402 Church Ave, Chula Vista, CA 91910
402 Church Ave, Chula Vista, CA 91910
402 Church Ave, Chula Vista, CA 91910
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Margaret DeLao

Margaret DeLao

+1(858) 229-8016
$1,688,888
Est. payment /mo
582 Beds
6 Baths
5,580 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,580 sqft

Price per Sqft $302

MLS Listing ID 260007152

Bedrooms 582

Full Baths 859

Lot Size 6,383 Sqft

Lot Dimensions 120x55x120x52

Property Sub-Type Com-Res Income

Property Description

Variance granted for the property class. PRIME MIXED-USE REDEVELOPMENT PROPERTY!! Multiple redevelopment scenarios may be possible from 49 AFFORDABLE UNITS + 8 ADU's; OR 10 Lots/INDIVIDUAL TOWNHOMES; OR 10 Units + 8 ADU's; or build 2 TOWNHOMES OR 6 ADDITIONAL UNITS to replace commercial Mechanics Shop. Keep the four residential units in place while entitling and building out back two buildings for income. Or Mechanic Owner/User with 4 Residential Income Units on Front 2-Story building. This property has a variety of options and potential for a future investor or developer from small projects to large affordable units. Bring your developers large or small as SB684 paves the way. All tenants on M-M with lower than market rents for value add. 10 % increases will bring this to approx. TO A 5.22% CAP. Both buildings insured separately connected by emergency exit exterior 2nd- floor wooden staircase attached to both buildings. Gated property, on corner of Church Ave. and G St- WITH LEGAL ADDRESSES OF 402 CHURCH FOR UNITS #2(2B/1B $1870/m) , #3(2B/1B $1980/m) & #4(2B/1B $2200/m) + each pay utilities, except water; Unit #282 G ST. (2B/2B $2300/m + utilities, except water) AND MECHANICS SHOP #286 G ST. ($2500/m + all utilities except water)one block off 3RD AVENUE PROMENADE- FAMOUS Walking Retail, Restaurant & Commercial District with Mass Transit.

Location

State CA

County San Diego

Area South Bay

Zoning commercial

Direction +/-Equal distance frm HWY 5 or 805- H Street to Third Avenue, Rt on G St. Property begins right after 7/11 and alley way. Corner

Interior

Flooring Other/Remarks

Fireplace No

Exterior

Parking Features Other/Remarks

View Y/N No

Roof Type Other/Remarks

Total Parking Spaces 2

Building

Dwelling Type Apartment,Fourplex,Free Standing,Other/Remarks

Story 2

Others

Senior Community No

Tax ID 568-420-07-00

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

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MLS Router / San Diego MLS
Listed by Lesha A Montoya, DRE#02007808 Pacific Coast Commercial 

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Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

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