
Chula Vista, California 91910
This Multi-Unit Development Asset represents a High-Potential Investment Opportunity with a List Price of $750,000. Currently in a Demolition-Phase Condition, the property offers a clear path to value through submitted permits for a primary residence split and a 750 sqft detached ADU. Strategically located near the Chula Vista Bayfront transformation and Gaylord Pacific Resort, the site is positioned for high rental demand and long-term appreciation. This strategic acquisition is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a high-yield portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 649 Chula Vista Subject | $750,000* List Price | 3 | 1 | 1,352 | $500 | - |
A 215 Ash Avenue Sold | $800,000 | 3 | 2 | 1,306 | $613 | 0.5 mi |
B 141 Brightwood Avenue Sold | $775,000 | 4 | 2 | 1,666 | $465 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently in a demolition phase and requires substantial renovation and rehabilitation. While the listing mentions 'original bones' and development potential for an ADU, the home is not move-in ready and lacks functional interior systems in its current state.
The property is primed for a multi-unit conversion with plans for a primary residence split and a 750 sqft detached ADU, offering significant value-add and rental income opportunities.
Situated near the massive Chula Vista Bayfront transformation and the Gaylord Pacific Resort, the property is positioned for strong future appreciation and high tenant demand.
With the demolition phase already initiated and permits submitted for city approval, much of the preliminary legwork has been completed, streamlining the development timeline for the buyer.
The property was recently sold within the past year on 2025-06-13. The sold price is $650,000.00.
The property is currently in a demolition phase and requires substantial renovation and construction before it can be occupied or generate any return on investment.
The existing structure features only one bathroom for a three-bedroom layout and is being sold in a condition that necessitates immediate and significant capital expenditure.
Capture the charm of the past and the profits of the future. This unique West Chula Vista property offers the rare chance to restore a home with stunning "original bones" while simultaneously developing a lucrative multi-unit estate. Strategically located near the massive Bayfront transformation, the property will include plans for a 2-unit split of the primary residence (3 bed/1bath & 1bedroom/1bath) and a separate detached ADU (750 sqft 2bed/1bath). With the demo phase already initiated and permits submitted for city approval, the path to completion is clear. Whether you’re looking to build a multi-generational compound or a high-performing rental portfolio near the new Gaylord Pacific Resort, this is the ground-floor opportunity of the year. Buyer and Buyer’s Agent to verify all information including, but not limited to: permit status, zoning, unit count, square footage, and development potential with the City of Chula Vista and appropriate professionals. All information provided in this listing is deemed reliable but not guaranteed. Buyer to conduct their own independent due diligence and investigations regarding all aspects of the property and its suitability for Buyer’s intended use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,352 | 1,740 | 20% |
| Lot Size | 6,609 | 7,200 | 37% |
| Price | $750.0K | $900.0K | 20% |
| Price per sq ft | $555 | $522 | 62% |
| Built year | 2021 | 1970 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 131 | 5% |
Mar 21, 2026
$750,000
Initial Listing
Jun 13, 2025
$650,000
Public Record
Apr 24, 1998
$119,000
Public Record