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Listed by Leslie Peraza • Finest City Homes
$ 1,499,900
Est. payment /mo
Active
475 Oxford Street Chula Vista, CA 91911
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
Originating Board Datashare California Regional
Year Built 1948
Lot Size 0.360 Acres
Property Sub-Type OTHER
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 $3545, Pro Forma: $4000. Unit 2: Duplex Side A 2 bed/1 bath, Rent is $2315, Pro Forma: $2550. Unit 3: Duplex Side B 2 bed/1 bath, Rent is $2235, Pro Forma: $2550. Gross Income: $97140. Cap Rate is approximately 4.81% but can be increased with Pro Forma rents up to 4.9%. ATTENTION DEVELOPERS: This Property falls within the "Opportunity Zone" which provides tax incentives with the intention to promote investment in e
Location
State CA
County San Diego
Interior
Fireplace No
Laundry Other
Building
Lot Description Level, Other, Front Yard
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Sofia Gurevich
Real Estate & Mortgage Broker | License ID: CA DRE 01249163 I NMLS 287968