Chula Vista, CA 91910
$8,950,000
Pending
1 more
Presented By: Ray Adams with Ray Adams Investment Real Estate Inc - 619-884-5456;
- MLS# 250020503
- 02/28/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 9
Baths • 5
SQFT • 26,000
Garage • 1
Home Details
We are pleased to offer Parkway Palms in Chula Vista near the new Gaylord Pacific Resort and Convention Center. Parkway Palms offers a desirable unit mix of spacious one, two and three bedroom units. Further, the building includes 35 parking spaces, 7 garage spaces, and 6 carports. The garages and carports offer ADU potential. Further, the property is owned by the original family that built it. It was built to last and maintained with care. Property has newer windows, roofs replaced approx 2017 years ago, several plumbing upgrades and new electrical meters planned. Finally, this property has strong occupancy and offers excellent in-place income with substantial room to increase the rents to market. Please drive by the property discreetly without disturbing the tenants or management.
Presented By: Ray Adams with Ray Adams Investment Real Estate Inc - 619-884-5456;
Interior Features for
Bedrooms
Total Bedrooms9
Bathrooms
Half Baths0
Total Baths5
Other Interior Features
Air Conditioning Y/NNo
Basement[]
Common Walls[]
Fireplace Features[]
Fireplace Y/NNo
Flooring[u'Slab']
Heating Y/NNo
Interior Amenities[]
Laundry Features[u'Leased']
Window Features[]
Other Rooms
Room Type[]
General for
Accessibility[]
Appliances[]
Architectural Style[]
Association Amenities[]
Association Fee Includes[]
Attached Garage No
Body Type[]
Building Area UnitsSqft
Business Type[]
Buyer Financing[]
Cap Rate4.5
CityChula Vista
Community Features[u'Other/Remarks']
Construction Materials[u'Frame', u'Stucco']
Cooling[u'None']
CountySan Diego
Current Use[]
Disclosures[]
Electric[]
FinancialDataSource[u'Other/Remarks']
FreeholdIDX
Green Building Verification Type[]
HOANo
Heating[u'Radiant', u'Wall']
Lease Type[]
Levels[u'2 Story']
Living Area UnitsSqft
Lot Size UnitsAcres
MLS AreaSouth Bay
ModificationTimestamp2025-04-16T23:19:22Z
New ConstructionNo
Number Of Units Total34
Operating Expense265214.0
Other Structures[]
Patio/Porch Features[]
Pets Allowed[]
Pool Features[]
Possession[]
Possible Use[]
Property Attached Y/NNo
Property Condition[]
Property SubtypeCom-Res Income
Property TypeResidential Income
Rent Includes[]
Roof[u'Other/Remarks']
Security Features[]
Senior Community Y/NNo
Sewer[]
Spa Features[]
Standard StatusPending
StatusPENDING
Stories Count2
Structure Type[u'Apartment']
Tenant Pays[]
Total Actual Rent57405.0
Utilities[]
View[]
Virtual TourClick here
Year Built0
Exterior for
Building Area Total26000.0
Exterior Amenities[]
Fencing[]
Foundation Details[]
Frontage Type[]
Lot Features[]
Lot Size Area0.0
Number of Buildings4
Other Equipment[]
Parking Features[u'Carports', u'Garages', u'Spaces']
Skirt[]
Total Parking34.0
Water Source[]
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate