Eastlake PROPERTY MANAGEMENt

ABOUT Eastlake

Eastlake is a small subdivision within the larger city of Chula Vista. It's a popular location for families, as there are a number of good schools in the area and plenty of 2+ bedroom homes. It's also a hot spot for military personnel due to the nearby base. The area is very suburban, filled with plenty of strip malls, parks, and restaurants. 

Eastlake Home Prices 

These are the year to date stats as of April 2021. For monthly stats, visit the San Diego Association of Realtors website

  • 91913 Eastlake Single Family Homes: $760,000
  • 91913 Eastlake Condos: $495,000

Rental Rates in Eastlake

  • Newer construction so a little more costly then Chula Vista proper
  • Fewer detached homes
  • One bedrooms around $1800/mo
  • Two bedroom townhouses around $2400-$2600/mo with new construction renting for higher 
  • 3+ bedroom townhouses renting for upwards of $3000/mo

Pros of Investing in Eastlake

Eastlake (often interchangeably called Otay Ranch, which sits a bit further southeast) is a large neighborhood of Chula Vista that is mostly composed of families. Highly rated schools and a large military presence makes for short days on market and top-of-market rental rates. Any and all shopping one could desire is available in one of the many large shopping centers in Eastlake.

Cons of Investing in Eastlake

Eastlake can feel like a bit of an island due to its distance from San Diego. Commuters may have to pay for the toll road on highway 125 if heading northward and returning south home. Though most homes are not more than a couple of decades old (leading to less maintenance costs in general), the architecture can feel a bit cookie-cutter and bland. The homes may lack the character of North Park Craftsmans, but they still always rent very quickly.

Sample Deal in Eastlake

1403 Normandy Drive - Full Deal Report 

  • $550,000 purchase price ($176,000 cash needed)
  • -$517 cash flow per month
  • 2.5% cap rate 
  • -3.5% COC

Good Life has experience renting in the Belleme community and can speak to its incredible popularity--multiple apps are always received almost as soon as the listing goes live! This 3B/2.5BA townhouse has more of a detached home feel with the front yard and bright rooms. A two car garage is very attractive for a renter and the low HOA fees at just $210 are attractive for the investor!

**Disclaimer: Keep in mind that when we analyze potential rental properties, we are very conservative in our numbers. We use an average market rent and account for all property expenses like maintenance, capital expenditures, vacancy, and management fees. Expenses are also estimated on the higher end. In reality you should see the rental properties performing slightly better than analyzed. We prefer to be pleasantly surprised rather than disappointed with property performance!**

What to avoid in Eastlake Neighborhoods

When choosing where to buy your investment property, you should be on the lookout for a few things. These things can be a red flag for the kind of area you want to avoid. 

  • Trash in the front or backyard 
  • Vandalism nearby (graffiti, damaged property, etc.) 
  • Multiple vacant homes close by 
  • Poor street light; street feels unsafe
  • Backs up or is close to a major highway or freeway 
  • Foundation issues 

Eastlake Property Management

Good Life Property Management has become experts in Eastlake property management over the last 8 years. As a result, we know how to effectively market and manage your Eastlake home. We find that days on market are average when compared to other areas and vacancy is about average as well. Eastlake property management can be challenging, but doesn’t have to be with Good Life.

Schedule a Call