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779 Dorothy St

Chula Vista, CA 91911
  • $1,399,998
  • STATUS: ACTIVE
  • ON SITE: 51 Days
  • ID#: 240022268
UPDATED: 25 min ago
$1,399,998
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Description

Welcome to the Best Opportunity Chula Vista Has to Offer! Situated roughly 2 Miles from the Gaylord Convention Center and the 3rd Ave Strip, this superb property has had no expense spared in upgrades and maximum potential for growth! Live in one and rent out the other, Convert Both Garages and make almost $12k in Gross Rents, Airbnb one or both or keep them rented with the tenants! One of the few properties in the county with this much growth potential with an ASSUMABLE VA LOAN! Both units (A&B) have been meticulously maintained and underwent significant upgrades (See below). Come See! Each unit is a 3 Bed 2 Ba with own private front and back yards, laundry units & garages, just blocks away from Costco, target, and other shopping plazas, Life Essentials are at your finger tips! In a prominent area for future development, this property is within a Transit Priority Area (TPA) and with the flux of development coming to Chula Vista, this can very well be The Opportunity before Investors start flying in! Current Short Term Rental Potential is $52,000/Yr Each Unit! Truly step into Real Estate Investing and Portfolio Growth at its Finest with this Incredible Opportunity before it's too late! Upgrade List - Unit A- New sliding patio door, New windows, New Water Heater, Complete Water Softener and Reverse Osmosis system, New fence, All Appliances, Washer & Dryer, Kitchen Island, and Dishwasher Unit B - 2 New Sliding Door, New Furnace, New Fence, Garage Door, All Appliances, Washer & Dryer, Kitchen Island, and Dishwasher.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/155458306
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779 Dorothy St Chula Vista, CA 91911

  • Price: $1,399,998
  • Status: ACTIVE
  • On Site: 51 Days
  • Updated: 25 min ago
  • ID#: 240022268
6
Beds
4
Baths
0
½ Baths
N/A
Acres
1971
Built
Neighborhood:
Chula Vista
County:
San Diego
Area:
Chula Vista (91911)
Property Description
Welcome to the Best Opportunity Chula Vista Has to Offer! Situated roughly 2 Miles from the Gaylord Convention Center and the 3rd Ave Strip, this superb property has had no expense spared in upgrades and maximum potential for growth! Live in one and rent out the other, Convert Both Garages and make almost $12k in Gross Rents, Airbnb one or both or keep them rented with the tenants! One of the few properties in the county with this much growth potential with an ASSUMABLE VA LOAN! Both units (A&B) have been meticulously maintained and underwent significant upgrades (See below). Come See! Each unit is a 3 Bed 2 Ba with own private front and back yards, laundry units & garages, just blocks away from Costco, target, and other shopping plazas, Life Essentials are at your finger tips! In a prominent area for future development, this property is within a Transit Priority Area (TPA) and with the flux of development coming to Chula Vista, this can very well be The Opportunity before Investors start flying in! Current Short Term Rental Potential is $52,000/Yr Each Unit! Truly step into Real Estate Investing and Portfolio Growth at its Finest with this Incredible Opportunity before it's too late! Upgrade List - Unit A- New sliding patio door, New windows, New Water Heater, Complete Water Softener and Reverse Osmosis system, New fence, All Appliances, Washer & Dryer, Kitchen Island, and Dishwasher Unit B - 2 New Sliding Door, New Furnace, New Fence, Garage Door, All Appliances, Washer & Dryer, Kitchen Island, and Dishwasher.
Exterior Features

Exterior Stucco Fencing Cross FencingFullGate Parking For RV On-Site Parking Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCorner LotCul-De-SacPrivate StreetPublic StreetSidewalksStreet PavedStreet Unpaved Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Forced Air Unit Heat Source Natural Gas Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2 Water Heater Type Gas

Property Features

Actual Cap Rate 6.5 Age Restrictions N/K Annual Expense Actual 2000 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community CHULA VISTA Complex Park Chula Vista Cross Streets Dorothy St Gross Rent Multiplier Actual 15.15 Gross Scheduled Income Actual 91200 Gross Scheduled Income Project 98400 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays SewerTrashWaterElectricityHot Water Terms AssumableCal VetCashConventionalFHAVA Unit1 Deposit 3800 Unit1 Occupied Tenant Unit1 Rent Actual 3800.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 4100.0 Unit2 Rent Actual 0.0 Water Meter on Property

San Diego MLS logo Listing provided courtesy of Christopher Burgos of Coldwell Banker West: 754-777-3333. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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