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175 E Street, Chula Vista, CA 91910

Commercial property · 2 recorded sales since 2012

175 E Street, Chula Vista, CA 91910 Sold February 2023 CRMLS
$5,935,000Sold February 2023

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Robert Weinberger · RJW Properties, Inc. · MLS #220027990SD · Source: CRMLS

25
Units
4.80%
Cap Rate
$288,686
NOI
31,798 sqft
Lot Size
Commercial property
Type

How this sale compares

175 E Street sold for $5,935,000 in February 2023, 1.1% under its $6,000,000 list price, after 24 days on the market.

24
Days on market
−1.1%
Sold vs. list price

Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.

Description

175 E Street consists of 25 units housed in one 11,472 square foot structure built in 1962 with wood and stucco construction situated on one 31,798 sq ft parcel. The property features over 30 parking spaces, a pool, and laundry facilities with leased equipment. Twenty-four units are approximately 450 square foot 1 Bedroom / 1 Bathroom units and there is one 2 Bedroom / 1.5 Bathroom unit. Many of the units have been remodeled. There is over 25% upside in rents. This property is located blocks from the new Bayfront Development project.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$5,935,000
Sold February 2023 · listed $6,000,000, on market November 2022, 24 days on market · MLS #220027990SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Robert Weinberger · RJW Properties, Inc.
$2,125,000
Sold October 2012 · listed $2,249,000, on market April 2012, 9 days on market · MLS #120017595 · Source: CRMLS
Listing Agent: Seth Watje · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Seth Watje · RJW Properties, Inc.
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