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Sold for $735,000 on 11/23/22
  • $735,000

    1071 Madison Ave, Chula Vista, CA 91911

    3beds
    1,084sqft
    Single Family Residence
    Built in 1950
    5,662.8 Square Feet Lot
    $798,200 Zestimate®
    $678/sqft
    $3,211 Estimated rent

    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: November 28, 2022 at 03:43pm

    Listed by:

    Christopher T Burgos DRE #02122669 754-777-3333,

    My Home Group Real Estate Inc.

    Bought with:

    Juan Alamilla Quintana, DRE #01978455

    Big Block Realty, Inc

    Source: SDMLS,MLS#: 220024906MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Combination Heating, Forced Air Unit
    Cooling
    • Electric
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Satellite Dish, Washer, 6 Burner Stove, Convection Oven, Freezer, Gas Oven, Gas Stove, Grill, Ice Maker, Counter Top, Gas Water Heater
    • Laundry: Gas
    Features
    • Flooring: Linoleum/Vinyl, Tile
    • Fireplace features: Fire Pit, Guest House
    • Common walls with other units/homes: No Unit Above or Below,Detached
    Interior area
    • Total structure area: 1,084
    • Total interior livable area: 1,084 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Detached
    Features
    • Levels: 1 Story
    • Patio & porch: Deck
    • Pool features: N/K
    • Fencing: Gate,Brick Wall,Wood
    • Has view: Yes
    • View description: Courtyard, Neighborhood, Peek-A-Boo
    Lot
    • Size: 5,662 sqft
    Details
    • Additional structures: Attached
    • Parcel number: 6181420400
    • Zoning: R-1
    • Zoning description: R-1
    • Special conditions: N/K

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Wood/Stucco, Hardboard
    • Roof: Composition
    Condition
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Other/Remarks, Smoke Detector
    Community
    • Community features: BBQ, Exercise Room, Laundry Facilities
    Location
    • Region: Chula Vista
    • Subdivision: SAN DIEGO

    Other

    Other facts
    • Listing terms: Cal Vet,Cash,Conventional,FHA,VA,Cash To New Loan
    Services availability
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    Estimated market value

    $798,200