$4,800,000
$5,100,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
553 Flower St Chula Vista, CA 91910
0.65 Acres Lot
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240005129SD
Sold Date 07/12/24
HOA Y/N No
Lot Size 0.653 Acres
Property Description
Blossom Court presents a premier investment opportunity with its 2 buildings, on 2 parcels, totaling 16 units. The community stands out with its high curb appeal, featuring ALL 2 and 3 bedroom units. Plus 12 garages and 18 off-street parking spots. Lush landscaping and clean hardscaping throughout. The onsite laundry facility includes 4 OWNED machines with the potential for additional stackable machines, enhancing convenience for the residents and revenue for the investor. The property offers a big value-add opportunity with RUBS and SIGNIFICANT rent upside potential! Its prime location is near Chula Vista’s iconic Third Street/Village, San Diego Bay, and the major billion-dollar Bayfront Redevelopment. Easy access to arterial roads, Naval Base, San Diego Port, and downtown San Diego further underscores its desirability. Blossom Court is not just an investment; it's a strategic asset poised for growth in one of San Diego's vibrant communities.
Location
State CA
County San Diego
Area 91910 - Chula Vista
Interior
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 18
Others
Tax ID 5651911000
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Bought with Vic Minassian • Great Source Realty Corp.
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442