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$1,399,998

Beds
6
Baths
4.0
sq ft
Unknown

779 Dorothy St, Chula Vista, CA 91911

779 Dorothy St

Chula Vista, CA 91911

  • 96 days on market
    • Price drop $1↓
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.

Details

Property type

Est. home value

$1,224,109

Lot size

Unknown

Price per sq ft

Unknown

Year built

1971

Price History

10/11/2024
SanDiego

SanDiego #240022268

Price change
$1,399,998
09/18/2024
SanDiego

SanDiego #240022268

Listed
$1,399,999
+28.44%
07/07/2022
SanDiego

SanDiego #PTP2204310

Sold
$1,090,000

Schools & Community

Neighborhood: 

Southwest

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$213,428
Asking price
$1,399,998
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$1,074,570
Cash to seller
$213,428

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

July 2022

Original loan amount

$1,115,070

Est. remaining balance

$1,074,570

Interest rate

5.1%

Loan type

VA, 30 year

Seller

Richard Michael Flacco Iii and Emily Jean Flacco

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 11:10 AM

Listing updated: 11/13/2024 at 4:21 PM

Listed by: Christopher T Burgos, Coldwell Banker West Phone #: (619) 325-4100

MLS: SanDiego #240022268

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