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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