Chula Vista, CA 91911,1071 Madison Ave
Chula Vista, CA 91911,1071 Madison Ave
Chula Vista, CA 91911,1071 Madison Ave
Chula Vista, CA 91911,1071 Madison Ave
Chula Vista, CA 91911,1071 Madison Ave
Chula Vista, CA 91911,1071 Madison Ave
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$735,000

$750,000

2.0%
Est.Price: ?

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Est. payment /mo

3 Beds

2 Baths

1,084 SqFt


SOLD DATE : 11/23/2022

Key Details

Sold Price $735,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,084 sqft

Price per Sqft $678

Subdivision San Diego

MLS Listing ID 220024906SD

Sold Date 11/23/22

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1950

Lot Size 5,823 Sqft

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! Complex Features: ,, Equipment: Dryer, Satellite Dish, Washer Sewer: Public Sewer Topography: LL

Location

State CA

County San Diego

Area 91911 - Chula Vista

Zoning R-1

Rooms

Other Rooms Guest House Attached

Interior

Interior Features Bedroom on Main Level, Main Level Primary

Heating Combination, Forced Air, Natural Gas

Cooling Electric

Flooring Tile

Fireplaces Type Guest Accommodations

Fireplace Yes

Appliance 6 Burner Stove, Convection Oven, Counter Top, Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Indoor Grill, Ice Maker, Microwave, Refrigerator

Laundry Gas Dryer Hookup, Laundry Room, Outside

Exterior

Exterior Feature Fire Pit

Parking Features Covered, Carport, Gravel, Gated, On Site, Private, One Space

Fence Brick, Wood

Pool None

View Y/N Yes

View Courtyard, Neighborhood, Peek-A-Boo

Roof Type Composition

Porch Deck

Attached Garage No

Total Parking Spaces 8

Private Pool No

Building

Lot Description Drip Irrigation/Bubblers

Story 1

Entry Level One

Water Public

Level or Stories One

Additional Building Guest House Attached

Others

Senior Community No

Tax ID 6181420400

Security Features Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, FHA, VA Loan

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Christopher Burgos • My Home Group Real Estate
Bought with Juan Alamilla Quintana • Big Block Realty, Inc

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