
1268 Calle Candelero
Ctop 80%Chula Vista, CA 91910
Pass at asking: -$4,762/mo full cashflow at 20% down, 7.43% rate.
Works at $479,917 (56% under asking), or at 83% down.
Rent $4,787/mo from 9 leases of 4-bed houses within 1 mi ($4,447–$4,958).
Beds
4
Baths
2.5
Sqft
2,074
Year Built
1976
Days on Market
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2607279
This property is in Chula Vista (91910). Browse neighborhood analytics →
About This Property
At 1268 Calle Candelero, the renovation extends far beyond cosmetic updates. Located in the highly sought-after Rancho Del Rey community, this beautifully upgraded home has been thoughtfully reimagined inside and out, showcasing quality craftsmanship, premium materials, and pride of ownership throughout. Inside, extensive improvements include new wall texture, square-edge corners, premium Select Oak hardwood flooring, upgraded baseboards, Poplar wood window casings and trim, and new interior doors, creating a refined and cohesive aesthetic throughout the home. Elegant Spanish porcelain tile has been thoughtfully incorporated, adding character, durability, and timeless appeal. The fully remodeled kitchen features new cabinetry, countertops, appliances, flooring, and a large sink designed to blend functionality with modern style. Nearly all doors and windows throughout the home have been replaced or upgraded, including two sliding glass doors, French doors, fire-rated garage access doors, a renovated main entry door, and fourteen solid pine six-panel interior doors serving the bedrooms, bathrooms, and closets. The only exceptions are the garage door, side gates, and water heater closet door. The exterior has been equally transformed with fresh paint, reinforced concrete block walls, a stamped concrete driveway, Saltillo tile accents, and enhanced landscaping supported by updated irrigation. Additional improvements include new concrete work and drainage enhancements extending from the chimney into the backyard, a refinished pool, a rebuilt pool equipment area, and a restored chimney. A reinforced side wall and RV gate provide valuable additional access to the backyard and pool area, offering flexibility for vehicles, recreational equipment, and entertaining. With extensive upgrades throughout and an exceptional level of attention to detail, 1268 Calle Candelero presents a rare opportunity to own a truly move-in-ready home in one of Chula Vista's most desirable neighborhoods. This is a property whose quality, craftsmanship, and thoughtful renovation must be experienced in person to be fully appreciated.
Mortgage Calculator
Est. Monthly Payment
$7,531
Location
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Zoned Schools
Elementary
Chula Vista Hills Elementary · grades K-6 · Chula Vista Elementary
Middle
Bonita Vista Middle · grades 7-8 · Sweetwater Union High
High
Bonita Vista Senior 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.
Renovation math
Flagged Light Value-Add from the listing remarks — “cosmetic updates”.
- Asking now
- $1.10M
- Worth finished
- $1.01M
- Already above finished value
- −$94,354
$530/sqft
$485/sqft × 2,074 sqft
$45/sqft over
Comparable finished homes nearby suggest this is worth about $1.01M — below the asking price. A renovation here has to be funded out of the purchase, not the spread.
Rent once renovated
- Rent at par
- $4,652/mo
- Cashflow at that rent
- −$4,866/mo
$2.24/sqft × 2,074 sqft, median of 5 comps
cap rate 1.61%, DSCR 0.62
Heads up: the rent estimate elsewhere on this page ($4,787/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $4,652/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$4,787
Comp Average
$4,509

1116 Sage View
4bd / 3ba · 2,079 sqft · Single Family
$825K
Est. $4,663/mo
749 Neptune Court
4bd / 2ba · 1,929 sqft · Single Family
$800K
Est. $4,196/mo
1085 Winding Oak Drive
4bd / 2.5ba · 1,889 sqft · Single Family
$975K
Est. $4,372/mo
1048 Calma Drive
4bd / 2.5ba · 2,143 sqft · Single Family
$1.04M
Est. $4,622/mo
779 Cholla Rd
4bd / 2.5ba · 2,074 sqft · Single Family
$1.14M
Est. $4,691/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 4-bed houses within 1 mi · $4,447–$4,958
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,762/mo short at 20% down; 83% down or +$6,184/mo rent closes it.
- Break-even price
- $479,917
- Break-even rent
- $10,971/mo
- Cashflow at 35% down
- −$3,616/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
56% under asking
$6,184/mo above the estimate
$912,917 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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