479 Shy Lane, Chula Vista, CA 91911
479 Shy Lane, Chula Vista, CA 91911
479 Shy Lane, Chula Vista, CA 91911
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Glen Henderson

Glen Henderson

+1(619) 889-7646
$1,225,000
Est. payment /mo
6 Beds
4 Baths
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UPDATED:

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 260019989

Bedrooms 6

Full Baths 4

Year Built 1963

Property Sub-Type Res Income 2-4 Units

Type of Financing Cal Vet,Cash,Conventional,Exchange,FHA,VA

Property Type Res Income 2-4 Units

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).

Location

State CA

County San Diego

Area South Bay

Interior

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 618-302-06-00

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA

Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA

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MLS Router / San Diego MLS
Listed by Jordan A Concepcion, DRE#01936834 Apartment Realty Group (ARG) 

Nearby School & Business

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Glen Henderson

Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

Broker Associate CA BRE #01384181

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