1268 Calle Candelero
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1268 Calle Candelero

Ctop 80%

Chula Vista, CA 91910

$1,099,900

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 →

Virtual Tour

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

Principal & Interest$6,110
Property Tax$1,100
Insurance$321
%($219,980)
%
Loan Term

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

$530/sqft

Worth finished
$1.01M

$485/sqft × 2,074 sqft

Already above finished value
−$94,354

$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

$2.24/sqft × 2,074 sqft, median of 5 comps

Cashflow at that rent
−$4,866/mo

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.

Investment Score

20C
Est. Monthly Rent
$4,787

9 leases of 4-bed houses within 1 mi · $4,447–$4,958

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,744
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,762

What would make this work?

$4,762/mo short at 20% down; 83% down or +$6,184/mo rent closes it.

Break-even price

56% under asking

$479,917
Break-even rent

$6,184/mo above the estimate

$10,971/mo
Cashflow at 35% down
−$3,616/mo
Down payment to break even

$912,917 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,110
Cap Rate
1.73%
Cash-on-Cash
-25.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.64

NOI (Annual)
$19,054
Price-to-Rent

Lower = better for investors

19.1

* 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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CCashflow−$4,762/mo