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Sunrise Villas

Active

Featured Listing

Sunrise Villas

1029 4th Ave

$4,195,000

UNITS

8

PROPERTY TYPE

Multifamily

SQUARE FEET

15,069

CAP RATE

AE

Arby Eivazian

DRE# 01948830 · South Coast Commercial

619-990-4436

Property Details

Property Name

Sunrise Villas

Address

1029 4th Ave, Chula Vista, CA 91911

Asking Price

$4,195,000

Units

8

Building Size

15,069 SF

Property Type

Multifamily

Cap Rate

Price Per Unit

$524,375

Status

Active

Broker

South Coast Commercial

Investment Opportunity

Sunrise Villas is a fully renovated, pride-of-ownership 8-unit multifamily property in a high-demand area of Chula Vista. Built in 1986 on a +/-15,069 SF corner parcel, the two buildings offer eight spacious three-bedroom/two-bath units of approximately 1,170 square feet each. Each unit features a modern open floor plan with granite countertops, full appliance packages, in-unit washer/dryer hookups, oversized bedrooms, en suite primary bathrooms, and private patios or balconies. Residents enjoy 14 parking spaces and a family-oriented design, while ownership benefits from newly renovated units and long-term operational efficiency.

Located minutes from I-5, SR-54, and the H Street Trolley Station, Sunrise Villas benefits from direct access to major employment hubs and walkable proximity to schools, parks, and retail, near Sharp Chula Vista Medical Center and Southwestern College. R-3 zoning may allow for future value-add enhancements or ADU development, subject to feasibility and city approval. Positioned near the planned Bayfront redevelopment, the property offers immediate cash flow with long-term upside in one of South County's most resilient submarkets.

Why This Property

Strong in-place income

High-demand urban corridor

Rental upside potential

Limited competing inventory

Suitable for 1031 exchange

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Interested in This Property?

Request the full offering memorandum, financial details, and schedule a private showing.

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