1148 Third Ave Spc 97 · Chula Vista, CA 91911

$259,000

2 bd · 2.0 ba · 1,247 sqft · Manufactured public records · 3 Days on market

Built 2009 4.51 ac lot Est $228k · 13% 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 +26.5/30.0
• DSCR +9.0/10.0
• 1% rule +5.8/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• ARV discount +1.4/15.0
• Appreciation +0.0/10.0

Listing remarks

Your Dream Home Awaits in Chula Vista! Step into comfort and style at 1148 3rd Ave, Space 97 a stunning updated mobile home in an exclusive 55+ community! 2 Bedrooms + 1 Optional Bed | 2 Bathrooms 1,247 Sq Ft of Living Space Move-In Ready & Fully Updated Peaceful 55+ Park Setting Chula Vista, CA 91911 Whether you're downsizing or simply looking for a low-maintenance lifestyle, this gem checks all the boxes. Schedule your showing today!

Key facts

• 4.51 acre lot
• 2 parking spots
• Built 2009

Property features AI

Finance

• HOA & community: Community clubhouse; Located in the CHULA VISTA subdivision

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-story mobile home; Residential property
• Construction: Located in the Mountain View building; Part of a senior community
• Exterior features: Patio; Pets allowed with breed restrictions

Interior

• Bedrooms: 3 possible bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Central air conditioning; Forced air heating; Electric heating

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $259k.

Deal economics

• At list price, monthly cash flow is $685 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $259k).
• Cap rate 9.5% 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.
• Zoned schools: Lauderbach (J. Calvin) Elementary (747 students, 80% FRL); 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); 162 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 0d 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 41% 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 $8k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $259,000

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: 1.08% ✓
• Cap rate: 9.47%
• Cash-on-cash: 11.34%
• DSCR: 1.50
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $228,201
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1148 Third Ave #122	0.00mi	3/1.5 (+1)	1,230 (-1%)	14mo	$225,000	$183	79
1148 Third Ave Spc 95	0.05mi	3/2.0 (+1)	1,231 (-1%)	18mo	$230,000	$187	76
445 Orange Ave Unit 29	0.74mi	2/2.0	1,344 (+8%)	7mo	$180,000	$134	47
445 Orange Ave #56	0.71mi	2/2.0	1,365 (+10%)	13mo	$220,000	$161	40

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: -2.5%
• Equity multiple: 0.91×
• Total profit: $-6,673
• Equity at exit: $38,618

10-year hold

• IRR: 3.9%
• Equity multiple: 1.25×
• Total profit: $18,125
• Equity at exit: $22,394

Cash invested: $72,520 (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: 162
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,806 high
• Mortgage (P&I): −$1,358
• Tax from tax record: −$66 /mo · $787/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$589
• Net cashflow: $685

Break-even live

Break-even rent $1,939

Max offer price $259,000

Occupancy floor 71%

Sensitivity live

Price	-10% $832	-5% $758	+0% $685	+5% $612	+10% $539
Rent	-10% $463	-5% $574	+0% $685	+5% $796	+10% $907
Rate	-1.0pp $816	-0.5pp $751	base $685	+0.5pp $618	+1.0pp $550

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1145 Fourth Ave Chula Vista, CA	1.0	1.0	700	$1,945	$2.78	0d	1	0.18mi
1105 Fourth Ave Chula Vista, CA	1.0–2.0	1.0–2.0	848	$2,775	$3.27	0d	1	0.22mi
1067 Fourth Ave Chula Vista, CA	2.0	1.0–2.0	702	$2,855	$4.06	0d	1	0.25mi
1035 Fourth Ave Chula Vista, CA	2.0	2.0	910	$2,495	$2.74	19d	2	0.31mi
1240 Fourth Ave Chula Vista, CA	3.0	1.0	1000	$4,588	$4.59	4d	1	0.34mi
374 Moss St Unit 19 Chula Vista, CA	2.0	2.0	950	$2,390	$2.52	0d	1	0.40mi
930 3rd Ave Chula Vista, CA	2.0–3.0	2.0	1099	$2,906	$2.64	0d	3	0.44mi
495 Queen Anne Dr Unit 1 Chula Vista, CA	2.0	1.0	1000	$2,800	$2.80	4d	1	0.45mi
378 Moss St Unit 14 Chula Vista, CA	3.0	2.0	1100	$2,695	$2.45	0d	1	0.45mi
1311 Fourth Ave Chula Vista, CA	3.0	1.0–2.0	824	$3,245	$3.94	0d	8	0.46mi
128 Henry Ln Unit B Chula Vista, CA	2.0	1.0	1000	$2,100	$2.10	3d	1	0.49mi
172 Palomar St Chula Vista, CA	3.0	1.5	1152	$3,400	$2.95	11d	1	0.54mi
511 Wykes St Chula Vista, CA	2.0	1.0	1000	$2,650	$2.65	4d	1	0.58mi
1250 Fifth Ave Chula Vista, CA	2.0–3.0	2.0	1045	$2,500	$2.39	0d	4	0.60mi
1051 Broadway Unit 12 Chula Vista, CA	2.0	2.0	875	$2,475	$2.83	0d	1	0.68mi
1051 Broadway Unit 49 Chula Vista, CA	2.0	2.0	770	$2,225	$2.89	0d	1	0.68mi
1051 Broadway Unit 13 Chula Vista, CA	2.0	2.0	875	$2,325	$2.66	0d	1	0.68mi
1225 Broadway Chula Vista, CA	1.0–2.0	1.0–2.0	837	$2,672	$3.19	0d	10	0.69mi
240 Quintard St Chula Vista, CA	1.0–2.0	1.0	662	$2,400	$3.62	0d	4	0.70mi
307 Orange Ave Chula Vista, CA	1.0–2.0	1.0–2.0	662	$2,225	$3.36	0d	2	0.75mi
574 Moss St Chula Vista, CA	1.0–2.0	1.0	749	$2,740	$3.66	0d	1	0.77mi
1169 Hilltop Dr Chula Vista, CA	3.0	2.0	1120	$4,000	$3.57	4d	1	0.80mi
588 Arizona St Unit ARIZ-02 Chula Vista, CA	2.0	2.0	850	$2,375	$2.79	0d	1	0.83mi
330 K St Chula Vista, CA	1.0	1.0	750	$2,005	$2.67	0d	1	0.83mi
986 Broadway Unit 982-209 Chula Vista, CA	1.0	1.0	725	$2,595	$3.58	19d	1	0.84mi
986 Broadway Unit 982-313 Chula Vista, CA	2.0	2.0	1020	$2,995	$2.94	15d	1	0.84mi
986 Broadway Unit 982-314 Chula Vista, CA	2.0	2.0	1044	$3,295	$3.16	9d	1	0.84mi
986 Broadway Unit WAIT LIST 1x1 Chula Vista, CA	1.0	1.0	725	$2,595	$3.58	3d	1	0.84mi
986 Broadway Unit 982-202 UNFURNISHED Chula Vista, CA	2.0	2.0	1044	$3,095	$2.96	0d	1	0.84mi
615 Moss St Chula Vista, CA	2.0	2.0	800	$2,400	$3.00	0d	2	0.84mi
986 Broadway Chula Vista, CA	1.0	1.0	725	$2,695	$3.72	5d	1	0.85mi
986 Broadway Chula Vista, CA	2.0	2.0	1044	$3,195	$3.06	4d	1	0.85mi
986 Broadway Chula Vista, CA	2.0	2.0	1020	$3,295	$3.23	6d	1	0.85mi
310 K St Chula Vista, CA	2.0–3.0	2.0	969	$3,041	$3.14	0d	3	0.85mi
795 3rd Ave Chula Vista, CA	2.0	1.0–2.0	833	$3,915	$4.70	0d	26	0.89mi
369 K St Chula Vista, CA	2.0	1.5	950	$2,325	$2.45	0d	2	0.92mi
1038 Oaklawn Ave Chula Vista, CA	3.0	1.5	1044	$3,995	$3.83	0d	1	0.97mi
652 Moss St Chula Vista, CA	1.0–2.0	1.0–1.5	740	$2,395	$3.24	0d	3	0.98mi
317 Tremont St Unit 5 Chula Vista, CA	2.0	1.0	870	$2,295	$2.64	0d	1	1.01mi
71 E Palomar St Chula Vista, CA	3.0	2.0	1388	$3,500	$2.52	15d	1	1.02mi

Listing history 3 events

1. 2026-06-21
   days on market $259,000 Active 3 DOM
2. 2026-06-19
   remarks 441-char remark
3. 2026-06-19
   listed $259,000 Active 1 DOM

ⓘ 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: $787 · $66/mo
• Projected year-2 tax: $1,968 · $164/mo
• Expected delta: +$1,181/yr (+$98/mo · 150.1%)

ⓘ 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 7 d/yr ≥87°F today · 20 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: $33,674
• − Mortgage interest: −$14,508
• − Property taxes: −$787
• − Insurance: −$1,295
• − Repairs & maintenance: −$2,694
• − Management: −$2,694
• − Depreciation: −$7,535
• Taxable income: $4,161
• Est. tax owed @ 24.0%: −$999
• After-tax cash flow: $7,223/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

1 event — show timeline

• 2026-06-18 Listed $259,000 SDMLS

Property tax history

+2.4%/yr

Latest (2013): $787 · +4.0% YoY. Source: county tax records.