475 Oxford Street, Chula Vista, CA 91911

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Kevin Silverstein

[email protected] +1(619) 203-7041

$1,499,900

Est. payment - /mo

8 Beds

4 Baths

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UPDATED:

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

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 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

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

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Listed by Leslie Peraza Finest City Homes

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities

475 Oxford Street Chula Vista, CA 91911

Kevin Silverstein

Key Details

Location

Interior

Exterior

Building

Others

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