1425 Second Ave #37 · Chula Vista, CA 91911

$240,000

3 bd · 2.0 ba · 1,154 sqft · Manufactured public records · 162 Days on market

Built 2003 24 ac lot Est $204k · 17% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully maintained 3 bedroom, 2 full bath manufactured home nestled in the heart of Chula Vista with new water proof laminate flooring and recent master bathroom upgrades and walk in shower. This home has been well cared for and it shows! You will love the location close to shopping, freeways, schools, SD/MX border and light drive to downtown San Diego. Carport fits two vehicles comfortaby and there is a storage shed already on site. Quiet location with laundry, pool and special events on site. Buyers must submit application for approval by office management. Space rental fee is $1240/month. 55+ community.

Key facts

• Storage shed
• Laundry on site
• Walk in shower

Tags

• WATER PROOF LAMINATE FLOORING
• MASTER BATHROOM UPGRADES
• WALK IN SHOWER
• CARPORT FITS TWO VEHICLES
• STORAGE SHED
• LAUNDRY ON SITE

Property features AI

Finance

• Other: Rent (land lease) includes gardener, gas, electric, water, sewer, trash, pool and all utilities
• Financial info: Land lease applies
• HOA & community: Senior community; Park name: Palace Garden Mobile Home Park; Community features include biking, sidewalks and urban setting; Manager approval required; Pets allowed (dogs and cats)

Exterior

• Parking: 3 parking spaces total; 2 covered carport spaces (attached carport); 1 uncovered space; On-site parking with asphalt driveway and built-in storage
• Utilities: Public sewer
• Home design: Mobile home (20' x 59') — mobile home remains on site; Single-story; North-facing; Raised foundation; Lot is level/flat and landscaped; Near public transit and park; close to clubhouse; front and back yard; garden
• Construction: Raised foundation
• Exterior features: Covered front porch; Awning; Balcony; In-ground community pool; Shed

Interior

• Kitchen: Free standing gas range; Dishwasher; Gas water heater
• Bedrooms: All bedrooms on main level
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Wall/window cooling
• Interior features: Front entry; One-level living; Updated / remodeled condition; Primary bedroom; Living room; Entry; Primary bathroom
• Laundry & utility: Indoor laundry area

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $240k.

Deal economics

• At list price, monthly cash flow is $984 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $211k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.2% 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.
• Zoned schools: Castle Park Middle (math 26% / reading 27%, grade F, #252 of 498 statewide, top 51%, 724 students, 80% FRL); Castle Park Senior High (math 30% / reading 56%, grade F, #460 of 1,170 statewide, top 40%, 1,433 students, 81% FRL) — zoned schools average 80% FRL vs 53% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-2.6%/yr); 159 active listings in the ZIP; 30 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 45% 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 $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $67k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 162 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $211,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 162 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.28% ✓
• Cap rate: 11.21%
• Cash-on-cash: 17.58%
• DSCR: 1.78
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $204,258
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1425 2nd Ave #88	0.00mi	2/2.0 (-1)	1,120 (-3%)	8mo	$174,000	$155	84
121 Orange Ave Spc 32	0.29mi	3/2.0	1,139 (-1%)	8mo	$185,000	$162	77
1425 Second Ave #156	0.05mi	2/2.0 (-1)	1,101 (-5%)	11mo	$195,000	$177	76
1425 2nd Ave #150	0.00mi	2/2.0 (-1)	1,018 (-12%)	0mo	$242,000	$238	75
1425 2nd Ave #15	0.05mi	3/2.0	1,238 (+7%)	18mo	$260,000	$210	71
1425 ST 2nd Ave	0.11mi	2/2.0 (-1)	1,000 (-13%)	2mo	$145,000	$145	66
1425 2nd Ave #27	0.05mi	3/2.0	1,020 (-12%)	16mo	$230,719	$226	65
1500 3rd Ave #76	0.48mi	3/2.0	1,200 (+4%)	11mo	$185,000	$154	62
121 Orange #6	0.29mi	2/2.0 (-1)	1,250 (+8%)	8mo	$230,000	$184	61
1500 Third Ave #88	0.48mi	3/2.0	1,198 (+4%)	14mo	$249,900	$209	60
121 Orange Ave Spc 75	0.29mi	3/2.0	1,027 (-11%)	14mo	$150,000	$146	56
444 Anita St #55	0.71mi	2/2.0 (-1)	1,022 (-11%)	11mo	$153,000	$150	34

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: 5.8%
• Equity multiple: 1.22×
• Total profit: $14,700
• Equity at exit: $35,785

10-year hold

• IRR: 12.6%
• Equity multiple: 1.87×
• Total profit: $58,349
• Equity at exit: $20,751

Cash invested: $67,200 (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: 6.5×

Monthly cashflow live

• Estimated rent: $3,075 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$86 /mo · $1,038/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$646
• Net cashflow: $984

Break-even live

Break-even rent $1,829

Max offer price $240,000

Occupancy floor 63%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
240 Quintard St Chula Vista, CA	1.0–2.0	1.0	662	$2,400	$3.62	1d	4	0.19mi
172 Palomar St Chula Vista, CA	3.0	1.5	1152	$3,400	$2.95	10d	1	0.36mi
307 Orange Ave Chula Vista, CA	1.0–2.0	1.0–2.0	662	$2,225	$3.36	1d	2	0.42mi
317 Tremont St Unit 5 Chula Vista, CA	2.0	1.0	870	$2,295	$2.64	1d	1	0.52mi
128 Henry Ln Unit B Chula Vista, CA	2.0	1.0	1000	$2,100	$2.10	1d	1	0.59mi
1311 Fourth Ave Chula Vista, CA	3.0	1.0–2.0	824	$3,840	$4.66	1d	9	0.65mi
393 Montgomery St Unit 4 Chula Vista, CA	2.0	1.0	757	$2,095	$2.77	10d	1	0.71mi
71 E Palomar St Chula Vista, CA	3.0	2.0	1388	$3,500	$2.52	13d	1	0.72mi
1240 Fourth Ave Chula Vista, CA	3.0	1.0	1000	$4,588	$4.59	2d	1	0.80mi
3865 Main St Chula Vista, CA	2.0	2.0	741	$2,950	$3.98	14d	1	0.82mi
1169 Hilltop Dr Chula Vista, CA	3.0	2.0	1120	$4,000	$3.57	2d	1	0.84mi
3875 Main St Chula Vista, CA	1.0–2.0	1.0–2.0	813	$2,950	$3.63	1d	9	0.84mi
156 Date St Chula Vista, CA	4.0	1.5	1324	$3,480	$2.63	1d	1	0.88mi
156 Date St Chula Vista, CA	4.0	1.5	1324	$3,480	$2.63	14d	1	0.88mi
128 E Orlando St Chula Vista, CA	2.0	1.0	750	$2,300	$3.07	1d	1	0.90mi
217 Date St Unit B Chula Vista, CA	3.0	2.5	1228	$3,500	$2.85	2d	1	0.95mi
1105 Fourth Ave Chula Vista, CA	1.0–2.0	1.0–2.0	848	$2,775	$3.27	1d	1	1.03mi
1250 Fifth Ave Chula Vista, CA	2.0–3.0	2.0	1045	$2,900	$2.78	1d	4	1.03mi
495 Queen Anne Dr Unit 1 Chula Vista, CA	2.0	1.0	1000	$2,800	$2.80	2d	1	1.07mi
1067 Fourth Ave Chula Vista, CA	2.0	1.0–2.0	702	$2,855	$4.06	1d	1	1.10mi
1649 Marl Ave Unit 1 Chula Vista, CA	2.0	1.0	750	$2,500	$3.33	1d	1	1.12mi
1649 Marl Ave Unit 2 Chula Vista, CA	2.0	2.0	750	$2,750	$3.67	1d	1	1.12mi
1225 Broadway Chula Vista, CA	1.0–2.0	1.0–2.0	837	$2,701	$3.23	1d	12	1.15mi
1035 Fourth Ave Chula Vista, CA	2.0	2.0	910	$2,495	$2.74	17d	2	1.16mi
930 3rd Ave Chula Vista, CA	2.0–3.0	2.0	1099	$3,556	$3.23	1d	4	1.26mi
1110 Melrose Ave Chula Vista, CA	3.0	2.0	1461	$4,395	$3.01	2d	1	1.34mi
1727 Melrose Ave #35 Chula Vista, CA	2.0	2.0	1225	$2,750	$2.24	19d	1	1.36mi
511 Wykes St Chula Vista, CA	2.0	1.0	1000	$2,650	$2.65	2d	1	1.37mi
1051 Broadway Unit 49 Chula Vista, CA	2.0	2.0	770	$2,225	$2.89	1d	1	1.42mi
1051 Broadway Unit 13 Chula Vista, CA	2.0	2.0	875	$2,325	$2.66	1d	1	1.42mi

Listing history 24 events

1. 2026-06-18
   days on market $240,000 Active 162 DOM
2. 2026-06-17
   days on market $240,000 Active 161 DOM
3. 2026-06-16
   days on market $240,000 Active 160 DOM
4. 2026-06-15
   days on market $240,000 Active 159 DOM
5. 2026-06-13
   days on market $240,000 Active 157 DOM
6. 2026-06-13
   days on market $240,000 Active 156 DOM
7. 2026-06-09
   days on market $240,000 Active 153 DOM
8. 2026-06-08
   days on market $240,000 Active 152 DOM
9. 2026-06-07
   days on market $240,000 Active 151 DOM
10. 2026-06-04
    days on market $240,000 Active 148 DOM
11. 2026-06-03
    days on market $240,000 Active 147 DOM
12. 2026-06-02
    days on market $240,000 Active 146 DOM
13. 2026-06-01
    days on market $240,000 Active 145 DOM
14. 2026-05-31
    days on market $240,000 Active 144 DOM
15. 2026-05-08
    price $240,000
16. 2026-01-21
    status Active
17. 2026-01-21
    status Pending Sale
18. 2025-03-30
    historical
19. 2025-01-01
    listed $260,000 Active
20. 2024-10-05
    listed $260,000 Active
21. 2024-09-01
    historical
22. 2024-07-13
    price $260,000
23. 2024-02-22
    price $285,000
24. 2023-12-01
    listed $285,000,000 Active

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

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $1,038 · $86/mo
• Projected year-2 tax: $1,824 · $152/mo
• Expected delta: +$786/yr (+$66/mo · 75.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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: $36,901
• − Mortgage interest: −$13,444
• − Property taxes: −$1,038
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,952
• − Management: −$2,952
• − Depreciation: −$6,982
• Taxable income: $8,334
• Est. tax owed @ 24.0%: −$2,000
• After-tax cash flow: $9,811/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

-99.9% since first listed

10 events — show timeline

• 2026-05-08 Price Changed $240,000 CRMLS
• 2026-01-21 Relisted — CRMLS
• 2026-01-21 Pending — CRMLS
• 2025-03-30 Listing Removed — CRMLS
• 2025-01-01 Listed $260,000 CRMLS
• 2024-10-05 Listed $260,000 CRMLS
• 2024-09-01 Listing Removed — CRMLS
• 2024-07-13 Price Changed $260,000 CRMLS
• 2024-02-22 Price Changed $285,000 CRMLS
• 2023-12-01 Listed $285,000,000 CRMLS

Property tax history

+2.6%/yr

Latest (2013): $1,038 · +3.9% YoY. Source: county tax records.