1879 Platte River Lane #2
Btop 30%Chula Vista, CA 91913
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$2,800/mo full cashflow at 20% down, 7.43% rate.
Works at $298,348 (55% under asking), or at 81% down.
Rent $3,346/mo from 10 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area ($3,272–$3,498).
Beds
3
Baths
2.5
Sqft
1,303
Year Built
2005
Days on Market
91
Property Type
Condo
HOA/mo
$285
MLS ID
PTP2606121
This property is in Chula Vista (91913). Browse neighborhood analytics →
About This Property
LOW HOA!!! VA ASSUMABLE RATE OF 4.99% open to ALL buyers. Welcome to this beautifully updated 3-bedroom, 2.5-bathroom home located in the highly desirable Goldrush community of Otay Ranch. Offering 1,303 square feet of thoughtfully designed living space, this home features modern upgrades, a functional floor plan, and the convenience of an attached one-car garage. Recent updates include a new chef’s refrigerator, dishwasher, garbage disposal and plantation shutters. An electronic keypad on the front door adds everyday convenience and easy access. Also includes a 240V electric vehicle charger in the garage. Enjoy the benefits of a gated community with access to resort-style amenities including a sparkling pool, parks, and scenic walking trails. The home offers a dedicated laundry room, spacious living areas, and a comfortable layout perfect for everyday living and entertaining. Located within the award-winning Chula Vista school district, this home is surrounded by shopping, dining, recreation, and everything Otay Ranch has to offer. With low HOA fees and an unbeatable location, this is a wonderful opportunity to own in one of Chula Vista’s most sought-after communities.
Mortgage Calculator
Est. Monthly Payment
$4,825
Location
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Zoned Schools
Elementary
McMillin (Corky) Elementary · grades K-6 · Chula Vista Elementary
Middle
Rancho del Rey Middle · grades 7-8 · Sweetwater Union High
High
Olympian 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.
Comparable Properties
5 comps foundThis Property
$3,346
Comp Average
$3,437
1890 Chambery Pl
3bd / 2ba · 1,315 sqft · Condo
$550K
Est. $3,516/mo
1880 Aubrives Place
3bd / 2ba · 1,315 sqft · Condo
$595K
Est. $3,313/mo
1338 Nicolette Avenue
3bd / 2ba · 1,315 sqft · Condo
$600K
Est. $3,298/mo
2044 Bluestone Circle
3bd / 2.5ba · 1,316 sqft · Condo
$640K
Est. $3,528/mo
2062 Bluestone Cir
3bd / 2.5ba · 1,316 sqft · Condo
$699K
Est. $3,528/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area · $3,272–$3,498
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,800/mo short at 20% down; 81% down or +$3,637/mo rent closes it.
- Break-even price
- $298,348
- Break-even rent
- $6,983/mo
- Cashflow at 35% down
- −$2,110/mo
- Down payment to break even
- 81%
- Rate to break even
- Not reachable
55% under asking
$3,637/mo above the estimate
$537,030 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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