
389 First Avenue
Btop 30%Chula Vista, CA 91910
Pass at asking: -$2,985/mo full cashflow at 20% down, 7.43% rate.
Works at $410,822 (49% under asking), or at 74% down.
Rent $4,098/mo from 11 leases of 2–4 bed houses within 1 mi ($3,902–$4,269).
Beds
3
Baths
3
Sqft
1,852
Year Built
1972
Days on Market
61
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608505
This property is in Chula Vista (91910). Browse neighborhood analytics →
About This Property
Excellent opportunity to bring your vision to this single-story in the heart of Chula Vista! Situated in a well-maintained neighborhood just two blocks from Third Avenue, this property offers incredible potential for those looking to customize or invest in a highly desirable location. The home features 3 bedrooms, 3 bathrooms plus an attached ADU, and a large, flat lot with plenty of room to explore future possibilities. The ADU offers flexibility for multi-generational living, guest accommodations, or as an investment. An attached 1-car garage plus abundant street parking adds to the convenience. Inside, the home offers a functional open floor plan with a mix of wood flooring and tile, abundant natural light, and a brick fireplace serving as a focal point in the living area. With its solid bones, single-story design, spacious lot, and significant potential, this is a fantastic opportunity to transform the property into something truly special. Enjoy the best of Chula Vista living just two blocks from Third Avenue, home to popular restaurants, coffee shops, bakeries, breweries, local businesses, and community events. Bring your imagination—this is a chance to create value in a prime location!
Mortgage Calculator
Est. Monthly Payment
$5,474
Location
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Zoned Schools
Elementary
Rosebank Elementary · grades K-6 · Chula Vista Elementary
Middle
Hilltop Middle · grades 7-8 · Sweetwater Union High
High
Hilltop 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
5 comps foundThis Property
$4,098
Comp Average
$3,998
749 Neptune Court
4bd / 2ba · 1,929 sqft · Single Family
$800K
Est. $4,196/mo
135 Woodlawn Avenue
3bd / 2ba · 1,684 sqft · Single Family
$800K
Est. $3,789/mo
168 Whitney
3bd / 2ba · 1,750 sqft · Single Family
$849K
Est. $3,996/mo
122 Elder Avenue
3bd / 2ba · 1,926 sqft · Single Family
$840K
Est. $3,789/mo
755 Duoro Drive
3bd / 2.5ba · 1,766 sqft · Single Family
$950K
Est. $4,222/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
11 leases of 2–4 bed houses within 1 mi · $3,902–$4,269
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,985/mo short at 20% down; 74% down or +$3,876/mo rent closes it.
- Break-even price
- $410,822
- Break-even rent
- $7,974/mo
- Cashflow at 35% down
- −$2,152/mo
- Down payment to break even
- 74%
- Rate to break even
- Not reachable
49% under asking
$3,876/mo above the estimate
$591,630 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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