2-4 Units For Sale 2 Bedrooms 475 Oxford Street, Chula Vista, Californ

475 Oxford Street, Chula Vista, California 91911

2 Bedrooms
0.36 Sqft
Active
$1,724,800
Listing ID #PTP2204504
Property Description

LOCATION, VALUE ADD, + DEVELOPMENT OPPORTUNITY! 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. Take advantage of South Bay’s growth and appreciating rental market by buying into an investment property within close proximity to some of the region’s most rapidly growing job locations including the Navy’s newly built $1B Silver Strand Training Complex, the $1.3B Chula Vista Bayfront Development, and Amazon’s new $3M facility. All 3 units are currently rented on a month-to-month lease, have ample parking, and have their own washer/dryer hookup. Seller is willing to Carry Back. Unit 1: SFR 3 bed/2 bath, Rent is $2955, Pro Forma: $3455. Unit 2: Duplex Side A 2 bed/1 bath, Rent is $2045, Pro Forma: $2345. Unit 3: Duplex Side B 2 bed/1 bath, Rent is $1795, Pro Forma: $2345. Gross Income: $81,540. Cap Rate is approximately 4% 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 economically distressed neighborhoods

Basic Details
Property Type : 2-4 Units
Listing Type : For Sale
Listing ID : PTP2204504
Price : $1,724,800
Bedrooms : 2
Lot Area : 0.36 Sqft
Status Category : Active
 
Address Map
California
SD
Chula Vista
CHULA VISTA (91911)
Chula Vista
91911
Oxford Street
475
W118° 55' 30.8''
N32° 36' 28.2''
Additional Info
Premier Properties
Leslie
Peraza
15-08-2022 15:09:43
66
Assessor
: N/k
15,668 Sqft
6183010400
0
9580
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2
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 Sqft
0 Sqft
2955.0
2045.0
1795.0
Yes
Yes
No
No
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