$1,079,000
$70K PRICE DROP

Estimated payment $6,947/month

Total Views 12,000
4 Beds
2 Baths
1,702 Sq Ft
$634 Price per Sq Ft

Highlights

  • Partially Fenced Property
  • Level Lot
  • 1-Story Property

About This Home

2 Homes on 1 Lot! Presenting 260 E Street and 202 Del Mar Avenue — two adjacent parcels offering a rare investment opportunity in the heart of West Chula Vista. These homes have been lovingly cared for and updated and offer a bright and inviting environment for you to call home. Just steps from the vibrant and revitalized Third Avenue Village- known for its walkable streets, local eateries, breweries, boutique shops, and community events, Third Avenue is the cultural hub of Chula Vista and a major draw for renters and residents alike. Both homes features new roofs, exterior paint, updated fencing, and more. These properties are also located minutes from the rapidly developing Bayfront Marina Park, the Gaylord hotel and resort project, and several major waterfront improvements. With strong rental income, long-term tenants, and ample room for value-add enhancements, the combined lots offer excellent potential for an owner-occupant, long-term hold, or redevelopment project. Each property features private yard space, and the location offers convenient access to I-5, public transit, schools, and shopping. Whether you’re looking to invest, develop, or live in one unit while renting the others, this is a rare and strategic opportunity in one of South Bay’s most promising neighborhoods. Don’t miss your chance to secure a piece of the future in West Chula Vista.

Listing Agent

Sandra Crosby

eXp Realty of California, Inc. License #02055295 Listed on: 05/27/2025

eXp Realty of California, Inc.

Co-Listing Agent

Dane Crosby

eXp Realty of California, Inc. License #02055293

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 6,264 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Separate Water Meter
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 568-072-21-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $3,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Del Mar
  • Neighborhood: Chula Vista
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1943
  • 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: Brick, Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: CHULA VISTA

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Zoning: R3
  • Assessor Parcel Number: 568-072-21-00
  • Estimated Lot Sq Ft: 6264

Rental Info

  • Tenant Pays: Trash, Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 3600
  • Annual Expense Actual: 3600
  • Gross Rent Multiplier Actual: 17.0
  • Gross Sched Income Actual: 67200
  • Number Of Buildings: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Map

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
06/28/2025 06/28/25 Price Changed $1,079,000 -6.1% $634 / Sq Ft
05/27/2025 05/27/25 For Sale $1,149,000 -- $675 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250028591

San Diego MLS

APN: 568-072-21-00