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$ 1,450,000
Est. payment /mo
Active
120 Madison Ave Chula Vista, CA 91910
7 Beds
2,536 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,536 sqft
Price per Sqft $571
MLS Listing ID 250039163
Bedrooms 7
Property Sub-Type Com-Res Income
Property Description
Located just east of Interstate 5 in Chula Vista, the 120 Madison Avenue Apartments present a compelling five-unit investment opportunity in one of San Diego County's fastest-growing cities. Built in 1956, the property consists of three 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, situated on a 6,330 square foot lot. The property offers off-street parking and the potential to create private yard spaces, enhancing both functionality and tenant appeal. Each unit is equipped with an individual hot water heater, and the classic mid-century construction features pitched roofs and efficient, functional floor plans that have proven timeless for renters. With current rents positioned below market, investors have an immediate opportunity to add value through renovations and capitalize on strong rental upside. Chula Vista has grown into San Diego County's second-largest city, now home to more than 260,000 residents. Ideally located close to schools, just seven miles from the U.S.–Mexico border, and approximately nine miles from Downtown San Diego, the community offers cultural vibrancy, economic growth, and consistent rental demand. Combining strong fundamentals, strategic location, and clear value-add potential, 120 Madison Avenue Apartments represents a well-positioned multifamily investment for both income and long-term appreciation.
Location
State CA
County San Diego
Area South Bay
Direction From Interstate 5 South, take the exit for E Street and head east. Continue on E Street for roughly half a mile, then turn right
Interior
Flooring Slab
Fireplace No
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Total Parking Spaces 5
Building
Dwelling Type Apartment
Story 1
Others
Tax ID 565-161-16-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250034839
Listed by Seth R Watje Starker West, Inc.
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