REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,499,900
Est. payment | /mo
8 Beds
4 Baths
$ 1,499,900
Est. payment | /mo
8 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2500689
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
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 distressed neighborhoods. Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! Through this program, investors can achieve the following three significant tax benefits. ALL INFORMATION PROVIDED IS DEEMED RELIABLE. Buyer to verify all before the close of escrow including but not limited to: per
Location
State CA
County San Diego
Zoning Assessor
Direction Google Maps
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 6183010400
Listed by Leslie Peraza Finest City Homes
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "