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450 Colorado Avenue #A

Atop 10%

Chula Vista, CA 91910

$524,950

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: -$2,037/mo full cashflow at 20% down, 7.43% rate.

Works at $259,685 (51% under asking), or at 76% down.

Rent $3,175/mo from 8 leases of 2–4 bed condos & townhomes within 1 mi ($2,809–$2,944).

Beds

Baths

1.5

Sqft

1,136

Year Built

1964

Days on Market

Property Type

Condo

HOA/mo

$450

MLS ID

PTP2608231

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

Virtual Tour

About This Property

Doesn't get any closer than this to Chula Vista's new BAYFRONT development; right in your BACKYARD! Walk to Gaylord Resort and Convention Center, Marina, Restaurants, parks, and beautiful San Diego Bay. Excellent opportunity to own this hard-to-find 3-bedroom with 1 & 1/2 Bathrooms and 2 designated parking spaces. END unit with one common wall. Updated Kitchen and bathrooms. Huge 3rd Bedroom. Private patio & storage. Feel the fresh Western Bay breezes. Easy access to trolly, freeway, only minutes to San Diego Airport and Downtown.

Mortgage Calculator

Est. Monthly Payment

$4,044

Principal & Interest$2,916

Property Tax$525

Insurance$153

HOA$450

Down Payment

%($104,990)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Mueller Charter (Robert L.) · grades PK-12 · 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.

Comparable Properties

5 comps found

This Property

$3,175

Comp Average

$2,815

467 Woodlawn Avenue

2bd / 2ba · 1,024 sqft · Condo

$400K

Est. $2,595/mo

548 Telegraph Canyon Rd

3bd / 2ba · 1,186 sqft · Condo

$540K

Est. $3,356/mo

468 Colorado Avenue

2bd / 1.5ba · 1,024 sqft · Condo

$450K

Est. $2,594/mo

465 Fourth Avenue

2bd / 2ba · 1,047 sqft · Condo

$500K

Est. $2,703/mo

376 Center St.

2bd / 2ba · 1,224 sqft · Condo

$485K

Est. $2,826/mo

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

Investment Score

54A

Est. Monthly Rent

$3,175

8 leases of 2–4 bed condos & townhomes within 1 mi · $2,809–$2,944

Blended 50/50 with the zip's market median ($3,529)

Monthly Cashflow

Rent − PITIA

-$869

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,037

What would make this work?

$2,037/mo short at 20% down; 76% down or +$2,645/mo rent closes it.

Break-even price: $259,685
Break-even rent: $5,820/mo
Cashflow at 35% down: −$1,490/mo
Down payment to break even: 76%
Rate to break even: Not reachable

Mortgage (P+I)

$2,916

Cap Rate

2.37%

Cash-on-Cash

-23.28%

DSCR

Need ≥ 1.25 for DSCR loan

0.79

NOI (Annual)

$12,457

Price-to-Rent

Lower = better for investors

13.8

* 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−$2,037/mo