1228 La Vida Ct
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1228 La Vida Ct

Btop 30%

Chula Vista, CA 91915

$720,000
STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$2,791/mo full cashflow at 20% down, 7.36% rate.

Works at $354,857 (51% under asking), or at 77% down.

Rent $3,671/mo from 31 leases of 3-bed condos & townhomes within 2 mi ($3,433–$3,709).

Beds

3

Baths

2.5

Sqft

1,395

Year Built

1999

Days on Market

70

Property Type

Condo

HOA/mo

$115

MLS ID

260021602SD

This property is in Chula Vista (91915). Browse neighborhood analytics →

Virtual Tour

About This Property

Welcome to 1228 La Vida Ct, a beautifully maintained 3-bedroom, 2.5-bath home nestled in the highly desirable Eastlake Greens community of Chula Vista. This two-story residence offers 1,395 square feet of comfortable living space with an inviting open-concept layout, abundant natural light, and a warm, welcoming atmosphere. The main level features a spacious living room with a cozy fireplace, durable LVP flooring, and a well-appointed kitchen with stainless steel appliances. Upstairs, you'll find three generously sized bedrooms, including a primary suite with a walk-in closet, along with convenient access to the home's laundry area. An attached 1-car garage provides direct access, while an additional private parking space offers added convenience. Enjoy the best of Eastlake living with access to an impressive collection of resort-style amenities, including three community pools, two parks, five tennis courts, two basketball courts, and two sand volleyball courts. The community also offers controlled access, beautifully maintained common areas, walking and biking opportunities, and close proximity to Enagic Golf Club at Eastlake. With excellent schools, shopping, dining, parks, and everyday conveniences all nearby, this home offers an exceptional combination of comfort, recreation, and location. Don't miss the opportunity to make this Eastlake Greens gem your own!

Mortgage Calculator

Est. Monthly Payment

$5,017

Principal & Interest$3,972
Property Tax$720
Insurance$210
HOA$115
%($144,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Arroyo Vista Charter · grades K-8 · Chula Vista Elementary

  • Middle

    Eastlake Middle · grades 7-8 · Sweetwater Union High

  • High

    Eastlake High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

46B
Est. Monthly Rent
$3,671

31 leases of 3-bed condos & townhomes within 2 mi · $3,433–$3,709

Blended 50/50 with the zip's market median ($3,746)

Monthly Cashflow

Rent − PITIA

-$1,346
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,791

What would make this work?

$2,791/mo short at 20% down; 77% down or +$3,624/mo rent closes it.

Break-even price

51% under asking

$354,857
Break-even rent

$3,624/mo above the estimate

$7,295/mo
Cashflow at 35% down
−$2,046/mo
Down payment to break even

$554,400 cash

77%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,972
Cap Rate
2.28%
Cash-on-Cash
-23.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$16,383
Price-to-Rent

Lower = better for investors

16.3

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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BCashflow−$2,791/mo