1425 2nd Avenue #219
1 / 15

1425 2nd Avenue #219

Atop 10%

Chula Vista, CA 91911

$153,000

Works at asking: +$629/mo full cashflow at 20% down, 7.43% rate.

Still breaks even up to $234,857 (54% above asking).

Rent $2,343/mo: zip market median for this bed count.

Beds

2

Baths

1

Sqft

770

Year Built

1991

Days on Market

97

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

PTP2605937

This property is in Chula Vista (91911). Browse neighborhood analytics →

Virtual Tour

About This Property

Price Reduction!!! Welcome to this delightful 2-bedroom, 1-bath manufactured home in a peaceful gated 55/35 senior community. This well-maintained home features an open floor plan with vaulted ceilings, a spacious living room open to the kitchen, and a bright kitchen with ample cabinet storage. The split-bedroom layout provides added privacy. Central air conditioning, interior laundry, a large covered porch, storage shed, and two assigned parking spaces. Palace Garden is a safe, pet-friendly community offering resort-style amenities, including a pool, clubhouse, shuffleboard, and year-round social activities. Conveniently located in Chula Vista, it is considered one of the area's premier manufactured home communities for active seniors. Palace Garden is a safe welcoming environment. has many amenities like pool, club house, and shuffle board. There is various activities throughout the year held at the clubhouse. It is considered one of the best senior parks for manufactured homes in Chula Vista!

Mortgage Calculator

Est. Monthly Payment

$1,048

Principal & Interest$850
Property Tax$153
Insurance$45
%($30,600)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Lauderbach (J. Calvin) Elementary · grades PK-6 · Chula Vista Elementary

  • Middle

    Castle Park Middle · grades 7-8 · Sweetwater Union High

  • High

    Castle Park 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.

Investment Score

100A
Est. Monthly Rent
$2,343

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$1,295
Full Cashflow

Incl. vacancy, PM, maint, capex

+$629

What would make this work?

Cashflows +$629/mo at 20% down with every reserve funded.

Break-even price

54% above asking

$234,857
Break-even rent

Estimated rent already clears it

$1,527/mo
Cashflow at 35% down
+$788/mo
Down payment to break even

$0 cash

0%
Rate to break even

at 20% down

14.29%

Mortgage (P+I)
$850
Cap Rate
12.52%
Cash-on-Cash
24.65%
DSCR
2.24

NOI (Annual)
$19,149
Price-to-Rent

Lower = better for investors

5.4

* 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.

Open Full Calculator
ACashflow+$629/mo