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Listed by Leslie Peraza • Finest City Homes
$1,499,900
Est. payment /mo
0.36 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2500689
HOA Y/N No
Year Built 1948
Lot Size 0.360 Acres
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
SELLER WILLING TO CARRY BACK OR FINANCE. HUGE PRICE IMPROVEMENT - SELLER WILLING TO OFFER CREDITS TOWARD CLOSING COSTS OR RATE BUYDOWN PROGRAMS. BRING ALL OFFERS. REACH OUT FOR MORE INFO. In the opportunity zone, this SFR + Duplex have potential to add value. This is a double lot located in West Chula Vista with freeways, public transportation, and shopping accessible. This property boasts a 4 bed + loft, 2 bath Single Family Residence as well as a Duplex with 2 beds, 1 bath per unit (newly constructed). The existing 3 units are all built on 1 side of the almost 16,000 sqft lot. New owners can LOT SPLIT or continue to develop the west half of the property utilizing SB-9 regulations to their advantage. Each unit has designated parking and washer/dryer hookup. All 3 units are currently rented on a month-to-month lease, have ample parking, and have their own washer/dryer hookup. Unit 1: SFR 4 bed/2 bath, Rent is $3795, Pro Forma: $4000. Unit 2: Duplex Side A 2 bed/1 bath, Rent is $2500, Pro Forma: $2550. Unit 3: Duplex Side B 2 bed/1 bath, Rent is $2400, Pro Forma: $2550. Gross Income: $104,340. Cap Rate is approximately 6.2%. ATTENTION DEVELOPERS: This Property falls within the "Opportunity Zone" which provides tax incentives with the intention to promote investment in economically
Location
State CA
County San Diego
Interior
Fireplace No
Laundry Other
Building
Lot Description Level, Other, Front Yard
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