its proximity to the Chula Vista Gaylord Resort & Convention Center further enhances its desirability and rental potential. The property's strong 6.06% cap rate and $94,000 net operating income (NOI) make it an attractive addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chula Vista
- County
- San Diego
- State
- California
- Longitude
- -117.0608804
- Latitude
- 32.596095
