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479 Shy Ln - 2-3BR/2BT Houses/ Separately Metered 2 Unit Apartment Building Offered at $1,225,000 at a 2.88% Cap Rate Chula Vista, CA 91911
Investment Highlights
- 2 Fully Detached 3BR/2BA Homes on a Single 10,454 SF Lot
- Front Home Built 1963 (~1,500 SF) – New Roof (2021) & New Vinyl Windows (2023)
- Long-Term Tenant in Front Home (~40 Years) at Below- Market Rent – Upside Potential
- Both Homes Single-Story – Individually Metered for All Utilities
- Back Home Built 1982 (~1,100 SF) – Vacant & Move-In Ready
- Ideal for Owner-Occupant (Live in One, Rent the Other), Multi-Gen, or Investor
Executive Summary
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).
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Washer/Dryer
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,707 | 1,097 - 1,528 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
479 Shy Ln - 2-3BR/2BT Houses/ Separately Metered