Courtyard Apartment Homes

326 I Street | Chula Vista | CA | 91910


Confidentiality Agreement

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Property Details

  • Price: $ 4,320,000
  • Price Per Unit: $ 270,000.00
  • Units: 16
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 10,278 SF
  • Cap Rate: 3.96%
  • Year Built: 1978
  • No. Stories: 2
  • Availability: Sold

Property Description

ACRE Investment Real Estate Services is pleased to offer the Courtyard Apartment Homes (the “Property”), an attractive rental community located in northern Chula Vista, CA. The offering presents real estate investors with the opportunity to acquire a stabilized real estate asset that has been meticulously renovated and professionally managed. The property is being offered free and clear of debt encumbrances.

The Property consists of a nicely landscaped garden setting spread out on a large lot totaling 22,215 sq. ft. Originally constructed in 1978, the Property was extensively renovated in 2016 and is well-maintained by the current ownership.

Courtyard Apartment Homes consists of 16 apartment homes with a total of approximately 10,200 rentable square feet situated in one (1) residential building. The Property’s well-designed floor plans include fourteen (14) One-Bedroom / One-Bath units and two (2) Two-Bedroom / One-Bath Units. The Property provides tenants with secure off-street parking, modern laundry facilities, and a courtyard setting. All ground-floor units offer tenants patios with private yards and second-story tenants have private balconies.

The renovation of the property consisted of both the exterior of the building and the interior of the units. The exterior renovations include – paint, new vinyl windows, a resurfaced parking lot, new lighting, and an electric gate with an intercom, which allows access to the property and added security. The interiors were appointed with – new cabinets, granite countertops, and appliances including – refrigerators, ranges, and built-in microwaves, fixtures, and sinks. In addition, laminate vinyl plank flooring was added to the living areas with new tile flooring in the bathrooms. New light fixtures, ceiling fans, double-mirrored closets, linen closets, window coverings, and interior doors were also included as part of the renovation.

Courtyard Apartment Homes provides an opportunity to acquire a renovated multifamily asset in one of the highest-demand rental submarkets in San Diego County. The new owner will enjoy the security of having the property situated in close proximity to the coast, comparable apartment communities, local shopping, and restaurants, as well as having easy access to Interstates 5 and 805. The asset’s proximity to the master-planned waterfront development project will most certainly lead to tremendous growth in rents and future appreciation value.


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Financial Summary

Investment Highlights

Price $4,320,000.00
Price / Unit $270,000.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $4,320,000.00


Income & Expenses



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Net Operating Income $0.00 $0.00
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Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

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