1925 Otay Lakes Road #19
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1925 Otay Lakes Road #19

Atop 10%

Chula Vista, CA 91913

$239,000

Pass at asking: -$139/mo full cashflow at 20% down, 7.43% rate.

Works at $221,022 (8% under asking), or at 29% down.

Rent $2,204/mo: zip market median for this bed count.

Beds

2

Baths

2

Sqft

1,440

Year Built

1972

Days on Market

119

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

PTP2605313

This property is in Chula Vista (91913). Browse neighborhood analytics →

Virtual Tour

About This Property

55/45+ COMMUNITY<<<MOVE-IN READY>>> Welcome to one of the most desirable Mobile Home Parks in all of Chula Vista. Located right in the heart of Eastlake, tucked away in a premium hidden location, this 55+ Senior Park is exceptionally maintained, neighbor-friendly and only a few minutes to all shopping and dining. Enjoy Costco, Target, Trader Joes, Sprouts, Cheesecake Factory, iHOP and so much more, all within just a few miles! Secluded from all the "hustle and bustle", you'll enjoy tranquility while sipping your morning coffee out on your own covered porch and summer BBQs in your extra private backyard with no neighbors behind. The chirping birds, the lack of noise and the cleanliness of this park are only a few benefits you will enjoy while living in the community. This beautifully renovated home offers 2 bedrooms, 2 full bathrooms, a gourmet kitchen with custom wood cabinetry, vinyl plank flooring throughout, custom shutters, beautiful French door that leads to the carport and a separate laundry closet that fits a full-size washer and dryer and additional storage, too. Pull right into your own private carport large enough to park 5 cars. A storage shed is located outback for tools, bicycles, hobbies, gardening supplies or extra household items. Very low maintenance outdoor space includes a large side yard AND large backyard and the porch faces west and provides a great breeze. This home is walking distance to the pool and close to one of the guest parking lots so your visitors can park close by. Otay Lakes Lodge offers a sparkling swimming pool, a well-appointed clubhouse for events and gatherings, billiards room and is pet friendly, too. Don't miss your opportunity to purchase a MOVE-IN ready home in this desirable park

Mortgage Calculator

Est. Monthly Payment

$1,636

Principal & Interest$1,328
Property Tax$239
Insurance$70
%($47,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Tiffany (Burton C.) 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.

Comparable Properties

1 comp found

This Property

$2,204

vs

Comp Average

$2,204

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

91A
Est. Monthly Rent
$2,204

Zip market median for this bed count

Thin data: no closed leases like this one nearby.

Monthly Cashflow

Rent − PITIA

+$567
Full Cashflow

Incl. vacancy, PM, maint, capex

-$139

What would make this work?

$139/mo short at 20% down; 29% down or +$180/mo rent closes it.

Break-even price

8% under asking

$221,022
Break-even rent

$180/mo above the estimate

$2,384/mo
Cashflow at 35% down
+$110/mo
Down payment to break even

$69,310 cash

29%
Rate to break even

at 20% down

6.34%

Mortgage (P+I)
$1,328
Cap Rate
6.52%
Cash-on-Cash
-3.49%
DSCR
1.35

NOI (Annual)
$15,589
Price-to-Rent

Lower = better for investors

9.0

* 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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ACashflow−$139/mo