$1,800,000

Estimated payment $11,779/month

Total Views 90
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • RV Access or Parking
  • Partially Fenced Property
  • 1-Story Property
  • 0.99 Acre Lot
  • Level Lot

About This Home

Attention INVESTORS/DEVELOPERS! This 0.99-acre (43,124 SqFt) property features two separate duplexes, each with two bedrooms and one bathroom, situated at the front of a level lot. The rear portion offers substantial development potential. Each unit includes a fenced yard, off-street parking for two vehicles (two units have carports), and access to a shared coin-operated laundry room. All units are rented, generating approx. $8K–$9K/month. Termite tenting and extensive cleanup were completed in 2024–2025. Currently zoned R-15P, the duplexes are a legal non-conforming use, annexed into Chula Vista in the early 1990s. A 1991 tentative map proposes six lots: two for the existing duplexes and four additional residential lots at the rear. Under current zoning, each new lot may allow a single-family home, ADU, and Jr. ADU. In 2024, a pre-application to rezone to R-3 (Apartment Residential) received favorable feedback from the City, outlining a 6–12 month process with required surveys and planning. A variance to R-2 or R-3 may also be considered, subject to city approval. A water line and fire hydrant are already installed at the rear to facilitate development. Buyer must be prepared to purchase the property in as-is condition, including all on-site items and tenants to convey at the close of escrow —tenant's personal belongings do not convey.

Listing Agent

Jamie Hopkins

Team Metro License #01070481

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.99 Acre Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • RV Access or Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 624-051-08-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Main St
  • Neighborhood: Chula Vista
  • Miscellaneous: Value in Land
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking for RV: On-Site Parking, Potential Space

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: CHULA VISTA

Lot Info

  • Lot Size: 1+ to 2 AC
  • Site: Public Street, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 624-051-08-00
  • Estimated Lot Sq Ft: 43124
  • Estimated Number of Acres: 0.99

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Gross Rent Multiplier Actual: 18.5
  • Gross Sched Income Actual: 97392
  • Number Of Buildings: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 For Sale $1,800,000 +56.5% --
02/21/2024 02/21/24 Sold $1,150,000 -11.5% $398 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $1,299,900 -- $449 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250026772

San Diego MLS

APN: 624-051-08-00