Triplex in the center of Chula Vista, CA. The property boasts one 2-bedroom and 2 1-bedroom units. There's a double car garage detached; Seller has a proposal to convert to ADU (approximate costs $150k-$175K).There's an existing storage structure in the rear yard that was previously used as a studio unit without permits (all plumbing, electricity is in the space). Buyer may be able to ADU both the garage and the storage units (buyer and buyer's agent to verify). This is a true value-add property, renovate and bring rents to market and an ADU with a yard. Projected income based on completion of an ADU and instituting RUBS for utilities reimbursement.
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