
Chula Vista, California 91910
This award-winning triplex represents a Strong Value Opportunity, listed at $1,900,000—positioned well below the $2,054,626 Fair Market Value by 7%. This valuation gap offers $154,626 in Instant Equity. Featuring a Mint Condition Rating and high-end finishes like Granite Kitchens and Private Garages, this 2015-built asset ensures minimal maintenance. Its prime location near Third Avenue provides high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, income-generating property in Chula Vista.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 249 Del Mar Avenue Subject | $1,900,000* List Price | 0 | 0 | 3,195 | $643 | - |
A 249 51 Garrett Avenue Pending | $1,575,000 List Price | 0 | 0 | 2,250 | $700 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2015, the property is less than 10 years old and remains in mint condition. It features high-end finishes including custom cabinetry, granite countertops, stainless steel appliances, and modern tile work in bathrooms. Systems are contemporary with included air conditioning, and the overall structure requires no maintenance.
Built in 2015, this award-winning triplex features Craftsman-inspired architecture and high-end interior finishes including wood flooring, crown molding, and granite countertops, significantly reducing the need for immediate capital expenditures.
The property offers a highly desirable configuration of two 3-bedroom and one 2-bedroom residences, all featuring private garages and additional off-street parking, which is a rare and premium asset for rental properties in this area.
Situated just two blocks from Third Avenue’s vibrant dining, shopping, and community events, the property’s location ensures high tenant demand and the ability to command premium market rents.
The property is currently tenant-occupied and marketing materials rely on pre-occupancy photos, which may complicate the showing process and mask potential wear and tear since the units were last vacant.
At a $1.9M price point, the property represents a high-cost-per-unit investment that may result in a lower initial cap rate compared to older, value-add multi-family opportunities in the Chula Vista market.
Rare three-unit opportunity in the heart of Chula Vista, prominently situated on the corner of Del Mar Avenue and Davidson Street, just two blocks from Third Avenue. Built in 2015 and recognized through the City of Chula Vista’s Ribbons & Shovels Awards, this beautifully maintained property stands apart with Craftsman-inspired architecture, mature water saving landscaping, covered balconies, stone accents, and thoughtful design throughout. The property includes two 3-bedroom residences with large 2-car garages and one 2-bedroom residence with a 1-car garage and additional off-street parking. Each residence features air conditioning, wood flooring, crown molding, upgraded trim, custom cabinetry, stainless-steel appliances, and a front-loading stackable washer and dryer. 249 Del Mar offers 3 bedrooms, 2.5 bathrooms, a private balcony, and an attached 2-car garage. Its custom kitchen features distressed-finish cabinetry, granite countertops, a decorative backsplash, and a breakfast bar. 241 Davidson #201 offers 3 bedrooms, 2 bathrooms, a covered balcony, a 2-car garage, and single-level living above the garages. Highlights include a custom kitchen, rich wood cabinetry, granite countertops, and a separate dining area with built-in cabinets. 241 Davidson #101 offers 2 bedrooms, each with its own bathroom, a generously sized custom kitchen, an efficient living area, wood flooring, a front balcony accessed from one bedroom, a 1-car garage, and parking for two additional vehicles. Enjoy Downtown Chula Vista living just two blocks from Third Avenue’s restaurants, coffee shops, bakeries, breweries, local businesses, community events, and Sunday farmers market. The Chula Vista Marina and Bayfront are also nearby, offering waterfront parks, shoreline walks, boating, fishing, and scenic views across San Diego Bay. **Pictures of 249 Del Mar and unit #201 were taken before tenants occupancy. Exterior pictures are current and some when built.**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.8 |
| Square foot | 3,195 | 1,731.833 |
| Lot Size | 5,989 | 5,086.195 |
| Price | $1.90M | $822.8K |
| Price per sq ft | $595 | $507 |
| Built year | 2015 | 2000 |
| HOA | $0 | $298 |
| Days on market | 34 | 71 |
Aug 6, 2026
$1,900,000
Initial Listing