741 Elm Ave, Chula Vista, California 91910, Chula Vista, 91910 - 3 bed, 2 bath
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741 Elm Ave
Chula Vista, California 91910
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,075Sq Ft
9,200Lot Size
Property Price
LIST PRICE$749,900
EST. MARKET VALUE
$780,510
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,900—positioned well below the $780,511 Fair Market Value by 3%. This valuation gap offers $30,611 in Instant Equity for buyers. With a Condition Rating of 4, the home requires modernization, yet the expansive 9,200 sqft lot offers significant Development Potential for ADUs and RV parking. This is a value-add asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic renovation.
Estimated Market Value
$780,510+$30,610 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Chula Vista.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 741 Elm Ave Subject | $749,900* List Price | 3 | 2 | 1,075 | $726 | - |
A 747 First Avenue Sold | $840,000 | 3 | 2 | 1,308 | $642 | 0.2 mi |
B 732 Brightwood Avenue Sold | $795,000 | 3 | 2 | 1,396 | $569 | 0.8 mi |
C 729 Myra Avenue Sold | $775,000 | 4 | 2 | 1,494 | $519 | 1.0 mi |
D 709 Brightwood Avenue Sold | $800,000 | 3 | 2 | 1,463 | $547 | 0.7 mi |
E 123 I Street Sold | $615,000 | 2 | 1 | 772 | $797 | 0.4 mi |
F 655 Robert Ave Sold | $830,000 | 3 | 2 | 1,358 | $611 | 0.7 mi |
G 629 Gretchen Road Pending | $699,900 List Price | 3 | 1 | 1,012 | $692 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1940, this property is significantly aged and shows signs of deferred maintenance, particularly in the landscaping and interior finishes like the dated carpeting. While the addition of solar panels and newer windows prevents a 'poor' rating, the home is marketed for its 'potential,' indicating that the kitchen, bathrooms, and core systems likely require updates to meet modern standards.
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 = 9200, living area = 1075.
- Development Potential
The expansive 9,200 sqft lot provides significant room for RV/boat parking and the addition of multiple ADUs, maximizing the property's long-term investment value.
- Low Carrying Costs
The absence of HOA fees and Mello-Roos assessments significantly reduces monthly overhead, making it a more financially attractive option in the Chula Vista market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Limited Living Space
With only 1,075 square feet of living area, the interior layout may feel constrained for a three-bedroom residence, potentially requiring an addition to suit modern needs.
- Age-Related Modernization
Built in 1940, the property is described as having 'loads of potential,' suggesting that significant interior updates and repairs may be necessary to reach its full market value.
About 741 Elm Ave
WOW HUGE LOT LOTS OF POTENTIAL - PLENTY OF PARKING - ROOM FOR RV, BOAT, ADU'S - LOOKS SO ENDEARING WITH PILLARS AT THE ENTRY - NEWER WINDOWS - BAY WINDOWS - DETACHED GARAGE - NO HOA - NO MELLO-ROOS - OPEN LIVING ROOM AND DINING AREA - NICE KITCHEN - LOADS OF POTENTIAL - CLOSE TO ALL SHOPPING, TRANSPORTATION
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 9,200 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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,075 | 2,059.6 |
| Lot Size | 9,200 | 7,008.88 |
| Price | $749.9K | $959.7K |
| Price per sq ft | $698 | $487 |
| Built year | 1940 | 2000 |
| HOA | $0 | $134 |
| Days on market | 29 | 45 |
Pricing History
Listed for Sale
Aug 11, 2026
$749,900
Initial Listing