520 Glover Ave
Chula Vista, CA, 91910 $ 1,699,000
Baths1.0 Monthly Estimate*
$ 10,600
Studio for $1,699,000 with 1 full bath. This home was built in 1960 on a lot size of 0.195.
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.
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FeaturesGeneralHeating Electric See Remarks
Cooling None
Possession Close Of Escrow
Roof Composition
Appliances Gas Water Heater
HOA Fee 0
Pool Features None
Year Built 1960
Tenant Pays Sewer Trash Collection Water
Stories Count 1
Levels One
County San Diego
Net Operating Income 110533
Property Type Residential Income
Subdivision Name Chula Vista
Status Active
Directions h street to glover head south on glover property located west side of the street CrossStreet: H street & Mankato
City Chula Vista
Senior Community Y/N 0
Number Of Units Total 4
MLS Area 91910 - Chula Vista
Lot Size Units Square Feet
Lot Size Square Feet 8493
Listing Terms Cash Conventional Contract Cal Vet Loan FHA VA Loan
Spa Features None
Virtual Tour https://www.propertypanorama.com/instaview/snd/250025458
Standard Status Active
Cap Rate 6.51
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InteriorTotal Stories 1
Air Conditioning Y/N 0
Heating Y/N 1
Total Baths 0
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ExteriorFencing Partial
Lot Features Sprinkler System
Total Parking 0
Lot Size Area 8493
Park Name N/A
Number of Buildings 2
Spa 1
Lot Size Acres 0.195
Private Pool 0
Lot Size Source Assessor
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $10,600
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chula Vista, CA
Average List Price $1,356,446
Percent of Sale Price 20%
About Chula Vista, CA 270,474 Population
54% Since 2002
$ 67,673 Median Income
35.5 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/20/2025 | $1,699,000 | | Listed Price |