1425 2nd Ave #140 · Chula Vista, CA 91911

$189,900

2 bd · 2.0 ba · 960 sqft · Manufactured · 2 Days on market

Built 2017 Est $170k · 12% over

---

Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• ARV discount +2.2/15.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 2 bedroom 2 bath manufactured home in one of the best 55+/35 parks in Chula Vista. This home has a huge open floor plan with tons of room to entertain. The master bedroom features plenty of closet space and great master bath. This home has upgraded with Central AC and has energy efficient appliances. Amenities included in park: Community Pool, Clubhouse, Beautiful trees, laundry facilities and billiard room & a Car wash area. all utilities are paid separately. Park fee and contact info on listing info.

Key facts

• Central ac
• Laundry facilities
• Open floor plan

Tags

• OPEN FLOOR PLAN
• CENTRAL AC
• ENERGY EFFICIENT APPLIANCES
• COMMUNITY POOL
• CLUBHOUSE
• LAUNDRY FACILITIES

Property features AI

Finance

• Other: Manager approval required for tenancy; Pets allowed with size, number and breed restrictions
• Financial info: Monthly land lease of $1,290 (park-managed); Land lease applies
• HOA & community: Senior community; Park name: Palace Garden Park; Community located in a valley

Exterior

• Parking: Paved parking
• Utilities: Public sewer; District/public water; Natural gas available; Electricity available; Cable available
• Home design: Single-story mobile home; Mobile home remains on site; Entry level 1; Mobile dimensions approximately 48' x 20'
• Construction: Pillar/post/pier foundation
• Exterior features: Shingle roof; Storage building on property; Wood skirt; Community pool

Interior

• Kitchen: Microwave; Refrigerator; Gas range; Dishwasher
• Flooring: Vinyl flooring; Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (furnace); Central cooling
• Interior features: Community spa; Double-pane windows with blinds; Entry on main level
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $661 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Cap rate 10.5% vs local median 2.7% in Chula Vista — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#127 in CA, #4,345 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: health & safety C-, cost of living F.
• Sweetwater Union High (suburban): math 36% / reading 52% proficiency, ranked #187 of 517 in CA (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.6%/yr); 159 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 11,759 units permitted in San Diego County in 2024 (7,244 in 5+ unit buildings).
• This rent runs 36% of the median local income ($82k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• San Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $189,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 10.47%
• Cash-on-cash: 14.91%
• DSCR: 1.66
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $169,920
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1425 ST 2nd Ave	0.06mi	2/2.0	1,000 (+4%)	2mo	$145,000	$145	89
1425 2nd Ave #150	0.05mi	2/2.0	1,018 (+6%)	0mo	$242,000	$238	87
1425 2nd Ave #140	0.00mi	2/2.0	960 (0%)	19mo	$175,000	$182	84
1425 2nd #324	0.15mi	2/2.0	960 (0%)	14mo	$169,000	$176	81
1425 2nd Ave #146	0.00mi	3/2.0 (+1)	960 (0%)	18mo	$185,000	$193	80
1425 2nd Ave #27	0.00mi	3/2.0 (+1)	1,020 (+6%)	16mo	$230,719	$226	71
1425 2nd Ave #183	0.00mi	2/2.0	1,040 (+8%)	18mo	$162,000	$156	71
1425 Second Ave #156	0.00mi	2/2.0	1,101 (+15%)	11mo	$195,000	$177	67
121 Orange Ave Spc 75	0.28mi	3/2.0 (+1)	1,027 (+7%)	14mo	$150,000	$146	59
368 Anita St Spc 96	0.59mi	2/2.0	1,100 (+15%)	19mo	$125,000	$114	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 2.0%
• Equity multiple: 1.08×
• Total profit: $4,030
• Equity at exit: $28,315

10-year hold

• IRR: 8.4%
• Equity multiple: 1.56×
• Total profit: $29,565
• Equity at exit: $16,419

Cash invested: $53,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 91911

• Rents YoY: -2.6%
• Active inventory: 159
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,498 high
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,848/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $661

Break-even live

Break-even rent $1,661

Max offer price $189,900

Occupancy floor 69%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
210 Quintard St Chula Vista, CA	1.0	1.0	685	$1,785	$2.61	2d	2	0.19mi
1440 Second Ave Chula Vista, CA	1.0	1.0	603	$2,210	$3.67	2d	1	0.22mi
240 Quintard St Chula Vista, CA	1.0–2.0	1.0	662	$2,400	$3.62	2d	4	0.25mi
1487 Hilltop Dr Chula Vista, CA	2.0	2.0	680	$2,399	$3.53	2d	1	0.46mi
307 Orange Ave Chula Vista, CA	1.0–2.0	1.0–2.0	662	$2,225	$3.36	2d	2	0.50mi
128 Henry Ln Unit B Chula Vista, CA	2.0	1.0	1000	$2,100	$2.10	2d	1	0.54mi
236 Kennedy St Unit 13 Chula Vista, CA	1.0	1.0	625	$1,950	$3.12	2d	1	0.56mi
317 Tremont St Unit 5 Chula Vista, CA	2.0	1.0	870	$2,295	$2.64	2d	1	0.61mi
1311 Fourth Ave Chula Vista, CA	3.0	1.0–2.0	824	$3,292	$3.99	2d	9	0.69mi
1169 Hilltop Dr Chula Vista, CA	3.0	2.0	1120	$4,000	$3.57	3d	1	0.76mi
393 Montgomery St Unit 4 Chula Vista, CA	2.0	1.0	757	$2,095	$2.77	10d	1	0.80mi
128 E Orlando St Chula Vista, CA	2.0	1.0	750	$2,300	$3.07	2d	1	0.81mi
3865 Main St Chula Vista, CA	2.0	2.0	741	$2,950	$3.98	15d	1	0.83mi
1240 Fourth Ave Chula Vista, CA	3.0	1.0	1000	$4,588	$4.59	3d	1	0.83mi
3875 Main St Chula Vista, CA	1.0–2.0	1.0–2.0	813	$2,950	$3.63	2d	9	0.87mi
1145 Fourth Ave Chula Vista, CA	1.0	1.0	700	$1,945	$2.78	2d	1	0.95mi
1051 Del Mar Ave Chula Vista, CA	1.0	1.0	600	$1,895	$3.16	2d	3	1.02mi
1105 Fourth Ave Chula Vista, CA	1.0–2.0	1.0–2.0	848	$2,775	$3.27	2d	1	1.04mi
2847 Main St Chula Vista, CA	1.0	1.0	600	$1,495	$2.49	22d	1	1.06mi
1250 Fifth Ave Chula Vista, CA	2.0–3.0	2.0	1045	$2,500	$2.39	2d	4	1.08mi
528 Anita St #59 Chula Vista, CA	1.0	1.0	636	$2,000	$3.14	2d	1	1.08mi
248 E Olympia St Chula Vista, CA	2.0	1.0	650	$2,650	$4.08	2d	1	1.08mi
1649 Marl Ave Unit 2 Chula Vista, CA	2.0	2.0	750	$2,750	$3.67	2d	1	1.09mi
1649 Marl Ave Unit 1 Chula Vista, CA	2.0	1.0	750	$2,500	$3.33	2d	1	1.09mi
1067 Fourth Ave Chula Vista, CA	2.0	1.0–2.0	702	$2,855	$4.06	2d	1	1.09mi
495 Queen Anne Dr Unit 1 Chula Vista, CA	2.0	1.0	1000	$2,800	$2.80	3d	1	1.10mi
1035 Fourth Ave Chula Vista, CA	2.0	2.0	910	$2,495	$2.74	17d	2	1.16mi
555 Oxford St Chula Vista, CA	1.0–2.0	1.0	579	$2,362	$4.08	2d	1	1.17mi
368 Palm Ave Chula Vista, CA	2.0	1.0	600	$2,600	$4.33	2d	1	1.17mi
1225 Broadway Chula Vista, CA	1.0–2.0	1.0–2.0	837	$2,701	$3.23	2d	12	1.20mi
1486 Broadway Chula Vista, CA	1.0	1.0	605	$1,995	$3.30	2d	1	1.20mi
930 3rd Ave Chula Vista, CA	2.0–3.0	2.0	1099	$2,801	$2.55	2d	4	1.24mi
520 Naples St Chula Vista, CA	1.0	1.0	625	$1,925	$3.08	2d	4	1.31mi
540 Naples St Chula Vista, CA	1.0	1.0	650	$1,850	$2.85	2d	1	1.34mi
1055 Granjas Rd Chula Vista, CA	1.0	1.0	550	$1,795	$3.26	2d	2	1.38mi
511 Wykes St Chula Vista, CA	2.0	1.0	1000	$2,650	$2.65	3d	1	1.39mi
3727 Byrd St San Diego, CA	2.0	1.0	600	$2,400	$4.00	2d	1	1.39mi
1051 Broadway Unit 49 Chula Vista, CA	2.0	2.0	770	$2,225	$2.89	2d	1	1.44mi
1051 Broadway Unit 17 Chula Vista, CA	1.0	1.0	602	$2,095	$3.48	2d	1	1.44mi
1051 Broadway Unit 13 Chula Vista, CA	2.0	2.0	875	$2,325	$2.66	2d	1	1.44mi

Listing history 3 events

1. 2026-06-18
   days on market $189,900 Active 2 DOM
2. 2026-06-17
   remarks 491-char remark
3. 2026-06-17
   listed $189,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 6 d/yr ≥86°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,971
• − Mortgage interest: −$10,637
• − Property taxes: −$2,848
• − Insurance: −$950
• − Repairs & maintenance: −$2,398
• − Management: −$2,398
• − Depreciation: −$5,524
• Taxable income: $5,216
• Est. tax owed @ 24.0%: −$1,252
• After-tax cash flow: $6,677/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Sweetwater Union High
• NCES district ID: 0638640
• Math proficiency: 36% ▲ 3.00%
• Reading proficiency: 52% ▼ -2.00%
• Median HH income: $59,051
• Composite: 38.61/100
• National rank: #4158
• State rank: #187 of 517 in CA

Livability — Chula Vista

• Score: 75/100
• State rank: #127
• US rank: #4345

Category grades

Amenities A+ Commute A+ Cost of living F Crime C Employment A+ Housing B+ Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chula Vista, CA
• County: San Diego County · 3,178,799 people
• City population: 255,708
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 85,542
• Household income: $82,350
• Rent vs Own: 47.9% rent · 52.1% own
• Severe rent burden: 3751.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 34% White 12% Asian 7% Black 4% Native American 1%
• Hispanic origin (detail): Mexican 71%
• Common ancestry: Italian 1% Lithuanian 1%
• Foreign-born: 32% · Canada, South Korea, Dominican Republic
• Languages at home: 35% English-only · Spanish 59% Tagalog/Filipino 3% Other Asian/Pacific 1%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -669.25%
• Current HPI: 413.8287
• Rent YoY: ▼ -2.56%
• Metro: San Diego-Chula Vista-Carlsbad, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+6.1% since first listed

5 events — show timeline

• 2026-06-16 Listed $189,900 CRMLS
• 2024-11-08 Sold (MLS) $175,000 CRMLS
• 2024-10-18 Contingent — CRMLS
• 2024-10-10 Price Changed $175,000 CRMLS
• 2024-08-06 Listed $179,000 CRMLS