470 E St
A Once-In-A-Lifetime Real Estate Opportunity! How often do you get a chance to buy a property classed a historic site? I know it does not happen often enough. That is why this pre-World War II baked-brick cottage is a one-in-a-million investment offer. Built almost 100 years ago, alongside the gentle slopes of what used to be a lemon grove, the house retains the understated beauty and architecture of upper-middle class 1930 homes. Its baked-brick exterior, arched doorways, quaint casement windows, picturesque chimney and overhanging clay tiles have been preserved in the same perfect state as when it was originally built. It was constructed by one of the earliest settlers in Chula Vista, an intrepid merchant who was drawn to the area by the prospects of growing a lemon farm. The house has been now classified as a historic site by the City of Chula Vista, and is recognized as a significant part of its heritage. This means that the building's outside appearance cannot be altered in any way. But it sports a fully modern interior, including a large living room with windows on three sides overlooking well-manicured lawns, as well as a fully-fitted kitchen, luxurious bedrooms and modern bathrooms. Its current owner has invested over $200,000.00 in various upgrades to bring the property to its present excellent condition, plus conversion of the garage into a studio apartment with kitchen and full bathroom. This home offers huge investments benefits to any buyers. With a projected future value of more than $1,000,000.00, it has great prospects for price appreciation, as well as huge cash flow potentials through rents. And due to ongoing infrastructure developments and rapid gentrification, house prices in this area will only go higher. This house is more than a piece of property; it represents a part of our collective history. An investment in it could never go wrong.