475 Oxford Street, Chula Vista, CA 91911
  • MLS#: PTP2500689 ( Multi-Family )
  • Street Address: 475 Oxford Street
  • Viewed: 9
  • Price: $1,849,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 32
  • Additional Information
  • County: SAN DIEGO
  • City: Chula Vista
  • Zipcode: 91911
  • Provided by: Finest City Homes
  • Contact: Leslie Leslie
  • California Regional MLS IDX
  • DMCA Notice
  • 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 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. 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.
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Features
Property Type
  1. Multi-Family