$1,150,000
SOLD FEB 21, 2024
8 Beds
4 Baths
2,893 Sq Ft
0.99 Acres

Recently Sold

$398 Per Sq Ft

12% Below List Price

8 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Level Lot
  • 0.99 Acre Lot
  • Laundry Room
  • No Heating

About This Home

As of February 2024

ATTENTION INVESTORS/DEVELOPERS!! 4 UNITS: 2 separate duplexes, all 2 bedrooms on a huge level .99 acre, 43,124 sq ft lot!! Unique-rare property LOTS OF DEVELOPMENT POTENTIAL!! A “Land Bank” investment! Current zoning is R15P: see sellers Tentative Subdivision Map from 1991 in "attached documents" or photos; proposing 6 separate lots; each existing duplex on separate lots (2 lots), plus 4 new residential lots at rear. Or consider: requesting a zoning variance for R-2 duplex lots, or R-3 multi family units options? (all subject to City of Chula Vista approval). Seller installed water supply line/fire hydrant at rear lot for future development. All units-large fenced yards. Each duplex has carport for 2 spaces + lots of parking. Laundry room w/coin-op W/D. Property/units need basic repairs/upgrades. List price under Estate Appraisal to attract ALL CASH BUYER accepting property in "as is" condition including all storage items on lot at close of escrow.

Last Agent to Sell the Property

Wayne Ansley

Ansley Realty License #00468134 Listed on: 01/16/2024

Last Buyer's Agent

Jamie Hopkins

Team Metro License #01070481

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.99 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Level Lot

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 2,893 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Parking Lot
  • Unassigned Parking

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot TR 1243 BLK 1 LOT 6
  • Tax Tract Number 1243
  • Assessor Parcel Number 6240510800
  • $1,704 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $58,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 324975
  • Property Attached: Yes
  • View: No
  • Zoning: R-15P: SINGLE FAM-RES
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 6240510800
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 397.51

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, On Site, Parking Space, Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Dryer Included, Individual Room, Outside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Level with Street, Lot Over 40000 Sqft, Level
  • Lot Size: 307.52 x 139.99 and approx. .99 acres
  • Lot Size Sq Ft: 43124.00
  • Lot Size Acres: 0.9900

Multi Family

  • Gross Income: 58020.00
  • Gross Scheduled Income: 58020.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 43124.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Other Income Description: Laundry room
  • Rent Control: Yes

Tax Info

  • Tax Lot: TR 1243 BLK 1 LOT 6
  • Tax Tract Number: 001243
  • TaxOtherAnnualAssessmentAmount: 1704.20

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Range of Values:

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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: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2400306

California Regional Multiple Listing Service (CRMLS)

APN: 624-051-08-00