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Exceptional Development Opportunity | Fully Rebuilt Multi-Unit Estate on Expansive Corner Lot Rarely does a property offer this level of versatility, income potential, and future development opportunity all in one beautifully curated package. Situated on an expansive 1/3-acre corner lot directly across from a beautiful park, this completely rebuilt property was thoughtfully redesigned from the ground up in 2021 and presents a truly unique opportunity for investors, developers, multigenerational families, or owner-occupants seeking long-term upside. The main residence is a stunning single-story 4-bedroom, 2-bath home featuring a spacious open-concept layout, beautifully upgraded finishes, designer staging, and an ideal split-bedroom floorplan with the private primary suite tucked away from the secondary bedrooms. The heart of the home is the expansive kitchen and living space designed for seamless entertaining and comfortable everyday living. Attached on the opposite side of the oversized two-car garage is a private 1-bedroom, 1-bath accessory dwelling unit currently generating approximately $2,000 per month in rental income, creating immediate cash flow and incredible flexibility for extended family, guests, or tenants. What truly sets this property apart is the extraordinary development potential. With the ability to add approximately 5,000 additional square feet of living space, this property offers a rare opportunity to significantly expand the existing footprint and maximize future revenue potential. The oversized corner lot features multiple gated access points, creating the ideal setup for additional units, separate entrances, private outdoor spaces, and substantial parking for RVs, boats, toys, or future tenants. Whether you envision a luxury multigenerational compound, an income-producing investment portfolio, or a future development project, the possibilities here are endless. Centrally located near major freeways, shopping, dining, and directly across from park space, this is a one-of-a-kind property combining lifestyle, location, and long-term investment value.
| Address |
155 Walnut Drive
Chula Vista, CA 91911 |
| Listing Status | Active |
| Asking Price | $1,329,000 |
| Original Listing | $1,329,000 @ 2026-05-28 |
| Property Condition | Turnkey |
| Square Footage | 2168 sf |
| Flooring | Vinyl |
| Bedrooms | 4 |
| Full Bathrooms | 2 |
| Directions | Orange Ave to Max to Walnut [Cross Street(s)]: Max Street |
| Market Area | 91911 - Chula Vista |
| Neighborhood | Woodlawn Park |
| Complex | CHULA VISTA |
| School District | Not Listed |
| Age Restriction | 0 |
| Property Type | |
| Mello-Roos Fee | $0 |
| HOA Fee | $0 |
| HOA Features | Park |
| County | San Diego |
| Assessor Parcel# | 6240324600 |
| Zoning | R-3 |
| Geographic Areas | |
| Highway Locator |
East of I-5 South of I-8 West of I-805 South of SR-52 |
| Ocean Distance | 5.2 miles |
| Style | Single Family Residence |
| Material | Not Listed |
| Lot Size | ~ 14,125 sf |
| Fencing | Excellent Condition |
| Topography | Not Listed |
| Roof | Composition |
| Entry Steps | 1 |
| Swimming Pool | None |
| Patio | None |
| Exclusive Yard | 1 |
| Parking |
Pull-through
None
On Site
RV Potential
Total Spaces: 17
Garage Spaces: 2
Non-Garage Spaces:
0 -
15.00
|
| View | Park/Greenbelt |
| Year Built | 2021 (source: Assessor) |
| Laundry Location | Gas Dryer Hookup,Individual Room,Electric Dryer Hookup |
| Elevator | Not Listed |
| Cooling | None |
| Heating | Electric, Wall Furnace |
| Fireplaces | None (0) |
| Additional Parcels | No |
| Appliances | Yes |
| Assessments | No |
| Association | No |
| Association Fee 2 | 0 |
| Attached Garage | Yes |
| Below Grade Finished Area | 0 |
| Carport Spaces | 0 |
| Common Walls | No Common Walls |
| Construction Materials | Wood Siding, Stucco |
| Cooling | No |
| Direction Faces | North |
| Entry Location | one |
| Exclusions | staging furniture |
| Foundation Details | Concrete Perimeter |
| Heating | Yes |
| High School District | Sweetwater Union |
| Land Lease | No |
| Laundry | Yes |
| Levels | One |
| Living Area Source | Other |
| Living Area Units | Square Feet |
| Lot Dimensions Source | Assessor |
| Lot Features | Corner Lot, Level, Sprinklers Drip System, Value In Land |
| Lot Size Source | Assessor |
| Lot Size Units | Square Feet |
| Main Level Bathrooms | 3 |
| Main Level Bedrooms | 5 |
| New Construction | No |
| Number Of Units Total | 0 |
| Number Remotes | 0 |
| Parking | No |
| Patio | No |
| Pool Private | No |
| Property Attached | No |
| Room Bathroom Features | Double sinks in bath(s), Double Sinks in Primary Bath |
| Room Kitchen Features | Self-closing cabinet doors, Kitchen Island, Walk-In Pantry |
| Sprinklers | Yes |
| Tax Model | |
| View | Yes |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report | No |
| Platform | CRMLS |
| AOR | Pacific Southwest |
| MLS Number | PTP2604064 |
| Courtesy of | Coldwell Banker West |
| Listing Agent |
Laura
Steffen &
Sal
Aguilera
loansbylaura@yahoo.com |
https://www.californiatophomes.com/PTP2604064