ACRE Investment Real Estate Services is pleased to offer the Roosevelt Street Townhomes (the “Property”), an attractive rental community located in northwest Chula Vista, CA. The offering presents real estate investors the opportunity to acquire a stabilized real estate asset with upside in rental income. The property is being offered free and clear of debt encumbrances.
Roosevelt Street Townhomes benefits from a desirable and convenient location in San Diego’s Southbay. The property sits a mere few minutes away from the Pacific Ocean and San Diego Bay in an area characterized by quiet residential communities and neighborhood retailers.
The Property consists of a nicely landscaped garden setting spread out on a lot totaling 10,307 sq. ft. Originally constructed in 1981, the Property has consistently been renovated and well-maintained by current ownership. The asset has additional value-add potential through market rent stabilization and interior renovation. Roosevelt Street Townhomes consists of 6 apartment homes with approximately 5,850 total rentable square feet situated in one (1) residential building. The Property’s well-designed floor plans include six (6) large 2 Bedroom/1.5 Bath Townhome style units. The Property provides tenants with private patios, off-street parking, laundry facilities, and a courtyard setting.
Roosevelt Street Townhomes provides an opportunity to acquire a multifamily asset in one of the highest demand rental submarkets in San Diego County. The new owner will enjoy the security of having the property situated in close proximity to the coast, comparable apartment communities, local shopping, restaurants, as well as having easy access to Interstates 5 and 805. The asset’s proximity to the master planned waterfront development project will most certainly lead to tremendous growth in rents and future appreciation value. With upside in rental income , this offering is perfect for the long term investor seeking a pride of ownership asset with a strong current and future cash flow.