930 Third Ave

Chula Vista, CA 91911

120

Units

2018

YEAR BUILT

Property Description

Berkadia is pleased to present the opportunity to acquire Sereno, a 120-unit asset in the rapidly developing Chula Vista submarket of San Diego, California.

The property features $29.5 million balance assumable financing at 4.32% fixed maturing April 1st of 2029.

Chula Vista stands out as one of San Diego’s most robust and resilient submarkets. From 2025 to 2029, Chula Vista/Imperial Beach is expected to achieve an average annual effective rent increase of 3.2%, compared to San Diego’s average of 1.8%. In addition to its excellent rental market fundamentals, Chula Vista is in the midst of a dynamic transformation, with over $2.4 billion being invested in transformative projects across Chula Vista. These projects include the recently completed $1.35 billion redevelopment of the 535-acre Chula Vista Bayfront, which holds the Gaylord Pacific Resort and Convention Center, the largest hotel on the West Coast.

Between Sereno’s spacious average unit size of 981 sq. ft. and its modern design and finishes, it is the perfect home for today’s discerning renter looking for a home-like feel in a bustling neighborhood such as Downtown Chula Vista. Sereno presents investors the opportunity to own a piece of the exciting and exponential transformation of Chula Vista.

Investment Highlights

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Amenities

Community Amenities 

  • Heated Saltwater Pool
  • Playground
  • Garages Available to Rent
  • Storage Units Available to Rent
  • Fitness Center
  • Clubhouse with Lounge
    • Gas BBQs
    • Fire Pit
    • EV Charging Stations

Unit Amenities

  • Balcony/Patio
  • Spacious Closets
  • Stainless Steel Appliance Package
  • Central Air Conditioning and Heating
  • Wood-Style Flooring
  • Full Size Washers and Dryers
  • Storage Closets
  • Modern Cabinetry
  • Window Coverings
  • Views of Chula Vista Golf Course*

*In Select Units

Contact

Office

San Diego Office
4275 Executive Square
Suite 700
La Jolla, CA 92037

Investment Sales

Ed Rosen
Managing Director
858.342.0700
[email protected]
CA DRE# 01010225

John Chu
Managing Director
619.990.5200
[email protected]
CA DRE# 00966982

Tyler Sinks
Managing Director
619.890.8486
[email protected]
CA DRE# 01910220

Mortgage Banking

Lee Scott
Director
858.275.5066
[email protected]

Kevin Mignogna
Senior Managing Director
949.622.9238
[email protected]

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930 Third Ave | Chula Vista, CA 91911

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Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage company business in Nevada.
 

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit www.berkadia.com/licensing.

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