For SaleRisky Deal93 days on market
1385 Melrose Ave
1385 Melrose Ave, Chula Vista, CA 91911, Chula Vista, CA 91911
$699,000
Estimate®:$700,200$1,200 Under Market
Listing Price
1385 Melrose Ave, Chula Vista, CA 91911
Loc: Chula Vista, CA
Days Listed
93
Tax Assessed
$601k
Estimate®
$700k
0% Under Valued
Lot Size
7,000 sqft
Rent Estimate
$3,737/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Palomar Elementary School
K-6
0.2 mi away
2
Castle Park Middle School
7-8
1 mi away
4
Castle Park Senior High School
9-12
0.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch-stylestucco exteriorsingle-storyconcrete drivewaysolar panelsattached garageoff-street parkinglow-maintenance landscapingflat rooflineresidentialsuburbanminimalistutility focus
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.69%
Total ROI
39.1%
Cash Flow
$-1,475/mo
DSCR
0.59
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,475/mo net cash flow with a 3.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Chula Vista, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-30 | Listed for sale | $699,000 | $554 |
| 2026-05-19 | Pending sale | $699,000 | $554 |
| 2026-05-07 | Listed for sale | $699,000 | $554 |
| 2006-10-18 | Sold | $440,000 | $349 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $601,251 |
| 2025 | $8,433.06 | $589,463 |
| 2024 | $7,170.34 | $577,906 |
| 2023 | $6,696.82 | $566,576 |
| 2022 | $6,504.72 | $555,468 |
| 2021 | $5,720.74 | $490,000 |
| 2020 | $5,069.12 | $440,000 |
| 2019 | $5,004.28 | $440,000 |
| 2018 | $5,057.42 | $440,000 |
| 2017 | $4,594.08 | $400,000 |
| 2016 | $4,349.02 | $380,000 |
| 2015 | $3,897.32 | $340,000 |
| 2014 | $3,452.4 | $300,000 |
| 2013 | $0 | $252,000 |
| 2012 | $0 | $235,000 |
| 2011 | $0 | $235,000 |
| 2010 | $0 | $235,000 |
| 2009 | $0 | $235,000 |
| 2008 | $0 | $290,000 |
| 2007 | $0 | $440,000 |
| 2006 | $0 | $50,847 |
| 2005 | $0 | $49,851 |
| 2004 | $0 | $48,875 |
| 2003 | $0 | $47,980 |
| 2002 | $0 | $47,041 |
| 2001 | $0 | $46,120 |
Similar Properties Nearby
Explore other investment opportunities in Chula Vista.