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    Rental Property Listing

    For Sale

    Blossom Court | 16 Units in Chula Vista

    553-555 Flower St, Chula Vista, CA 91910
    • Price: $5,100,000
    • Units: 16
    • Cap Rate: 2.9%
    • GRM: 18.1
    • Property Type: Multi-Family
    • Property Sub Type: Commercial
    • Remarks: FIRST TIME ON MARKET! Rarely does the opportunity present itself to acquire a 1990s-built, 16-unit property with an incredible unit mix just blocks from the San Diego Bay in Downtown Chula Vista. Welcome to Blossom Court. Two separate parcels totaling 28,426sf were acquired to make up this 16-unit apartment community. The unit mix is comprised of eight (8) 2 BD/1 BA, four (4) 2 BD/2 BA, and four (4) 3 BD/ 2BA units. Blossom Court has wonderful curb appeal with lush greenspaces and clean hardscapes. Tenant-friendly amenities include enclosed garages, patios & balconies, onsite laundry with owned machines, an updated fire sprinkler system, and concrete parking areas with a secure, gated entrance. Ideally situated in a prime area of Chula Vista, the location boasts excellent proximity to Naval Base San Diego, Downtown San Diego, and the new BILLION DOLLOR BAYFRONT PROJECT scheduled to come online in May 2025. This community offers an attractive housing option for military personnel, employees of the many surrounding businesses, and urban professionals working in Downtown San Diego. Contact us today at (619) 483-1031 or visit www.DougTaber.com to learn more about this incredible opportunity to own this Chula Vista cash cow!