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46-48 Broadway Chula Vista, CA

$1,499,000

46-48 Broadway, Chula Vista, CA 91010

Active
Last Updated: 04/14/2025

4.4

Cap Rate

66,012

NOI

Details:
Cap Rate:    4.4%
NOI:    $66,012
Building Size:    5,316 sqft
Lot Area:    0.31 acres
Year Built:    1938
Zoning:    C-3
Floors:    1
Parking Spots:    8
Year Last Renovated:    2003
Parking Ratio:    1.5
Highlights:
  • Tax Roll Number: 565-040-16
  • Available Floors: 1
  • Average Floor Size: 5316.0
  • Average Occupancy Rate: 100.0
  • Gross Income: $ 90000.0
  • Ground Level: true
  • Max Contiguous Area: 5316.0
  • Age: Over 50 Years Old
  • Lot Size: 2-5 Acres
  • Sewer: City
  • Water: City Water
Description:

Drive Through Retail with variety of retail use including Automotive, Restaurant, Dental Office, Dry Cleaners 4.4% Cap rate under the sales price and its new property tax rate with in-place low current rent Current tenant lease ending in 10/31/2027 at with options left at market rent price at the renewal period (Current market rent price is significantly higher than in-place rent) Current tenant showed possible interest in vacating early Open floorplan interior with extra high ceilings Great upside potential for owner user or investment once current tenant renews with new lease or vacates in 10/31/2027 C-3 Zoning per Chula Vista for Redevelopment plan Close Proximity to San Diego International Airport (11 Miles)

C-3 ZONING ACORDING TO CHULA VISTA URBAN CORE SPECIFIC PLAN LAND USE MATRIX PERMITS USE OF THIS LAND FOR :
COMMERCIAL SERVICES SUCH AS AUTOMOTIVE REPAIR, BICYCLE REPAIR, COIN OPERATED LAUNDRY, DRY CLEANERS, ELECTRONICS REPAIRS, FUNERAL PARLORS/MORTUARIES, GENERAL CONTRACTING, HVAC SERVICES, PET GROOMING,GALLERIES, PRESCRIPTION PHARMACY, RETAILS SALES, PARKING STRUCTURES/LOTS PUBLIC AND COMMERCIAL WITH CUP, RESTAURANTS WITH SALE OF ALCOHOLIC BEVERAGES, DRIVE -THROUGH RESTAURANTS AND MANY PERMITTED USE

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Today's Available Mortgage Rates

46-48 Broadway, Chula Vista, California 91010

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/06/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$4,330 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $0 Lender fees
Loan Amount $674,550 Loan Amount
Details
BankLender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$4,383 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $0 Lender fees
Loan Amount $674,550 Loan Amount
Details
BankLender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$4,326 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 44% LTV $0 Lender fees
Loan Amount $659,560 Loan Amount
Details
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