
Chula Vista, California 91910
This Versatile Triplex Investment is listed at $1,575,000, representing a high-quality asset in a strategic growth corridor, compared to a $1,487,114 Fair Market Value. Boasting an Excellent Condition Rating, the property features a brand-new middle unit and Mixed-Use Potential on a desirable Corner Lot. With a Private Deck and Patio, the units offer modern finishes within the Chula Vista Elementary district. Located near the Gaylord Pacific Resort, this turnkey property is a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking immediate income and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 249 51 Garrett Avenue Subject | $1,575,000* List Price | 0 | 0 | 2,250 | $661 | - |
A 691 G Street Active | $1,499,000 List Price | 0 | 0 | 2,044 | $733 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1929, this triplex has undergone extensive recent renovations and includes a brand-new middle unit. The interior images reveal high-quality modern finishes, including luxury vinyl plank flooring, fresh paint, and recessed lighting. The bathrooms are updated with contemporary marble-style wall panels, quartz-style countertops, and modern black fixtures. The property appears move-in ready with all major components recently updated or newly constructed, meeting the criteria for excellent condition.
The property features a diverse unit configuration including a brand-new 1-bedroom unit and a front unit with mixed-use potential, offering immediate rental income and multiple exit strategies for investors.
Situated less than a mile from Downtown Chula Vista and near the major Gaylord Pacific Resort development, the property is positioned in a high-growth area with strong long-term appreciation potential.
Occupying a corner lot with flexible zoning, this property offers significant value-add opportunities through potential commercial use or future residential redevelopment.
Originally constructed in 1929, the older units may require ongoing maintenance or significant capital expenditures to modernize systems and ensure long-term structural integrity.
Despite the varied bedroom counts, each of the three units contains only a single bathroom, which may limit the rental premium and appeal for larger households.
Rate too high? Seller is willing to provide a closing cost credit to help buy down your rate and reduce your monthly payment! Exceptional three-unit investment opportunity situated on a corner lot in a prime, centrally located area of Chula Vista. This unique property offers strong current income with significant value-add and mixed-use potential. The front unit features a 3-bedroom, 1-bath layout with mixed-use capability, providing flexibility for residential, commercial, or redevelopment possibilities (buyer to verify). The middle unit is a brand-new 1-bedroom, 1-bath, recently constructed and move-in ready. The rear unit consists of a 2-bedroom, 1-bath, completing a versatile and well-balanced unit mix. Located less than a mile from Downtown Chula Vista, the property benefits from proximity to shopping, dining, public transportation, and major redevelopment projects. Conveniently close to the Gaylord Pacific Resort & Convention Center, this area continues to see strong growth, making it an ideal long-term investment. With zoning flexibility, a corner lot footprint, and a desirable unit mix, this property presents a rare opportunity for investors, developers, or owner-users seeking both immediate income and future upside. Multiple exit strategies available in one of Chula Vista's fastest-evolving locations.
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 | 2,250 | 1,584 | 89% |
| Lot Size | 5,835 | 5,835 | 50% |
| Price | $1.57M | $864.0K | 89% |
| Price per sq ft | $700 | $548 | 78% |
| Built year | 1929 | 1953 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 191 | 11% |
Apr 6, 2026
$1,575,000
Initial Listing
Feb 5, 2025
$1,235,000
Public Record
May 20, 2024
$840,000
Public Record