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617 Third Ave #14

Btop 30%

Chula Vista, CA 91910

$450,000

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: -$1,993/mo full cashflow at 20% down, 7.43% rate.

Works at $190,393 (58% under asking), or at 84% down.

Rent $2,601/mo from 10 leases of 1–3 bed condos & townhomes within 1 mi ($2,545–$2,958).

Beds

Baths

Sqft

963

Year Built

1968

Days on Market

110

Property Type

Condo

HOA/mo

$540

MLS ID

PTP2605579

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

Virtual Tour

About This Property

Assume a VA loan at 5.875% and save hundreds a month compared with today's rates. This 2-bed, 2-bath, ground-floor end unit sits in a gated, VA-approved community in the heart of Chula Vista. It's move-in ready, with an open floor plan, oversized windows that bring in lots of natural light, newer vinyl flooring, ceiling fans throughout, and a spacious kitchen with stainless steel appliances. The rooms are a generous size and there's plenty of storage. Because it's an end unit, the community pool and laundry room are just steps from your door. You also get an assigned carport with a dedicated storage, plus guest parking. The $540/mo HOA covers water, trash, landscaping, the pool and the gated entry, and there's NO Mello-Roos. You are minutes from Third Avenue dining and shopping, with quick access to the 5 and 805. It's 6.2 miles to Navy Base Gate 32 and 7 miles to Imperial Beach. A great fit for first-time buyers, or for investors (Rent Zestimate ~$2,680/mo). Ask about the assumable loan details!

Mortgage Calculator

Est. Monthly Payment

$3,621

Principal & Interest$2,500

Property Tax$450

Insurance$131

HOA$540

Down Payment

%($90,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Hilltop Drive 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 found

This Property

$2,601

Comp Average

$2,592

467 Woodlawn Avenue

2bd / 2ba · 1,024 sqft · Condo

$400K

Est. $2,594/mo

378 Vance Street

2bd / 2ba · 892 sqft · Condo

$449K

Est. $2,524/mo

465 Fourth Avenue

2bd / 2ba · 1,047 sqft · Condo

$485K

Est. $2,700/mo

468 Colorado Avenue

2bd / 1.5ba · 1,024 sqft · Condo

$450K

Est. $2,593/mo

573 Park Way

2bd / 2ba · 980 sqft · Condo

$475K

Est. $2,550/mo

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

Investment Score

47B

Est. Monthly Rent

$2,601

10 leases of 1–3 bed condos & townhomes within 1 mi · $2,545–$2,958

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,020

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,993

What would make this work?

$1,993/mo short at 20% down; 84% down or +$2,589/mo rent closes it.

Break-even price: $190,393
Break-even rent: $5,190/mo
Cashflow at 35% down: −$1,524/mo
Down payment to break even: 84%
Rate to break even: Not reachable

Mortgage (P+I)

$2,500

Cap Rate

1.70%

Cash-on-Cash

-26.58%

DSCR

Need ≥ 1.25 for DSCR loan

0.72

NOI (Annual)

$7,642

Price-to-Rent

Lower = better for investors

14.4

* 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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BCashflow−$1,993/mo