Renovated Chula Vista Units w/ 2-Story 4b/2bt | 274 Emerson St
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Renovated Chula Vista Units w/ 2-Story 4b/2bt 274 Emerson St
3 Unit Block of Flats £1,087,606 (£362,535/Unit) 5.45% Net Initial Yield Chula Vista, CA 91911
Investment Highlights
- 2-Story 4br/2.5bt House, 2-2br/1bt Units
- Brand New 2br ADU
- Large Lot w/ Low Maintenance Landscape
- Completely Renovated & Vacant
- Strong Cash Flow or Owner User Possibility
Executive Summary
Price $1,349,000-$1,390,000. BRING ALL OFFERS. Fully Renovated 3-Unit Property, Including a Brand-New 2-Bedroom ADU! This rare offering features a desirable unit mix: a spacious 2-story, 4-bedroom, 2.5-bath main house (approx. 1,500 sq. ft.), a large 2-bedroom, 1-bath unit (approx. 1,030 sq. ft.), and a newly constructed 2-bedroom, 1-bath ADU. Each unit has been thoughtfully updated with modern finishes, including new laminate flooring, quartz countertops, stylish cabinets, beautifully tiled bathrooms, fresh paint, and energy-efficient windows. The property also boasts ample outdoor space, including abundant parking with room for additional vehicles. Ideal for owner-occupants seeking to live in the generously sized main home while generating income from the additional units.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,087,606 | Property Subtype | Apartment |
| Price Per Unit | £362,535 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Net Initial Yield | 5.45% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 13.31 | Building Size | 2,980 SF |
| No. Units | 3 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 2000/2024 |
| Price | £1,087,606 |
| Price Per Unit | £362,535 |
| Sale Type | Investment |
| Net Initial Yield | 5.45% |
| Gross Rent Multiplier | 13.31 |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 2,980 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 2000/2024 |
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 4+2.5 | 1 | £3,052 | 1,500 |
| 2+1 | 1 | £1,956 | 1,030 |
| 2+1 | 1 | £1,800 | 450 |
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Walk Score ®
Very Walkable (76)
zoning
| Zoning Code | R-1 (Residential) |
| R-1 (Residential) |
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Renovated Chula Vista Units w/ 2-Story 4b/2bt | 274 Emerson St
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