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$ 1,688,888
Est. payment /mo
Active
402 Church Ave Chula Vista, CA 91910
8 Beds
5 Baths
6,383 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Chula Vista
MLS Listing ID 260008367
Bedrooms 8
Full Baths 5
Year Built 1930
Lot Size 6,383 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Variance Granted 2-4 Units. PRIME MIXED-USE REDEVELOPMENT PROPERTY!! Multiple redevelopment scenarios may be possible from 49 AFFORDABLE UNITS + 8 ADU's; OR 10 Lots/INDIVIDUAL TOWNHOMES; OR 10 Units + 8 ADU's; or build 2 TOWNHOMES OR 6 ADDITIONAL UNITS to replace commercial Mechanics Shop. Keep the four residential units in place while entitling and building out back two buildings for income. Or Mechanic Owner/User with 4 Residential Income Units on Front 2-Story building. This property has a variety of options and potential for a future investor or developer from small projects to large affordable units. Bring your developers large or small as SB684 paves the way. All tenants on M-M with lower than market rents for value add. 10 % increases will bring this to approx. TO A 5.22% CAP. Both buildings insured separately connected by emergency exit exterior 2nd- floor wooden staircase attached to both buildings. Gated property, on corner of Church Ave. and G St- WITH LEGAL ADDRESSES OF 402 CHURCH FOR UNITS #2(2B/1B $1870/m) , #3(2B/1B $1980/m) & #4(2B/1B $2200/m) + each pay utilities, except water; Unit#282 G ST. (2B/2B $2300/m + utilities, except water) AND MECHANICS SHOP #286 G ST. ($2500/m + all utilities except water)one block off 3RD AVENUE PROMENADE- FAMOUS Walking Retail, Restaurant & Commercial District with Mass Transit. MECHANICS SHOP SEPARATELY METERED; TENANT PAYS G&E.
Location
State CA
County San Diego
Area South Bay
Direction +/-Equal distance frm HWY 5 or 805- H Street to Third Avenue, Rt on G St. Property begins right after 7/11 and alley way. Corner
Interior
Fireplace No
Exterior
Fence Full
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 568-420-07-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/260008367
Listed by Lesha A Montoya, DRE#02007808 Pacific Coast Commercial
NEARBY SCHOOL & BUSINESS