
Chula Vista, California 91910
This Three-Unit Income Property represents a High-Potential Investment Opportunity, listed at a List Price of $1,175,000. While currently priced above the $1,040,100 Fair Market Value, the property offers significant utility through its detached single-family home and established duplex configuration. Featuring an Updated Condition Rating with minimal deferred maintenance, this asset provides immediate rental income potential near the Chula Vista Bayfront. The versatile layout is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through multi-unit revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 Madrona St. Subject | $1,100,000* List Price | 2 | 1 | 2,400 | $421 | - |
A 324 Hilltop Sold | $980,000 | 3 | 3 | 1,663 | $589 | 0.6 mi |
B 108 Whitney Street Sold | $825,000 | 3 | 2 | 1,852 | $445 | 0.6 mi |
C 624 Guava Ave Sold | $850,000 | 4 | 2 | 1,822 | $467 | 0.8 mi |
D 61 Del Mar Avenue Sold | $845,000 | 4 | 3 | 1,976 | $428 | 0.8 mi |
E 181 Corte Maria Avenue Sold | $950,000 | 3 | 2 | 2,044 | $465 | 0.6 mi |
F 516 Carla Ave Sold | $875,000 | 4 | 2 | 1,850 | $473 | 0.7 mi |
G 189 Montebello St Pending | $890,000 List Price | 4 | 2 | 1,997 | $446 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1960, the property has been updated with modern laminate flooring, fresh paint, and updated kitchen cabinetry. The listing indicates minimal deferred maintenance and the interiors appear move-in ready and functional, fitting the 5-15 year renovation profile.
The property features a unique three-unit configuration consisting of a detached single-family home and a duplex, providing excellent versatility for owner-occupants to offset their mortgage or for investors to maximize rental yield.
Ideally positioned near the Chula Vista Bayfront redevelopment, marina, and historic downtown, the property benefits from high tenant demand and significant potential for long-term capital appreciation.
All three residences have been updated with minimal deferred maintenance, offering a move-in ready opportunity that reduces the need for immediate capital expenditures.
With three separate units situated on a 6,382 square foot lot, the property has limited private outdoor space and higher density, which may impact privacy between residents.
The duplex units are currently tenant-occupied, which could present challenges for buyers seeking immediate full possession or those looking to quickly adjust rents to current market rates.
Rare Chula Vista opportunity offering the best of both worlds: a detached single-family residence plus an established income-producing duplex, all on one legal three unit property. Ideally located near the Chula Vista Bayfront redevelopment, marina, waterfront parks, historic downtown, shopping, dining, schools, public transportation, and convenient access to I-5 and I-805. The detached 2bedroom, 1bathroom home offers the privacy and comfort of a standalone residence, complete with an extra large attached one car garage and additional storage. Live in the home while benefiting from rental income generated by the two tenant occupied duplex units, or utilize all three residences as a long term investment. Each duplex unit offers over 800 square feet with 2 bedrooms, 1 bathroom, a private rear patio, and assigned on site parking. The existing rental income can help offset monthly ownership expenses, creating an attractive opportunity for both owner occupants and investors. Duplex photos were taken prior to tenant occupancy and highlight the bright, inviting interiors. All three residences have been updated with minimal deferred maintenance. A unique opportunity to own a versatile three unit property in a desirable Chula Vista location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 2,400 | 2,059.6 |
| Lot Size | 6,382 | 7,008.88 |
| Price | $1.10M | $959.7K |
| Price per sq ft | $458 | $487 |
| Built year | 1960 | 2000 |
| HOA | $0 | $134 |
| Days on market | 13 | 45 |
Sep 2, 2026
$1,100,000
$1,175,000
-6% Price Drop
Initial Listing
Aug 27, 2026
$1,175,000
Initial Listing