74 L Street
Btop 30%Chula Vista, CA 91911
Pass at asking: -$2,761/mo full cashflow at 20% down, 7.43% rate.
Works at $365,373 (50% under asking), or at 75% down.
Rent $3,645/mo from 13 leases of 3-bed houses within 2 mi ($3,494–$3,650).
Beds
3
Baths
2
Sqft
1,406
Year Built
1960
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608255
This property is in Chula Vista (91911). Browse neighborhood analytics →
About This Property
West Chula Vista, Mid-century modern home. This home has never been on the market! Original owner. Great home to DIY! Bring your imagination and your paint brush. This is a Trustee sale. Carport for 2-cars plus a huge concrete area for many more cars or RV/Boat parking. Home is close to San Diego Country Club, Cook Elementary and all that Downtown Chula Vista has to offer, Close to the new Gaylord Convention Center. This home had almost all the windows replaced with vinyl dual-pane windows. Large kitchen with granite counters and stainless appliances. 3rd Bedroom had the wall removed and is now a living area, wall can easily be put back up. Dual fireplace in the family room and kitchen. Solar tubes in the kitchen for added light, laundry room off the kitchen. Vinyl fencing throughout the entire property. This is a great project and price for someone willing to put in the sweat equity.
Mortgage Calculator
Est. Monthly Payment
$4,964
Location
Loading map...
Renovation math
Flagged Light Value-Add from the listing remarks — “sweat equity”.
- Asking now
- $725K
- Worth finished
- $851K
- Budget to renovate
- $126,174
$516/sqft
$605/sqft × 1,406 sqft
$90/sqft to spend
Comparable finished homes nearby suggest this is worth $851K once it's brought to par — about $126,174 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $3,605/mo
- Cashflow at that rent
- −$2,792/mo
$2.56/sqft × 1,406 sqft, median of 5 comps
cap rate 2.34%, DSCR 0.73
Heads up: the rent estimate elsewhere on this page ($3,645/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $3,605/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$3,645
Comp Average
$3,696
1109 Nolan Avenue
3bd / 2ba · 1,461 sqft · Single Family
$795K
Est. $3,746/mo
855 Jefferson Avenue
3bd / 2ba · 1,403 sqft · Single Family
$789K
Est. $3,558/mo
505 Timber Street
3bd / 2ba · 1,322 sqft · Single Family
$840K
Est. $3,607/mo
451 Montcalm St
3bd / 2ba · 1,416 sqft · Single Family
$899K
Est. $3,788/mo
485 Montcalm St
3bd / 2ba · 1,485 sqft · Single Family
$899K
Est. $3,779/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 3-bed houses within 2 mi · $3,494–$3,650
Blended 50/50 with the zip's market median ($3,766)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,761/mo short at 20% down; 75% down or +$3,586/mo rent closes it.
- Break-even price
- $365,373
- Break-even rent
- $7,231/mo
- Cashflow at 35% down
- −$2,006/mo
- Down payment to break even
- 75%
- Rate to break even
- Not reachable
50% under asking
$3,586/mo above the estimate
$543,750 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.
Open Full Calculator