1385 Melrose, Chula Vista, California 91911, Chula Vista, 91911 - 3 bed, 2 bath
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Chula Vista, California 91911
This Fixer Opportunity represents a high-potential Value-Add Asset with a List Price of $699,000, currently aligned with the $667,667 Fair Market Value. Marketed with a Condition Rating of 5, this "Cash Only" sale offers substantial upside through the restoration of the Backyard Pool and modernization of the 1,262 sq. ft. interior. Featuring a City Lights View and a spacious 7,000 sq. ft. lot near Palomar Elementary, the property is primed for forced appreciation in a competitive South Bay market. This is an ideal acquisition for Fix-and-Flip Investors or Cash Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1385 Melrose Subject | $699,000* List Price | 3 | 2 | 1,262 | $544 | - |
A 121 E Orlando Street Sold | $601,000 | 4 | 2 | 1,300 | $462 | 0.4 mi |
B 1228 Oleander Sold | $800,000 | 4 | 1 | 1,316 | $608 | 0.7 mi |
C 1420 Ocala Court Sold | $725,000 | 4 | 2 | 1,504 | $482 | 0.4 mi |
D 1191 Nolan Ave Sold | $600,000 | 3 | 2 | 1,110 | $541 | 0.5 mi |
E 232 E Naples Street Sold | $755,000 | 3 | 2 | 1,496 | $505 | 0.7 mi |
F 1541 Malta Ave Sold | $600,000 | 3 | 3 | 1,344 | $446 | 0.6 mi |
G 445 Montcalm Street Sold | $785,000 | 4 | 2 | 1,587 | $495 | 0.9 mi |
H 36 E Prospect Street Active | $649,000 List Price | 4 | 1 | 1,209 | $537 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 and explicitly marketed as a 'Fixer' requiring 'CASH ONLY,' this property shows significant deferred maintenance. The pool is non-functional and needs restoration, and the 'as-is' cash requirement suggests the home likely has system or structural issues that prevent traditional financing, necessitating a full rehab.
As a 'fixer opportunity' on a spacious 7,000 sq. ft. lot, this property offers substantial upside for investors or cash buyers looking to modernize and build equity in a strong South Bay market.
The expansive backyard features a pool ready for restoration and a large covered patio, providing the essential elements to create a high-end outdoor living space.
The home includes valuable existing features such as leased solar panels, an oversized driveway for ample parking, and a functional floor plan that facilitates a straightforward renovation.
The 'Cash Only' requirement and 'As-Is' sale condition significantly limit the buyer pool by excluding those relying on traditional FHA, VA, or conventional financing.
The property requires extensive cosmetic updates, repairs, and a full pool restoration, necessitating a significant upfront investment of time and capital immediately after purchase.
Fixer Opportunity with Pool & Solar in Chula Vista! Attention investors, and cash buyers this 3-bedroom, 1.5-bath home offers incredible upside potential on a spacious 7,000 sq ft lot in an established Chula Vista neighborhood. Featuring approximately 1,262 sq ft of living space, the property includes an oversized driveway with ample parking, attached garage, leased solar panels, and a BAckyard pool ready to be restored into an entertainer’s dream. Interior features include kitchen cabinets, open living areas, and a functional floor plan with room to modernize and add value. The large covered patio and expansive backyard offer endless possibilities for outdoor living or future improvements. Property needs updates and repairs, making it ideal for renovation, rental investment, or owner-user looking to customize. Conveniently located near schools, shopping, dining, and freeway access. Sold AS-IS. Don’t miss this value-add opportunity in a strong South Bay market!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 1.0 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,262 | 2,140 |
| Lot Size | 7,000 | 7,000 |
| Price | $699.0K | $943.8K |
| Price per sq ft | $554 | $488 |
| Built year | 1964 | 2000 |
| HOA | $0 | $128 |
| Days on market | 76 | 44 |
May 7, 2026
$699,000
Initial Listing
Oct 18, 2006
$440,000
Public Record