45 Madison Ave, Chula Vista, California 91910, Chula Vista, 91910 - 2 bed, 1 bath
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45 Madison Ave
Chula Vista, California 91910
ACTIVE
CONDITION: POOR
2Beds
1Baths
788Sq Ft
10,032Lot Size
Property Price
LIST PRICE$759,500
EST. MARKET VALUE
$684,481
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $765,000—positioned above the $685,643 Fair Market Value. While the current Condition Rating of 5 necessitates significant renovation, the 10,032 sq.ft. R-3 zoned lot provides exceptional utility for multi-unit development. This asset is a strategic play for those looking to leverage land density in a high-demand area. Given the lack of active permits, this project is best suited for Real Estate Developers or Experienced Investors capable of navigating municipal requirements for long-term value creation.
Estimated Market Value
$684,481
Based on Realkey algorithm analyzing recent comparable sales in Chula Vista.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1948, this 76-year-old property is marketed primarily as a development opportunity. While it has updated laminate flooring, the bathroom features original 1950s tiling and fixtures, and the presence of popcorn ceilings and dated windows suggests the home requires a full rehab of major systems and interior finishes.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10032, living area = 788.
- Development Potential
The R-3 zoning on a substantial 10,000 sq.ft. lot presents a prime opportunity for multi-unit development or high-density residential projects in a high-demand area.
- Expansive Lot Size
At over 10,000 square feet, the lot size is significantly larger than average for the neighborhood, offering maximum flexibility for site planning and construction.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-04-10. The sold price is $500,000.00.
- As-Is Condition
The existing 1948 structure requires cosmetic repairs and is being sold in its current state, necessitating immediate renovation capital or demolition costs.
- Permitting Requirements
With no development permits currently in process, the buyer must navigate the time-consuming and uncertain municipal approval process for any new construction.
About 45 Madison Ave
Serious buyers, investors and business owners, poss development opportunity in Chula Vista! Large 10,000 sq.ft R-3 zoned lot offering excellent potential for future development. Possible up to 8 units- close to i-5 and all amenities Property currently features 2 beds/1 bath/788 sq.ft home in need of cosmetic repairs! Being sold as-is/no development permits in process. Buyer to verify all development and building details/requirements. Will be going off-market 9/7/26. Owner to start remodel and price to reflect turnkey home. Don't miss this opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 10,032 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 788 | 2,059.6 |
| Lot Size | 10,032 | 7,008.88 |
| Price | $759.5K | $959.7K |
| Price per sq ft | $964 | $487 |
| Built year | 1948 | 2000 |
| HOA | $0 | $134 |
| Days on market | 26 | 45 |
Pricing History
Listed for Sale
Aug 31, 2026
$759,500
$765,000
-1% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$765,000
Initial Listing
Sold
Apr 10, 2026
$500,000
Public Record
Sold
Jul 20, 2001
$196,000
Public Record