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475 Oxford Street $1,799,000

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    475 Oxford Street Chula Vista, CA 91911

    • 8 Beds
    • 4 Baths
    • 2,975 sq. ft.
    • Single-Family
    • MLS# PTP2204123
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    Views: 8 Days On Market: 49

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    Property Details

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    LOCATION, VALUE ADD, + DEVELOPMENT OPPORTUNITY! In the opportunity zone, this SFR + Duplex have potential to add value. This is a double lot located in West Chula Vista with freeways, public transportation, and shopping accessible. This property boasts a 4 bed + loft, 2 bath Single Family Residence as well as a Duplex with 2 beds, 1 bath per unit (newly constructed). The existing 3 units are all built on 1 side of the almost 16,000 sqft lot. New owners can LOT SPLIT or continue to develop the west half of the property utilizing SB-9 regulations to their advantage. Each unit has designated parking and washer/dryer hookup. Take advantage of South Bay's growth and appreciating rental market by buying into an investment property within close proximity to some of the region's most rapidly growing job locations including the Navy's newly built $1B Silver Strand Training Complex, the $1.3B Chula Vista Bayfront Development, and Amazon's new $3M facility. All 3 units are currently rented on a month-to-month lease, have ample parking, and have their own washer/dryer hookup. Seller is willing to Carry Back. Unit 1: SFR 3 bed/2 bath, Rent is $2955, Pro Forma: $3455. Unit 2: Duplex Side A 2 bed/1 bath, Rent is $2045, Pro Forma: $2345. Unit 3: Duplex Side B 2 bed/1 bath, Rent is $1795, Pro Forma: $2345. Gross Income: $81,540. Cap Rate is approximately 4% but can be increased with Pro Forma rents up to 4.9%. ATTENTION DEVELOPERS: This Property falls within the Opportunity Zone which provides tax incentives with the intention to promote investment in economically distressed neighborhoods. Investor's Keep all Appreciation on this purchase if they hold the property for at least 10 Years! Through this program, investors can achieve the following three significant tax benefits. ALL INFORMATION PROVIDED IS DEEMED RELIABLE. Buyer to verify all before the close of escrow including but not limited to: permits, units, square footage, and development opportunities allowed.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.500 %
      • Community Features Sidewalks
      • County Or Parish San Diego
      • Number Of Units In Community 1
      • YearBuilt 1948
    • Building Features
      • Bedrooms Total 8
      • Cooling None
      • Fireplace Features None
      • Full Bathrooms 4
      • Laundry Features In Garage
      • Levels Two
      • Living Area 2975.00
    • Property Features
      • Lot Features Back Yard
      • Lot Size Acres 0.35
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Parking Total 1.00
      • Pool Private Y/N 0
      • Pool Features None

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    Neighborhood

    91911 (Chula Vista) Demographics

    36 Median Age
    7,446 Population Density (per sq. mile)
    26% College Educated
    $65,074 Estimated Median Income
    12,881 Estimated Total Home Owners
    12,264 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    88,593 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $695,000 Median Sales Price
    26 Homes Sold
    64 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,799,000
        6/21/2022 8:04:00 PM New in Database Source: Multiple Listing Service New Value: $1,799,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/9/2022 9:06:09 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.