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553 Flower St, Chula Vista, CA 91910

Commercial property

553 Flower St, Chula Vista, CA 91910 Sold July 2024 CRMLS
$4,800,000Sold July 2024

Listing Agent: Doug Taber (DRE #01920184) · Listing Office: Keller Williams Realty · Contact: 619-469-0700 · Bought with: Vic Minassian · Great Source Realty Corp. · MLS #240005129SD · Source: CRMLS

16
Units
2.90%
Cap Rate
28,426 sqft
Lot Size
Commercial property
Type

About this commercial property

Blossom Court presents a premier investment opportunity with its 2 buildings, on 2 parcels, totaling 16 units. The community stands out with its high curb appeal, featuring ALL 2 and 3 bedroom units. Plus 12 garages and 18 off-street parking spots. Lush landscaping and clean hardscaping throughout. The onsite laundry facility includes 4 OWNED machines with the potential for additional stackable machines, enhancing convenience for the residents and revenue for the investor. The property offers a big value-add opportunity with RUBS and SIGNIFICANT rent upside potential! Its prime location is near Chula Vista’s iconic Third Street/Village, San Diego Bay, and the major billion-dollar Bayfront Redevelopment. Easy access to arterial roads, Naval Base, San Diego Port, and downtown San Diego further underscores its desirability. Blossom Court is not just an investment; it's a strategic asset poised for growth in one of San Diego's vibrant communities.

Listing description from the July 2024 sale, as reported to CRMLS.

Sale history

$4,800,000
Sold July 2024 · listed $5,100,000, on market March 2024 · MLS #240005129SD · Source: CRMLS
Listing Agent: Doug Taber · Listing Office: Keller Williams Realty · Contact: 619-469-0700 · Bought with: Vic Minassian · Great Source Realty Corp.
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