479 Shy Lane
Chula Vista, CA, 91911 $ 1,300,000
Baths8.0 Sq 2,624 Monthly Estimate*
$ 8,004
Listed by Steve Markley, Realty
Studio for $1,300,000 with 8 full baths. This 2,624 square foot home was built in 1963 on a lot size of 0.24.
Double Your Portfolio with One Purchase – Rare Detached Dual-Unit Opportunity! Located on a serene dead-end street, this unique property offers two detached 3-bedroom, 2-bathroom homes on a single lot. Unlike typical duplexes, these are both single story, fully detached and individually metered for all utilities, making management a breeze. Or…. are you looking for space for the whole family without sacrificing privacy? This is a great multi-family opportunity! Perfect for Multi-Gen: Move right into the pristine back house while keeping the front house for extended family or as a rental to subsidize your lifestyle. Front House: Approx 1500 sq ft, 3 br 2 ba, charming and spacious, currently generating immediate income with reliable, long-term tenants. A perfect "value-add" opportunity to customize and increase equity later. Approx 1500 sq ft features 3BR, 2 baths, separate dining, large living room, wood ceilings, flowing floorplan, private yard, carport parking with driveway, new roof Dec 2021, new Low-E vinyl windows installed Oct 2023, and painted in 2024…. Bring your personal touch to the front house to create your dream family estate. Back House: Approx 1100 sq ft, 3 br, 2 ba, Sparkling clean and "move-in ready". Features a private yard and three dedicated parking spaces—ideal for rental or owner-occupant looking to live for free while the front unit pays the mortgage. Approx 1100 sq ft features, 3BR, 2 baths, large kitchen/dining combo, balcony/patio off dining area. No matter what your needs, this is a must see property!! Ideally situated walking distance to popular shopping destinations such as Walmart and Costco, you’ll enjoy everyday convenience right at your doorstep. The property is also located near the Palomar trolley station, providing easy and efficient access to downtown San Diego perfect for commuters or those looking to enjoy everything the city has to offer.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling None
Roof Composition
Zoning R-2:MINOR MULTIPLE
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1963
Stories Count 1
Levels One
Property Subtype Duplex
Gross Income 72000
Community Features Sidewalks
County San Diego
Net Operating Income 66000
Operating Expense 6000
Insurance Expense 4000
New Construction false
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions GPS
City Chula Vista
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 5
Number Of Units Total 2
MLS Area 91911 - Chula Vista
Lot Size Units Acres
Lot Size Square Feet 10454.4
Carport Spaces 2
Carport Y/N true
Number of Units Leased 1
Listing Terms Cash Conventional FHA VA Loan
Property Attached Y/N false
Land Lease Y/N false
Trash Expense 720
Additional Parcels Y/N false
Rent Control Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2602345
Building Area Units Square Feet
Standard Status Active
Year Built Source See Remarks
Tax Lot 6183020600
Property Sub Type Additional Duplex
Taxes 13000
Cap Rate 5.5
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InteriorFlooring Carpet Laminate Vinyl
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Electric Dryer Hookup Gas Dryer Hookup Inside Laundry Room
Entry Level 1
Total Baths 0
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ExteriorParking Features Attached Carport Driveway
Lot Features 0-1 Unit/Acre
Total Parking 7
Inclusions Refrigerator in back house
Lot Size Area 0.24
Number of Buildings 2
Spa false
Building Area Total 2624
Lot Size Acres 0.24
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList BySteve Markley, RealtyBroker
steve@stevemarkleyrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,004
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chula Vista, CA
Average List Price $1,467,786
Percent of Sale Price 13%
About Chula Vista, CA 270,474 Population
54% Since 2002
$ 67,673 Median Income
35.5 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/28/2026 | $1,300,000 | | Listed Price |