479 Shy Lane, Chula Vista, CA 91911
- $1,225,000
- List Price
- $1,225,000
- Status
- ACTIVE
- MLS#
- 260019989SD
- Year Built
- 1963
- Days on Market
- 28
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- Chula Vista
Property Description
479 Shy Lane offers two fully detached, single-story 3-bedroom/2-bathroom homes on an oversized 10,454 SF lot in a quiet, dead-end pocket of Chula Vista — smart for owner-occupants and investors alike. Live in the updated 1982 back home and rent the 1963 front home (new roof '21, windows '23) at market rent to meaningfully offset your housing cost vs. a standalone 3BR/2BA. Bringing the long-term tenant's rent to market pushes the cap rate to a pro forma ~5%+. Each home is separately metered, tenants pay all utilities, minutes from Walmart, Costco, and freeway access, and the R1 lot may allow room to expand or add an ADU (buyer to verify).
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Additional Information
- Cooling Description
- None
- Roof
- Composition
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $62,568
Listing courtesy of Listing Agent: Jordan Concepcion (jordan.concepcion@arg1031.com) from Listing Office: Apartment Realty Group (ARG).
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.