$887,000
SOLD DEC 3, 2024
4 Beds
2 Baths
1,596 Sq Ft
6,362 Sq Ft Lot

Recently Sold

$556 Per Sq Ft

1% Below List Price

19 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • 2-minute walk to Memorial Park

About This Home

As of December 2024

Property address is 412-414 Park Way. Welcome to this charming duplex located in the heart of Chula Vista, California. This property offers a unique opportunity for both investors and homeowners looking to live in one unit while renting out the other. The front home features three spacious bedrooms and one bathroom, perfect for families or individuals seeking extra space. The back home is a cozy one-bedroom, one-bathroom with living room, kitchen, and large bedroom. Property has been well maintained over time, and has current long term paying tenants in 1 unit now. This duplex not only serves as a comfortable residence but also presents an excellent investment opportunity. Currently the zoning for this unit is R-3 which means you can possibly develop the property more and add a 3rd unit if desired. This duplex benefits from its proximity to various amenities including shopping centers, parks, schools, and public transportation options. Residents will enjoy easy access to major highways such as Interstate 5 and 805, making commutes to downtown San Diego or nearby areas convenient. The neighborhood is known for its friendly community atmosphere and vibrant local culture.

Last Agent to Sell the Property

Jason Kreutzer

Signature Realty & Loans Brokerage Phone: 619-672-8253 License #01884430 Listed on: 10/02/2024

Last Buyer's Agent

Nathan Barkley

1st Class Real Estate SD License #02026511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,362 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,596 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Not Available

Listing and Financial Details

  • Tenant pays for all utilities, grounds care, trash collection
  • Tax Lot 9
  • Tax Tract Number 505
  • Assessor Parcel Number 5682633000
  • $33 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Chula Vista Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,250
  • Operating Expense $2,250
  • Gross Income $48,500
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 449500
  • Property Attached: No
  • Subdivision Name Other: Chula Vista
  • Zoning: R3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5682633000
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 555.76

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Outside
  • Sewer: Public Sewer
  • Water Source: None
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6362.00
  • Lot Size Acres: 0.1461

Rental Info

  • Tenant Pays: All Utilities, Grounds Care, Trash Collection

Multi Family

  • Gross Income: 48500.00
  • Gross Scheduled Income: 48500.00
  • Insurance Expense: 2250.00
  • Lot Size Area: 6362.0000 Square Feet
  • Net Operating Income: 45000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4450.00
  • Rent Control: No
  • Total Expenses: 2250.00

Tax Info

  • Tax Census Tract: 127.00
  • Tax Lot: 9
  • Tax Tract Number: 505
  • TaxOtherAnnualAssessmentAmount: 33.00

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 List to Sale Price per Sq Ft
12/03/2024 12/03/24 Sold $887,000 -1.3% $556 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $899,000 -- $563 / 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: SW24204617

California Regional Multiple Listing Service (CRMLS)

APN: 568-263-30-00