155 Walnut Drive, Chula Vista, California 91911, Chula Vista, 91911 - 4 bed, 2 bath
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Chula Vista, California 91911
This Multi-Unit Estate represents a High-Potential Investment Opportunity, listed at $1,329,000—positioned above the $1,187,131 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating following a 2021 full rebuild. The asset offers significant upside through its 1/3-acre corner lot with Development Potential for 5,000 sq. ft. of expansion and a Permitted 1-Bedroom ADU generating immediate rental income. This unique configuration is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 155 Walnut Drive Subject | $1,329,000* List Price | 4 | 2 | 2,168 | $548 | - |
A 1614 Myra Ct Sold | $983,000 | 3 | 2 | 1,524 | $645 | 0.2 mi |
B 352 Pearlwood Street Active | $974,900 List Price | 5 | 3 | 1,824 | $534 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was completely rebuilt from the ground up in 2021, making it only 3 years old. It features mint-condition modern finishes, including a contemporary open-concept kitchen with shaker cabinets and stone countertops, updated flooring, recessed lighting, and a fully finished garage. All systems and structures are nearly new, requiring no maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14125, living area = 2168.
The expansive 1/3-acre corner lot offers a rare opportunity to add approximately 5,000 square feet of additional living space, providing massive upside for investors or developers.
The property includes a permitted 1-bedroom ADU currently generating $2,000 per month, offering immediate cash flow to offset mortgage costs or enhance investment yield.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2168, other record living area = 2730. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Listed at $1,329,000, the property is priced at a significant premium for the 91911 zip code, which may limit the pool of qualified buyers or impact appraisal valuations.
The local elementary and high schools carry modest ratings (4/10 and 5/10 respectively), which may be a deterrent for families prioritizing top-tier educational districts.
Exceptional Development Opportunity | Fully Rebuilt Multi-Unit Estate on Expansive Corner Lot Rarely does a property offer this level of versatility, income potential, and future development opportunity all in one beautifully curated package. Situated on an expansive 1/3-acre corner lot directly across from a beautiful park, this completely rebuilt property was thoughtfully redesigned from the ground up in 2021 and presents a truly unique opportunity for investors, developers, multigenerational families, or owner-occupants seeking long-term upside. The main residence is a stunning single-story 4-bedroom, 3-bath home featuring a spacious open-concept layout, beautifully upgraded finishes, designer staging, and an ideal split-bedroom floorplan with the private primary suite tucked away from the secondary bedrooms. The heart of the home is the expansive kitchen and living space designed for seamless entertaining and comfortable everyday living. Attached on the opposite side of the oversized two-car garage is a private 1-bedroom, 1-bath accessory dwelling unit currently generating approximately $2,000 per month in rental income, creating immediate cash flow and incredible flexibility for extended family, guests, or tenants. What truly sets this property apart is the extraordinary development potential. With the ability to add approximately 5,000 additional square feet of living space, this property offers a rare opportunity to significantly expand the existing footprint and maximize future revenue potential. The oversized corner lot features multiple gated access points, creating the ideal setup for additional units, separate entrances, private outdoor spaces, and substantial parking for RVs, boats, toys, or future tenants. Whether you envision a luxury multigenerational compound, an income-producing investment portfolio, or a future development project, the possibilities here are endless. Centrally located near major freeways, shopping, dining, and directly across from park space, this is a one-of-a-kind property combining lifestyle, location, and long-term investment value.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 1.0 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,168 | 1,489.5 | 89% |
| Lot Size | 14,125 | 7,000 | 97% |
| Price | $1.33M | $820.0K | 99% |
| Price per sq ft | $613 | $564 | 68% |
| Built year | 2021 | 1965 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 125 | 4% |
May 28, 2026
$1,329,000
Initial Listing
Mar 4, 2020
$405,000
Public Record
Mar 30, 2000
$114,500
Public Record