This High-Density Development Asset represents a strategic acquisition with a List Price of $1,195,000. While the automated $845,749 Fair Market Value reflects the existing duplex structures, the valuation is primarily driven by the rare Commercial V-3 Mixed Use Zoning which permits a 10-unit complex. With a Condition Rating of 5 and a prime location near the vibrant Third Avenue corridor, the site is optimized for redevelopment. This is a premier acquisition for Developers and Buy-and-Hold Investors targeting high-density urban growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 225 Landis Avenue Subject | $1,195,000* List Price | 0 | 0 | 1,586 | $533 | - |
A 210 212 Del Mar Avenue Pending | $950,000 List Price | 0 | 0 | 1,688 | $563 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947, the property is marketed primarily as a high-density development opportunity for 10 units, suggesting the existing structures have reached the end of their functional lifespan. The 'Do Not Enter' restriction and the emphasis on zoning and land value indicate significant aging infrastructure and deferred maintenance typical of a property requiring substantial rehabilitation.
The Commercial V-3 Mixed Use zoning provides a rare and lucrative opportunity to redevelop the site into a 10-unit complex, significantly maximizing the land's value.
Situated near the vibrant Third Avenue corridor, the property offers residents immediate access to Chula Vista's premier dining, shopping, and entertainment district.
The existing duplex configuration with two separate residential buildings and a detached garage allows for immediate rental income while the owner secures development permits.
Built in 1947, the existing structures are nearly 80 years old and may require substantial maintenance or modernization if not immediately demolished for redevelopment.
The 'Do Not Disturb Tenants' and 'Do Not Enter' restrictions limit initial physical inspections, which may complicate the early assessment of the buildings' interior conditions.
EXCITING INVESTMENT AND/OR DEVELOPMENT OPPORTUNITY. Duplex. Two separate buildings. One is 3 Bed/1 Bath, 1,086 SF. The other is 1 Bed/1 Bath, 500SF. Detached garage with wash/dryer hookups. Prime location in beautiful Chula Vista. Near Third Ave. Enjoy Restaurants, Shopping, Coffee Houses, Live Music and Fun. This location provides the Opportunity and Zoning to Build 10 Units. INCOME, INCOME, INCOME. Zoned Commercial V-3, Mixed Use. Do Not Disturb Tenants. Do Not Enter Property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,586 | 1,584 | 56% |
| Lot Size | 5,717 | 5,717 | 50% |
| Price | $1.20M | $864.0K | 89% |
| Price per sq ft | $753 | $548 | 89% |
| Built year | 1947 | 1953 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 191 | 11% |
Apr 17, 2026
$1,195,000
Initial Listing
Dec 1, 2023
$915,000
Public Record
Jun 2, 2021
$550,000
Public Record