520 Glover Ave

Description

Seize this four-unit property that offers significant potential to add up to four more dwelling units. It currently generates six separate income streams, boasts a new roof (2025), and has over 120,000 dollars in annual gross income potential. Management is streamlined as individual water sub-meters mean tenants pay water, sewer, and trash. Owner responsibilities are limited to taxes, insurance, maintenance, and landscaping. The property features three spacious two-bedroom, one-bathroom units and a versatile studio, plus a separately-rented storage closet and a separately-rented detached one-car garage. Each dwelling unit has been refreshed over the last decade (Unit B last year) and includes a private patio with washer and dryer hookups. Parking is ample: the three two-bedroom units include two spots each, and the detached garage rental includes a large adjacent area with flexible parking for five cars or potential boat or RV storage. Strategically located near Downtown Chula Vista and the 10 billion dollar Bayfront development, this property is positioned for stable returns and long-term appreciation. This is the one. Seize a rare Chula Vista four-unit property that also serves as a high-yield development opportunity, with significant potential to add up to four more dwelling units. This asset is already a proven performer, generating six separate income streams from its three 2-bed/1-bath units, a versatile studio, a separately-rented storage closet, and a separately-rented detached garage. It's poised for over $120,000 in annual gross income, fortified by a brand new roof installed in 2025. Management is brilliantly streamlined. Individual water sub-meters mean tenants pay for their own water, sewer, and trash, leaving you responsible only for taxes, insurance, maintenance, and landscaping. This is low-effort ownership defined. The property has been meticulously cared for, with all units refreshed over the last decade (the latest renovation, Unit B, was completed last year). Tenants stay happy with desirable amenities, including private patios with washer and dryer hookups for each unit. Parking is a standout feature: the three 2-bedroom units enjoy two dedicated spots each. The detached garage rental includes an expansive adjacent area, offering flexible parking for five additional cars or valuable boat/RV storage. Strategically located moments from the pulse of Downtown Chula Vista and the transformative $10 billion Bayfront development, this property isn't just a stable asset"it's a launchpad for long-term appreciation. Don't miss this unique combination of immediate cash flow, six-figure income potential, and massive future growth.