475 Oxford ST Open House Save Request In-Person Tour Request Virtual Tour
Chula Vista,CA 91911
OPEN HOUSE
Fri Jan 31, 9:00am - 9:00am
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2500689
HOA Y/N No
Year Built 1948
Lot Size 0.360 Acres
Property Description
ENTERTAINING ALL OFFERS - DOUBLE LOT, HIGH RENT ROLL, + 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. 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 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: permits, units, square footage, and development opportunities allowed.
Location
State CA
County San Diego
Area 91911 - Chula Vista
Zoning Residential
Interior
Fireplace No
Laundry Washer Hookup,Electric Dryer Hookup
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
View Y/N No
Total Parking Spaces 11
Private Pool No
Building
Lot Description Front Yard,Gentle Sloping,Level,Near Public Transit,Rectangular Lot,Street Level,Value In Land
Story 1
Others
Senior Community No
Tax ID 6183010400
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,Owner May Carry,Submit
Listing Terms Cash,Conventional,1031 Exchange,FHA,Owner May Carry,Submit
Special Listing Condition Standard