61 First Avenue
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2026 | Sold | ||
| Sold | |||
| Dec 16, 2025 | Listed by BuySDHouses | $290,000 | |
| Listed by BuySDHouses | |||
| Oct 14, 2025 | Listed | $199,000 | |
| Listed | |||
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Priced to sell now! This is your chance to build exactly what you want in the heart of up-and-coming West Chula Vista. This 10,032 sq. ft. mostly flat, usable lot offers endless potential—perfect for your custom home with room to add an ADU or junior ADU for extra income or multigenerational living. Ideally located just minutes from Downtown Chula Vista, Downtown San Diego, top-rated schools, parks, and the Chula Vista Golf Course. No HOA and R-1 zoning mean you can bring your builder and your vision to life. Opportunities like this are rare—don’t wait!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017