Enclave at Otay Ranch — Sale in Chula Vista, CA

  • Price: $151K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chula Vista, CA 91913
  • Year built: 2017

Photos

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Description

JLL, as exclusive advisor, is pleased to present for sale Enclave at Otay Ranch (the “Property”) — a 300-unit, 100% market-rate multi-housing investment opportunity located within the master-planned community of Otay Ranch in Chula Vista, California. Built in 2017 by the award-winning Baldwin Company, the Property pairs institutional-quality, single-family-inspired product with embedded upside in San Diego County’s fastest-growing submarket. Rising three stories across 9.93 acres, Enclave delivers a garden-style living experience defined by home-builder craftsmanship rarely found in the rental market. Its one-, two-, and three-bedroom residences average 971 square feet — among the largest floor plans in the submarket — and feature quartz countertops, stainless steel appliance packages, full-size in-home washers and dryers, and private patios and balconies. This family-oriented product profile has cultivated a durable renter base earning approximately $151,000 on average, drawn to A-rated assigned schools including Otay Ranch Senior High School, located directly across the street from the property, as well as abundant parkland and the walkable amenities of one of the nation’s most successful master-planned communities. The Property’s amenity package is the most complete in its competitive set, anchored by a resort-style saltwater pool and spa, a fully-equipped fitness center, a game lounge, outdoor fireside lounges, a children’s playground, and a clubhouse — all within a gated, controlled-access, solar-powered community offering private garages and EV charging. Recognized by the Building Industry Association of San Diego for both, Enclave sets the market standard for lifestyle and resident retention across Otay Ranch. Enclave also offers a clear runway to rent growth. With a 4.5% loss-to-lease and in-place rents trailing newly constructed market leaders by more than $600 per month — a discount of 20%-plus — the asset provides new ownership meaningful embedded upsi

Market Context

This multifamily in Chula Vista, CA is listed for sale at $151,000. The building dates to 2017. Compare it against other multifamily listings for sale in Chula Vista, CA — view the full market.

As of Q4 2025, the San Diego multifamily market showed a 5.4% vacancy rate, average asking rents near $2456.00/unit/mo, and cap rates around 4.6%. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Diego?
About 4.6% as of Q4 2025, per multiple brokerage reports.
Is the San Diego multifamily market tightening or softening?
Vacancy is around 5.4% (Q4 2025).

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