Corner Two-Unit Residential Income
1305 Crann Ave 1-02 Chula Vista, CA 91911
For Sale
Contact for pricing
Two-unit corner-lot property with shared storage and laundry, including a 4-bedroom and a 2-bedroom residence.
Property Size2,087 SF
Price / SF$430.76
Days on Market35
Property Features for 1305 Crann Ave 1-02
General Information
- Standard status
- Active
- Size
- 2,087 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing Agency:
Compass
Listed By:
Huda Helton · License #01874384
Source:
Crexi
Added: Jun 19
Changed: Jul 23
Last Checked: Jul 23 at 1:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This two-unit residential income property sits on a corner lot and offers two separate living configurations. Unit 1 is a spacious single-story home with 4 bedrooms and 2 bathrooms, featuring a living-room fireplace, a kitchen with granite countertops, and durable laminate flooring. Unit 1 also includes an ensuite primary bathroom. Unit 2 provides 2 bedrooms and 1 bathroom and may work for extended-family use, tenants, or short-term rental scenarios. Both units share a common storage area and a laundry space.
Located in Chula Vista, the property is minutes from major freeways and nearby dining and shopping, including Costco, Target, and Walmart. It’s also close to Chula Vista Bayfront Park & Marina, and about a 10-minute drive to the Gaylord Pacific Resort & Convention Center.
Located in Chula Vista, the property is minutes from major freeways and nearby dining and shopping, including Costco, Target, and Walmart. It’s also close to Chula Vista Bayfront Park & Marina, and about a 10-minute drive to the Gaylord Pacific Resort & Convention Center.
Key Highlights
- Corner‑lot two‑unit property with Unit 1 and Unit 2—ideal for living in one unit and renting the other
- Unit 1 is a single‑story 4‑bedroom, 2‑bath home with a living room fireplace
- Unit 1 features a kitchen with granite countertops and durable laminate flooring throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $25.80 |
| − Vacancy | −$2.4k | −$1.16 |
| EGI | $51.4k | $24.64 |
| − OpEx | −$15.4k | −$7.39 |
| NOI | $36.0k | $17.25 |
2,087 SF · lease $25.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$514.2K
$449.9K – $599.9K
NOI $35,995 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$476.9K
$417.3K – $556.4K
NOI $33,385 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$665.6K
$582.4K – $776.6K
NOI $46,593 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit corner-lot property with shared storage and laundry, including a 4-bedroom and a 2-bedroom residence.
Where is this duplex located?
The property is located at 1305 Crann Ave 1-02 Chula Vista, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Corner‑lot two‑unit property with Unit 1 and Unit 2—ideal for living in one unit and renting the other; Unit 1 is a single‑story 4‑bedroom, 2‑bath home with a living room fireplace; Unit 1 features a kitchen with granite countertops and durable laminate flooring throughout
