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.
Property Details
Price:
$1,849,000
MLS #:
PTP2500689
Status:
Active
Baths:
0
Address:
475 Oxford Street
Type:
Residential Income
Neighborhood:
91911chulavista
City:
Chula Vista
Listed Date:
Jan 23, 2025
State:
CA
ZIP:
91911
Lot Size:
15,668 sqft / 0.36 acres (approx)
Year Built:
1948
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
1.00
Lot Features
Front Yard, Gentle Sloping, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Value In Land
Parking Spots
11.00
Pool Features
None
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address475 Oxford Street Chula Vista CA
- Area91911 – Chula Vista
- CityChula Vista
- CountySan Diego
- Zip Code91911
Similar Listings Nearby
- 217 Evergreen Ave
Imperial Beach, CA$2,199,999
3.72 miles away
- 680 Ocean Ln
Imperial Beach, CA$2,100,000
3.34 miles away
- 204 W Lewis Street
San Diego, CA$1,995,000
4.20 miles away
- 411 8 TH
Imperial Beach, CA$1,899,000
3.74 miles away
- 556 8th S Street
Imperial Beach, CA$1,825,000
2.79 miles away
- 204 Evergreen Ave
Imperial Beach, CA$1,499,000
3.72 miles away
- 315 Ash Ave
Chula Vista, CA$1,395,000
4.49 miles away
- 2848 Morningside St
San Diego, CA$1,395,000
4.26 miles away
- 378 7Th Street
Imperial Beach, CA$1,349,900
2.80 miles away
Courtesy of Finest City Homes. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
475 Oxford Street
Chula Vista, CA
LIGHTBOX-IMAGES