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If You follow us on Social Media (If you don’t you should) you’ve probably noticed a couple of properties we just listed with multiple units. So it got me thinking, what are some of the advantages of owning these types of properties and why you should consider it!

Duplexes are a great start for those who are interested in investing in real estate. And, a superb (yet out-of-the box) strategy for first-time buyers. Duplexes are unique, and can prove to be a winning proposition!

Five advantages of owning a duplex


  1. Affordability

A duplex can be a great start for you if you are looking to buy a bigger home in the near future. Why? Rental income. The potential to finish `which helps pay off the mortgage.

  1. Get help with your mortgage

As I mentioned above, you can use your rental income to pay off the mortgage much quicker making it more affordable. This is one of the greatest advantages when owning a duplex which is why it’s appealing for new or seasoned investors.

To help paint a picture, let’s say your mortgage payments on the property is $1,500 per month. You rent the other half of the property for $950 a month, which leaves you only paying only $550 a month! If that isn’t turning some gears in your head then I don’t know what will.

  1. Live in one side, work from the other

If you’re an aspiring entrepreneur who want’s an affordable workspace why not work from next door? Living next door to the office can save you time and money in the long haul. Say goodbye to the long hour commute.

  1. Use the second unit for family

If you have an older family that need close attention, a duplex arrangement might be a great solution. You can all have peace of mind knowing your just a doorknock away. Another idea, rent it out to a family member who’s just graduated from University but can’t quite afford their own place yet. Not only will they be thankful but helping family and friends is one of the most rewarding feelings.

  1. Airbnb

We’ve all heard of it but does it work? There are numerous investors (new and experienced) who are taking advantage of the airbnb platform. Having the ability to rent out half of your property for a certain time is a win win. Check out how you can take advantage with a click youtube search to get started!

Why you should consider to sell if you live in Chula Vista

Chula Vista is one of the fastest growing cities in California. Development has boomed ever since the great recession, unemployment is at it’s lowest, and families are growing faster than ever. As all of this compounded trends have emerged and neighboring communities have flourished because of it. We wanted to highlight that downtown Chula Vista is next on that list and how you as a property owner can take advantage of these favorable circumstances.

It’s no secret Downtown Chula Vista is going through a transition. If you would have asked any San Diego native you were heading there, they would have asked “what for?” Now downtown CV is going through the same trends as neighboring communities such as North Park and Barrio Logan went through, riding the wave of craft food & beer, which is great news for those who own property nearby.

If you own property in Chula Vista, specifically west Chula Vista, you may want to consider to put your house on the market, here are 3 reasons why. 

Low inventory Low Interest Rates

The demand for housing has steadily increased over the years, favoring those who are looking to sell. Population is growing, Millennials are moving out, but there is a shortage in housing all throughout San Diego. Buyer’s are going to great lengths to purchase a home, such as bidding wars, and submitting offers that will benefit sellers such as forgoing repair requests.   

Millennials want in on the action

Meaning they want to own property rather than continue to rent, and for good reason as rents have matched mortgages. (Thanks to the low interest rates as mentioned above) Downtown Chula Vista has started to become a spot for Chula Vista locals to venture to thanks to all the brewery’s and restaurants that are popping up. 

Mortgage Rates are extremely low

Mortgage rates are hovering just over 4% drawing new home buyers to the market. We’re in a unique period where both buyer and seller’s can benefit. However, this isn’t going to last and some experts are predicting that rates will reach 5% before the end of the year. If you don’t want to miss out on the plethora of buyer’s it is better to list your home sooner rather than later, not to mention if you are looking to buy after selling, you too can benefit from these low rates.

If you live in Chula Vista and are considering to sell, let’s grab a coffee and chat.

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Swe & Win
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Chula Vista
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Safe neighborhood

4 bedrooms

Good schools
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32 Days
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Technology deficient
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Swe & WIn are business owners of a sushi restaurant in San Diego. They own property in LA and decided it was time to buy property after saving up and renting in Mira Mesa for a few years. Being they were a family of 5, a safe neighborhood and quality schooling was an important factor in their home search. Fortunately, our team had a listing that met this criteria in the Sunbow community of Chula Vista.

Swe immediately fell in love with the home while her husband felt it needed much maintenance for the asking price. They slept on the idea, and after viewing the property a second time we decided to write an offer. We came in under asking price and were able to negotiate a fair price for both parties in the transaction.

Escrow deemed a bit of a challenge, their lender was in LA and my clients didn’t electronically sign documents. We went old school for this deal and we were able to close in 32 days. Swe and WIn are now new property owners of San Diego. They hope to continue to invest in more properties and build more streams of income in the coming years.
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Dominion West Properties CA DRE #01872063

Miguel Contreras CA DRE #01443317

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Copyright © 2019 Dominion West. All Rights reserved. Dominion West, Dominion West Capital, Dominion West Financial and affiliated entities independently owned operated. The Dominion West ® name and symbol are service marks of Dominion West Properties, Inc. CalDRE: 01872063 Equal Housing Opportunity

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