99 Broadway, Chula Vista, CA 91910
99 Broadway, Chula Vista, CA 91910
99 Broadway, Chula Vista, CA 91910
99 Broadway, Chula Vista, CA 91910
99 Broadway, Chula Vista, CA 91910
99 Broadway, Chula Vista, CA 91910
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LJ Bognot

LJ Bognot

+1(858) 610-8583
$ 3,400,000
Est. payment | /mo

2 Beds

15 Baths

3,093 SqFt

Save
$ 3,400,000
Est. payment | /mo
Save

2 Beds

15 Baths

3,093 SqFt

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,093 sqft

Price per Sqft $1,099

MLS Listing ID 260027097

Bedrooms 2

Full Baths 15

Lot Size 10,890 Sqft

Property Sub-Type Com-Res Income

Property Description

99 Broadway is a 15-unit multifamily property at the corner of D Ave and Broadway in downtown Chula Vista. Unit mix of 13 studios and two 1BR/1BA units; every unit was renovated in 2023 and converted from hotel use to multifamily. Currently 13 of 15 units occupied, with 2 vacant units (#8 and #14) ready for immediate lease-up. Current gross scheduled rent of $206,400/yr vs. $292,800/yr at market, roughly $86,400/yr (+42%) of rent upside. Offered at a 5.94% cap rate on NOI of $202,000. 3,093 SF building on a 10,890 SF (0.25 AC) lot with 11 surface parking spaces. Zoned C-3 (Broadway North) under the Chula Vista Urban Core Specific Plan. Low-maintenance property with no landscaping. Walkable, transit-served location near bus lines, shops and restaurants, with easy access to SR-54 and I-5. About 7 miles to downtown San Diego, 9 miles to the Mexican border, and close to the Gaylord / Chula Vista Bayfront development. A compelling workforce-housing investment requiring only modest capital expenditure.

Location

State CA

County San Diego

Area South Bay

Zoning C-3

Direction Corner of D Ave and Broadway in downtown Chula Vista.

Interior

Heating Wall

Cooling None

Flooring Slab

Fireplace No

Exterior

Parking Features Spaces

View Y/N No

Roof Type Composition

Total Parking Spaces 11

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 565-330-02-00

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

MLS Router / San Diego MLS
Listed by Ron Chaquica, DRE#01246523 The Agency 
Co-listed bySamuel J Rubio • The Agency

Schools and Properties Nearby

LJ Bognot

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(858) 610-8583

lj@ljbognot.com

2820 Camino del Rio S Suite 300, San Diego, CA 92108, USA

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99 Broadway