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.

Features

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• 0.99 Acres
• 1 Story
• Number of Units: 4
• Price Per Unit: 450000