553 Flower St, Chula Vista, CA 91910
$4,800,000
$5,100,000
5.9%
Est.Price: ?

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0.65 Acres Lot

553 Flower St Chula Vista, CA 91910

Est. payment /mo
SOLD DATE : 07/12/2024

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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 Sub-Type Mixed Use

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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Listed by Doug Taber Keller Williams Realty #01920184
Bought with Vic Minassian Great Source Realty Corp.
Jessica Lam

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