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441 Tremont St 7 Unit Apartment Building $1,900,000 ($271,429/Unit) 4.92% Cap Rate Chula Vista, CA 91911

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Executive Summary

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire 441 Tremont Street (the “Property”), a 7-unit multifamily property located in the supply constrained Chula Vista submarket of San Diego, California. Situated in the rapidly growing Otay Town neighborhood, the Property offers convenient access to Interstate 5, Interstate 805, and State Route 905, connecting residents to employment centers throughout San Diego County, including the South Bay’s expanding retail, logistics, and healthcare corridors, as well as the nearby US/Mexico border crossing at Otay Mesa.

441 Tremont OM

Property Facts

Price	$1,900,000	Building Class	C
Price Per Unit	$271,429	Lot Size	0.24 AC
Sale Type	Investment	Building Size	6,200 SF
Cap Rate	4.92%	Average Occupancy	100%
No. Units	7	No. Stories	2
Property Type	Multifamily	Year Built	1978
Property Subtype	Apartment	Parking Ratio	1.29/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2P - 5-15 unit Multi-Family

Price	$1,900,000
Price Per Unit	$271,429
Sale Type	Investment
Cap Rate	4.92%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.24 AC
Building Size	6,200 SF
Average Occupancy	100%
No. Stories	2
Year Built	1978
Parking Ratio	1.29/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2P - 5-15 unit Multi-Family