Residential Income - 479 Shy Lane, Chula Vista, CA

$1,225,000

479 Shy Lane, Chula Vista, CA

479 Shy Lane, Chula Vista, CA 91911 - $1,225,000 · Multi-Family Home for Sale, photo 3

479 Shy Lane, Chula Vista, CA 91911 - $1,225,000 · Multi-Family Home for Sale, photo 4

479 Shy Lane, Chula Vista, CA 91911 - $1,225,000 · Multi-Family Home for Sale, photo 5

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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).

Property details

Year built

1963

Property type

Residential Income

Location

479 Shy Lane • Chula Vista, CA 91911

More homes for sale and rent in Chula Vista, CA →

Listed by

Jordan Concepcion · Apartment Realty Group (ARG)

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Closed sales reported in 91911, nearest first, last 12 months. All recent sales in Chula Vista →