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1071 Madison Ave Chula Vista, CA 91911
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Key Details
Sold Price $735,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,084 sqft
Price per Sqft $678
Subdivision San Diego
MLS Listing ID 220024906
Bedrooms 3
Full Baths 2
Year Built 1950
Property Sub-Type Detached
Property Description
ABSOLUTE CASH COW WITH NO VACANCIES!! This incredible property offers the potential for a ridiculous Cap Rate! Units consist of main home, attached studio, additional JADU potential, a mobile home, AND space for another detached ADU or Tiny Home! The main house welcomes an open floor layout and generous upgrades. LVP, Granite Countertops, Can-less recessed lighting, and light and bright features! The home flows very well and has been rented to active duty military for a few years. The attached studio has it's own private entrance and kitchenette area with numerous custom upgrades! The studio has also been rented out for a few years to a great tenant. The additional structure can easily be converted into a detached ADU and the mobile home is currently rented as well! Public sewage/drainage has already been routed for an additional unit on the south-eastern corner of the property and is just waiting for the right buyer to take advantage of this outstanding opportunity!! Steps away from the soon-to-be Gaylord Pacific Resort and Convention Center, 12min to Naval bases, 15min to Downtown, and 5min to Imperial Beach! This property will be a great investment with immediate equity once project is complete and unlimited AirBnB/VRBO potential with the unit count!
Location
State CA
County San Diego
Community Bbq, Exercise Room, Laundry Facilities
Area South Bay
Zoning R-1
Interior
Heating Combination Heating, Forced Air Unit
Cooling Electric
Flooring Linoleum/Vinyl, Tile
Fireplaces Type Fire Pit, Guest House
Laundry Gas
Exterior
Parking Features Detached
Fence Gate, Brick Wall, Wood
View Y/N Yes
View Courtyard, Neighborhood, Peek-A-Boo
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cal Vet, Cash, Conventional, FHA, VA, Cash To New Loan
Listing Terms Cal Vet, Cash, Conventional, FHA, VA, Cash To New Loan
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Bought with Juan Alamilla Quintana Big Block Realty, Inc
NEARBY SCHOOLS & BUSINESSES
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