550 L, Chula Vista, California 91911, Chula Vista, 91911 - 3 bed, 2 bath
550 L
Chula Vista, California 91911
Property Price
SUMMARY
Analysis of 550 L, Chula Vista, California 91911 reveals a property with a current list price of $899,000, which is 8% above the estimated $820,683 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Chula Vista Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 L Subject | $899,000* List Price | 3 | 2 | 1,834 | $447 | - |
A 898 Date Ave Sold | $795,000 | 3 | 2 | 1,849 | $430 | 0.1 mi |
B 1252 Fourth Ave Sold | $725,000 | 3 | 2 | 1,157 | $627 | 0.9 mi |
C 862 Beech Avenue Active | $749,999 List Price | 3 | 2 | 1,484 | $505 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1954, this property has been very well maintained and features some valuable upgrades like a fully paid-off solar system and a tankless water heater. The kitchen has updated stainless steel appliances and granite countertops, but the wood cabinetry style and overall aesthetic appear to be from an older renovation (15-30 years ago) rather than a recent modern overhaul. The bathrooms are notably dated with older vanities, countertops, and tile work, requiring significant cosmetic updates. Other areas show signs of age, such as the checkered wood ceiling in the living area and the stone fireplace. While functional and move-in ready, the property requires substantial cosmetic updates, particularly in the bathrooms, to align with current styles and standards, placing it in the 'Fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Large Corner Lot with ADU Potential
The property boasts a spacious corner lot offering significant potential for an Accessory Dwelling Unit (ADU), a pool, RV parking, or other expansion, providing flexibility for multigenerational living or rental income.
- Energy Efficient Upgrades
Equipped with a fully paid-off solar system and a tankless water heater, the home offers substantial long-term savings on utility costs and enhanced energy efficiency.
- Well-Maintained & Pride of Ownership
This home has been meticulously maintained and is offered for the first time since the 1950s, reflecting a true pride of ownership and suggesting solid underlying condition.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential for Dated Systems
Built in 1954 and being on the market for the first time since the 50s, while well-maintained, other systems (e.g., plumbing, electrical, windows) beyond the kitchen may be original or require future updates.
- Lack of Central Air Conditioning
The property description does not mention a central air conditioning system, which could be a significant drawback for comfort during warmer months in Chula Vista.
- Recent Price Reductions
Multiple price reductions from the original list price (from $939,000 to $899,000) suggest the initial pricing may have been ambitious or the market response has been slower than anticipated.
About 550 L
Welcome to this very well maintained 3-bedroom, 2-bathroom home, offered for the first time on the market since the 50's! Situated on a spacious corner lot, you have potential for an ADU, pool, or RV parking! Step inside to find a warm, inviting layout with comfortable living spaces and abundant natural light. The kitchen is in excellent condition, and has been upgraded to entertain all of your families needs. Enjoy energy efficiency and long-term savings with a FULLY PAID-OFF SOLAR SYSTEM and a tankless water heater. The large lot offers exciting potential for multigenerational living, added rental income, or creating your dream backyard oasis. Outside, you'll find mature orange and lemon trees, providing fresh fruit and a touch of California charm year-round. The private yard and ample side space offer flexibility for gardening, entertaining, or expanding. Don’t miss this rare opportunity to own a true pride-of-ownership home in one of Chula Vista’s most established communities. Whether you're a first-time buyer, investor, or growing family, this home checks all the boxes!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,192 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,834 | 1,479 | 75% |
| Lot Size | 7,192 | 7,000 | 58% |
| Price | $899.0K | $815.0K | 74% |
| Price per sq ft | $490 | $560 | 32% |
| Built year | 1954 | 1965 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 150 | 156 | 47% |
Pricing History
Listed for Sale
Dec 13, 2025
$899,000
$914,000
-2% Price Drop
Initial Listing
Price Change
Oct 21, 2025
$914,000
Initial Listing
Price Change
Oct 8, 2025
$939,000
Initial Listing