Detached House with Duplex | 210-212 Del Mar Avenue
$1,200,000
210-212 Del Mar Avenue, Chula Vista, CA 91910
3.73
In-Place Cap Rate
6.1
Pro Forma Cap Rate
Details:
Highlights:
- Low Density & Well-Parked Asset
- Walking Distance to Downtown Chula Vista
- Central Location Near Prime Local Amenities
- ADU Potential
- 40% Upside in Rents
Description:
Commercial Asset Advisors is pleased to present the opportunity to acquire a well-located, value-add triplex in the heart of West Chula Vista, one of the most accessible and evolving neighborhoods in South Bay. Situated just a minutes walk from downtown Chula Vista, the Bayfront Redevelopment Project, and major freeways, this property offers a compelling mix of immediate rental income and long-term upside.
The property consists of three units: a charming 2 bed / 1 bath detached house and a duplex in the front, each 1 bed / 1 bath. Ideal for an owner-occupant, the detached home provides a private and comfortable residence while the duplex offers strong rental income. Investors will also appreciate the opportunity to boost rents and maximize value.
Recent upgrades include new plumbing and new windows, offering peace of mind and reducing near-term capital expenditures. Additionally, the detached single-car garage presents an excellent ADU conversion opportunity, allowing for further income potential and improved returns.
With its desirable location, strong fundamentals, and multiple pathways to increase value, 210 Del Mar Ave represents a rare opportunity in a supply-constrained market.
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