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442 D St

442 D Street, Chula Vista, CA, USA

Sold

$860,000

2024.3.19

Investment Opportunity in Chula Vista California

Marketing Package
Drone Video

Property Type

Single Family

Units

2

SqFt

1,600

Price

$860,000

Price/Unit

Year Built

1950

Market

Chula Vista

Price/SF

Cap Rate

5.98% (projected)

GRM

10.86 (projected)

Unit Mix

(1) 3bed/2bath, (1) Proposed 2bed/1bath ADU

Property Description

Presenting a prime investment opportunity at 442 D St, Chula Vista, a charming 3-bedroom, 2-bathroom property with significant rental potential, including a highly desirable bonus room. This residence is ideally configured for investors looking to capitalize on Chula Vista's dynamic rental market, featuring open and bright living spaces and a kitchen that has recently been upgraded with premium appliances. A standout feature for investors is the detached 2-car garage, offering substantial potential for conversion into an Accessory Dwelling Unit (ADU). This conversion would create a separate rental unit, increasing the property's income-generating capability. The main house, coupled with the ADU, presents a dual rental opportunity in a market that values space and privacy. The property is further enhanced by its proximity to the upcoming Bayfront Development project, a factor likely to drive property values in the area significantly. Its location combines the tranquility of suburban living with the benefits of strategic urban placement, ensuring long-term value appreciation and attracting a steady demand from renters. Investors will also appreciate the lovely backyard, providing outdoor space that is highly sought after by tenants. This feature, combined with the potential for an ADU and the attractiveness of the main residence, positions 442 D St as an excellent investment choice in Chula Vista's growing market.

Contact Agent

Nick Hernandez

786.334.7569

02207439

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