
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
Chula Vista’s Dynamic Future
Over $2.4 billion is being invested in transformative projects across Chula Vista. The most significant of these projects being the recently completed $1.35 billion redevelopment of Chula Vista’s Bayfront, located just two and a half miles from Sereno, which is expected to contribute $500 million annually to the local economy.
Thriving Rental Market Fundamentals
From 2025 to 2029, Chula Vista is expected to have an average annual effective rent increase of 3.2% versus San Diego’s 1.8%.
Prime Location and Unmatched Accessibility
Sereno is centrally located between the I-5 and I-805 freeways, offering convenient access to lifestyle destinations across San Diego. San Diego’s key employment hubs, including Downtown, Kearny Mesa, Mission Valley, and UTC, are all reachable from Sereno in under 30 minutes. Sereno also offers immediate access to Chula Vista’s lifestyle amenities, from the San Diego Country Club directly across the street, to the wealth of restaurants, bars, and shopping available in Downtown Chula Vista.
Condo Conversion Potential
Sereno offers an exceptional condo conversion opportunity in Chula Vista’s high demand residential market. Built to condo specification, the property features large units averaging 981 square feet, complete with individual garages and covered parking spaces. Residents enjoy a fully amenitized lifestyle with access to a clubhouse, pool, and gym.
Highly Attractive Assumable Financing
Subtext: $29.5 million balance assumable financing at 4.32% fixed maturing April 1st, 2029.
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
Photo Gallery
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]
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.














