378 Vance Street

378 Vance Street

Atop 10%

Chula Vista, CA 91910

$449,000
NEW — 0d
STR limited · Chula Vista residents only · TOT 10%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$1,812/mo full cashflow at 20% down, 7.49% rate.

Works at $214,126 (52% under asking), or at 78% down.

Rent $2,495/mo from 1 lease in this building.

Beds

2

Baths

2

Sqft

892

Year Built

1988

Days on Market

0

Property Type

Condo

HOA/mo

$270

MLS ID

PTP2608144

This property is in Chula Vista (91910). Browse neighborhood analytics →

Virtual Tour

About This Property

Welcome to 378 Vance Street Unit 7 in Chula Vista. This inviting upstairs condominium in the Jasmine Place community offers 2 bedrooms, 2 bathrooms, and approximately 892 square feet of comfortable living space. The open layout features vaulted ceilings, abundant natural light, updated flooring, and a cozy living room fireplace, creating a warm and welcoming atmosphere. The kitchen opens to the main living area and includes a refrigerator, dishwasher, and garbage disposal. The primary bedroom features an en-suite bathroom, while the private patio offers a peaceful spot to relax and enjoy the outdoors. A washer is included, along with one assigned parking space and the option to rent a second space for a monthly fee. Conveniently located near Third Avenue Village, residents can enjoy a variety of local restaurants, coffee shops, breweries, shops, and community events. Memorial Park, trolley connections, and major freeways, including I-5 and I-805, are also nearby. For a change of scenery, explore the Chula Vista Bayfront and Gaylord Pacific Resort & Convention Center, a waterfront destination for dining, events, and entertainment. With its comfortable features and convenient location near shopping, dining, schools, parks, and transportation, this property presents an excellent opportunity for owner-occupants or investors seeking a centrally located Chula Vista residence.

Mortgage Calculator

Est. Monthly Payment

$3,359

Principal & Interest$2,509
Property Tax$449
Insurance$131
HOA$270
%($89,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Vista Square Elementary · grades PK-6 · Chula Vista Elementary

  • Middle

    Chula Vista Middle · grades 7-8 · Sweetwater Union High

  • High

    Chula 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.

Investment Score

54A
Est. Monthly Rent
$2,495

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$864
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,812

What would make this work?

$1,812/mo short at 20% down; 78% down or +$2,353/mo rent closes it.

Break-even price

52% under asking

$214,126
Break-even rent

$2,353/mo above the estimate

$4,848/mo
Cashflow at 35% down
−$1,342/mo
Down payment to break even

$350,220 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,509
Cap Rate
2.20%
Cash-on-Cash
-24.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$9,861
Price-to-Rent

Lower = better for investors

15.0

* Modelled at 20% down, 7.49% 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−$1,812/mo