Located just east of Interstate 5 in Chula Vista, the 120 Madison Avenue Apartments present a compelling five-unit investment opportunity in one of San Diego County’s fastest-growing cities. Built in 1956, the property consists of three 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, situated on a 6,330 square foot lot. The property offers off-street parking and the potential to create private yard spaces, enhancing both functionality and tenant appeal. Each unit is equipped with an individual hot water heater, and the classic mid-century construction features pitched roofs and efficient, functional floor plans that have proven timeless for renters. With current rents positioned below market, investors have an immediate opportunity to add value through renovations and capitalize on strong rental upside. Chula Vista has grown into San Diego County’s second-largest city, now home to more than 260,000 residents. Ideally located close to schools, just seven miles from the U.S.–Mexico border, and approximately nine miles from Downtown San Diego, the community offers cultural vibrancy, economic growth, and consistent rental demand. Combining strong fundamentals, strategic location, and clear value-add potential, 120 Madison Avenue Apartments represents a well-positioned multifamily investment for both income and long-term appreciation.
- Parking:
- Spaces
- Flooring:
- Slab
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- Chula Vista
- Zipcode:
- 91910
- Street:
- Madison Ave
- Street Number:
- 120
- Longitude:
- W118° 54' 14.9''
- Latitude:
- N32° 38' 37''
- Directions:
- From Interstate 5 South, take the exit for E Street and head east. Continue on E Street for roughly half a mile, then turn right
- Mls Area Major:
- South Bay
- Office Name:
- Starker West, Inc.
- Agent Name:
- Seth R Watje
- Building Size:
- 2536
- Construction Materials:
- Drywall, Frame
- Levels:
- 2 Story
- Number Of Units Total:
- 5
- On Market Date:
- 2025-09-17
- Stories:
- 1
- Virtual Tour:
- https://www.propertypanorama.com/instaview/snd/250034839
- Co List Agent Full Name:
- Seth R Watje
- Co List Agent Mls Id:
- 646004
- Co List Office Mls Id:
- 991630
- Co List Office Name:
- Starker West, Inc.
- List Agent Mls Id:
- 646004
- List Office Mls Id:
- 991630
- Listing Term:
- Cash,Cash to New Loan
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2025-12-03T19:44:28Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
120 Madison Ave, Chula Vista, CA 91910
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 250039163
- Price :
- $1,449,000
- Bedrooms :
- 7
- Bathrooms :
- 5
- Square Footage :
- 2,536
- Status :
- Active
- Property Sub Type :
- Com-Res Income
- Roof:
- Composition