Chula Vista & Villa Verde Apartments

Chula Vista & Villa Verde Apartments

Oklahoma city, OK
  • Property Type: Apartments
  • Year Built : 1968/1970
  • Property Size: / 192 Units


Capstone is pleased to present Chula Vista and Villa Verde, 1968 & 1970s vintage, classic value-add assets in Oklahoma City, Oklahoma. Chula Vista (61 units) and Villa Verde (131 units) present phenomenal potential to investors seeking entry into the resilient South Oklahoma City multi-family market. These assets possess an in-place value-add program, which if completed, could reap new ownership a +25% ROI. Having recently completed multiple significant CapEx investments, current ownership has done much of the heavy lifting, including new roofs on the entire property and updating all but 33 units. This allows new ownership to enjoy minimal deferred maintenance throughout ownership. These well-maintained properties have been able to hold a combined average occupancy above 92% over the last ten months. Additionally, the property is strategically located within Oklahoma City, with an abundance of employment opportunities and unmatched connectivity to various interstate highways. Chula Vista and Villa Verde are well positioned to take advantage of the multiple new development projects in the immediate area.  

Investment Highlights

  • In-Place Value-Add Program
  • Strong Fundamentals
  • Strategic Location and Employment

Contact Information

Mike Marrara Director P: 918.230.3875
O: 800.746.3175 ext. 7045
David Dirkschneider Managing Director P: 405.514.0340
O: 800.746.3175 ext. 7044
William Forrest Managing Director P: 405.210.3298
O: 800.746.3175 ext. 7046
Chris O'Hare Investment Sales Advisor P: 918.812.9681
O: 800.746.3175 ext. 7013