Residential Income Property with
For Sale
$155,000
219-1425 2nd Ave, Chula Vista, CA 91910
Two-bedroom manufactured home with community amenities, assigned parking, and a covered outdoor living area.
Property Size770 SF
Price / SF$201.30
Days on Market16
Property Features for 219-1425 2nd Ave
General Information
Standard status
Active
Size
770 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
central air conditioning
interior laundry
covered porch
storage shed
gated
pool
clubhouse
shuffleboard
Building Details
Construction
manufactured
Listing Agency:
USAFC Realty
(619) 646-8009
Listed By:
Brenda Pineda · License #02152709
(619) 646-8009
Source:
Exprealty
Added: Aug 5
Changed: Aug 18
Last Checked: Aug 20 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of USAFC Realty
Investment Insights
Based on property information with market context.
This 770-square-foot manufactured home offers two bedrooms and one bathroom within a 55/35 senior community. The interior includes an open living and kitchen area, vaulted ceilings, split-bedroom arrangement, central air conditioning, interior laundry, and substantial cabinet storage. A covered porch, storage shed, and two assigned parking spaces add practical utility.
Community amenities at Palace Garden include a pool, clubhouse, and shuffleboard, along with social activities held throughout the year. The gated community is pet-friendly and located in Chula Vista, California, at 219-1425 2nd Ave.
Community amenities at Palace Garden include a pool, clubhouse, and shuffleboard, along with social activities held throughout the year. The gated community is pet-friendly and located in Chula Vista, California, at 219-1425 2nd Ave.
Key Highlights
- 770‑square‑foot manufactured home with 2 bedrooms and 1 bathroom
- Located in a gated 55/35 senior community
- Open living and kitchen area with vaulted ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,340
$246.3K
Cap Rate 7%
$175,957
$176.0K
Cap Rate 9%
$136,856
$136.9K
Market Conditions
NOI Build-Up for 770 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.4K $30.36/SF
− Vacancy
−$982 −$1.28/SF
EGI
$22.4K $29.08/SF
− OpEx
−$10.1K −$13.09/SF
NOI
$12.3K $16.00/SF
Area
Chula Vista, CA
Vacancy
4.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,340
Cap Rate 7%
$175,957
Cap Rate 9%
$136,856
Alternative Uses
Best Use
Apartment 5plus
$176.0K
$154.0K – $205.3K
NOI $12,317 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.6K
$214.9K – $286.5K
NOI $17,191 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
Explore this area
Business Placement
Demographics for 91910, CA
79,613
Population
28,432
Households
2.8
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
12.6 sq mi
ZIP Area
6,318
Density / Sq Mi
$87,705
Median Household Income
$45,476
Median Earnings
$1,930
Median Rent
$676,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom manufactured home with community amenities, assigned parking, and a covered outdoor living area.
Where is this residential income property located?
The property is located at 219-1425 2nd Ave Chula Vista, CA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 770‑square‑foot manufactured home with 2 bedrooms and 1 bathroom; Located in a gated 55/35 senior community; Open living and kitchen area with vaulted ceilings
