350-52 Brightwood Ave, Chula Vista, CA 91910

Property Description

This unique property offers two updated homes on one lot, creating an excellent opportunity for both investors and owner-occupants. The front home at 352 Brightwood is a beautifully remodeled 2-bedroom, 1-bath residence offering approximately 733 SF. Recent updates include brand-new interior paint, luxury vinyl plank flooring, cabinetry, mini-split HVAC systems, a new water heater, and a water softener. The home also features an attached one-car garage and is currently leased at $2,900 per month on a one-year lease, providing immediate rental income. The rear home at 350 Brightwood is a successful, fully operational Airbnb that has been consistently rented since September 2024. The home offers 3 bedrooms and 3 bathrooms, plus a bonus/game room with a closet and full bathroom that can easily function as a fourth bedroom. At approximately 1,800 square feet, the home features updated finishes, individual mini-split systems in each bedroom, an attached tandem garage, and a private backyard with a covered pergola, creating a great space for guests to relax. The property generated over $90,500 in Air BnB gross revenue last year and is currently on track to achieve similar performance this year. Whether you're looking for a strong investment opportunity with multiple income streams or the flexibility to live in one home while generating rental income from the other, this turnkey property offers a rare combination of updated condition, proven income history, and long-term potential. An additional VA loan can be assumed at 4.75% with a balance of $1,125,000.