Remodeled
For Sale
$1,049,000
458 460 L Street 458-460, Chula Vista, CA 91911
Month-to-month tenancy allows an owner to occupy one unit while leasing the other.
Property Size1,800 SF
Lot Size0.33 Acres
Price / SF$582.78
Days on Market35
Property Features for 458 460 L Street 458-460
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.33 Acres
Property subtype
Duplex
Zoning
R3P14
Site & Location
Neighborhood
Harborside
Highway Access
Yes
Land
Topography
flat
Land Use
multifamily
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,800 SF
Year Built
1968
Listing Agency:
Real Broker
Listed By:
Marija Peshevska · License #02050824
Source:
Flowers-realty
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 27 at 4:22AM
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 Real Broker
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex contains two residential units and has been remodeled, with a new roof among its updates. Month-to-month leases provide flexibility for occupancy or continued rental use. The property occupies an approximately 14,500-square-foot flat lot zoned R3P14 for multifamily use.
The Chula Vista property is near the Bayfront, Gaylord Pacific Resort & Convention Center, Third Avenue Village, shopping, dining, trolley access and Interstate 5. The building dates to 1968.
The Chula Vista property is near the Bayfront, Gaylord Pacific Resort & Convention Center, Third Avenue Village, shopping, dining, trolley access and Interstate 5. The building dates to 1968.
Key Highlights
- Two‑unit duplex with 1,800 square feet of building area
- Approximately 14,500‑square‑foot flat lot
- R3P14 zoning for multifamily use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,045
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,900
$620.9K
Cap Rate 7%
$443,500
$443.5K
Cap Rate 9%
$344,944
$344.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.4K $25.80/SF
− Vacancy
−$2.1K −$1.16/SF
EGI
$44.4K $24.64/SF
− OpEx
−$13.3K −$7.39/SF
NOI
$31.0K $17.25/SF
Area
Chula Vista, CA
Vacancy
4.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,900
Cap Rate 7%
$443,500
Cap Rate 9%
$344,944
Alternative Uses
Best Use
Multifamily LT 5
$443.5K
$388.1K – $517.4K
NOI $31,045 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$411.3K
$359.9K – $479.9K
NOI $28,794 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$574.1K
$502.3K – $669.8K
NOI $40,186 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 91911, CA
85,442
Population
27,533
Households
3.1
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
12.7 sq mi
ZIP Area
6,728
Density / Sq Mi
$79,334
Median Household Income
$39,003
Median Earnings
$1,931
Median Rent
$602,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Month-to-month tenancy allows an owner to occupy one unit while leasing the other.
Where is this duplex located?
The property is located at 458 460 L Street 458-460 Chula Vista, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,800 square feet of building area; Approximately 14,500‑square‑foot flat lot; R3P14 zoning for multifamily use
