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$ 1,800,000
Est. payment | /mo
8 Beds
4 Baths
$ 1,800,000
Est. payment | /mo
8 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Chula Vista
MLS Listing ID 250026772
Bedrooms 8
Full Baths 4
Year Built 1958
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County San Diego
Area South Bay
Interior
Heating Wall/Gravity
Cooling Wall/Window, N/K
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
Roof Type Composition
Building
Story 1
Water Meter on Property
Level or Stories 1
Others
Tax ID 624-051-08-00
Special Listing Condition Call Agent
Virtual Tour https://www.propertypanorama.com/instaview/snd/250026772

Listed by Jamie Hopkins Team Metro

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