215 Otay Valley Rd B, Chula Vista, California 91911, Chula Vista, 91911 - 3 bed, 2 bath
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215 Otay Valley Rd B
Chula Vista, California 91911
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,212Sq Ft
0Lot Size
Property Price
LIST PRICE$500,000
EST. MARKET VALUE
$497,536
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $497,537 Fair Market Value (Note: Market value is currently aligned with list price). Featuring a Fair Condition Rating (5/10), this HUD home requires a full interior renovation, offering a blank canvas for value-add improvements. The 3-bedroom, 1.5-bathroom layout includes a large enclosed patio and access to community amenities. This is a strategic acquisition ideal for Fix-and-Flip Investors or first-time buyers seeking to build equity through sweat equity.
Estimated Market Value
$497,536
Based on Realkey algorithm analyzing recent comparable sales in Chula Vista.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 Otay Valley Rd B Subject | $500,000* List Price | 3 | 2 | 1,212 | $411 | - |
A 1580 Mendocino Drive 90 Sold | $517,000 | 3 | 2 | 1,180 | $438 | 0.9 mi |
B 1450 Melrose Avenue 78 Sold | $485,000 | 2 | 2 | 980 | $495 | 0.9 mi |
C 1420 Hilltop Drive 410 Sold | $430,000 | 2 | 2 | 1,004 | $428 | 0.9 mi |
D 226 Otay Valley Road A Active | $560,000 List Price | 3 | 2 | 1,212 | $462 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1973 (>50 years old) with no evidence of recent renovations. The interior shows significant aging including worn green shag carpeting, popcorn ceilings, and a highly dated kitchen with original-style blue tile countertops and cabinetry. As a HUD home, it requires a full rehab to address cosmetic and likely system obsolescence.
PROSSTRENGTHS & OPPORTUNITIES
- End-Unit Privacy
As a two-story end-unit within a Planned Unit Development (PUD), this home offers a more private, single-family feel with increased natural light and fewer shared walls.
- Low Carrying Costs
The property features a highly competitive price point with the added financial benefit of low monthly HOA fees and no Mello-Roos assessments.
- Private Outdoor Living
The large enclosed patio provides a significant amount of private outdoor space, which is a premium feature for a condominium and ideal for entertaining.
CONSRISKS & DEFICIENCIES
- Renovation Needs
Identified as a HUD home requiring a 'personal touch,' the property likely needs a capital investment for modern updates and repairs to reach its full potential.
- Limited Bathroom Ratio
The 1.5-bathroom configuration for a three-bedroom residence may be a drawback for larger families or buyers seeking modern convenience.
About 215 Otay Valley Rd B
Welcome to one of Chula Vista’s best-kept secret neighborhoods! This 2-story, 3-bedroom, 1.5-bathroom end-unit is located in a PUD (Planned Unit Development). It presents a rare opportunity to own in a peaceful, well-established community with a single-family feel. Featuring a spacious and functional floor plan that is ready for your personal touch, the home offers a formal living area, dining area, and a kitchen that overlooks the patio. Step outside to the large enclosed patio, a serene and private setting that is absolutely ideal for entertaining guests, enjoying your morning coffee, or relaxing in your own tranquil outdoor space.The community itself offers fantastic amenities for your enjoyment, including a community pool and a park, no Mello-Roos, and low HOA fees. Perfectly situated with easy freeway access and located near parks, schools, shopping, and dining this is a unique opportunity in a highly desirable Chula Vista location. HUD Home. FHA Case# 044-538819
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $300.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.7 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,212 | 1,188.972 |
| Lot Size | - | 57,275.789 |
| Price | $500.0K | $612.2K |
| Price per sq ft | $413 | $474 |
| Built year | 1973 | 2000 |
| HOA | $300.0 | $341 |
| Days on market | 6 | 57 |
Pricing History
Listed for Sale
Sep 3, 2026
$500,000
Initial Listing