Detailed Introduction Of This Home
The Flower Street apartments at 534 Flower St in Chula Vista, comprises (3) 1-story detached buildings, each featuring two units, for a total of (6) units, averaging about 784 square feet. Built in the 60s, the property is a wood frame and stucco construction on a raised crawl foundation offering ample onsite parking, totaling approximately 12 parking spaces on recently poured concrete, and a few carports in between units. The title report states the building sitting on a 16,181 square foot lot, though there is no record of the exact year built and building square footage. The property is nestled within a residential neighborhood featuring a mix of single-family homes, condominiums, and apartment buildings. The property consists of (6) two-bedroom, one-bathroom units, each featuring a rear private fenced in yard/patio and separately metered for gas and electric. Each unit is averaging approximately $1,383 per month in rent, allowing for over 80% in rental upside. Interiors of most units include laminate, vinyl plank flooring combined with tile in kitchens and baths. Some units have newer cabinets and granite counters as well. Exterior upgrades include recently replaced dual-paned windows, stucco, landscaping, paint, and texturing. Units do not have A/C, and all have an individual gas, water heater and gas walls. There is an on-site common laundry room that is currently not in use. The Flower Street apartments enjoy a prime location just minutes from Downtown Chula Vista and the Chula Vista Mall.