
1035 Spruce
Dbottom 20%San Diego, CA 92103
One license per person in San Diego: whether you can hold it depends on you, not only the home.
111 licensed short-term rentals within ½ mile (73 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$13,631/mo full cashflow at 20% down, 7.36% rate.
Works at $691,341 (72% under asking), or at all cash.
Rent $6,862/mo from 9 leases of 2–4 bed houses within 0.5 mi ($6,144–$7,289).
Beds
3
Baths
3.5
Sqft
2,396
Year Built
2024
Days on Market
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
OC26207489
This property is in San Diego (92103). View neighborhood stats →
About This Property
Welcome to one of San Diego's most desirable neighborhoods, South Mission Hills! Enjoy the close proximity to vibrant Little Italy, eclectic Hillcrest, and Bankers Hill/Balboa Park! All this from your very own four-story, three bedroom plus a dedicated den/office , modern, custom-built home. Enjoy nearly 2400 SF of luxury coastal living at its best! Your hilltop residence built in 2024 includes an expansive 4th-floor rooftop entertainment space for twilight alfresco dining! The built-in grill, sink and refrigerator provide a rooftop experience like non other, enjoy sitting by your custom modern gas firepit and gaze at the bay by day and city lights by night. The expansive entertainment space includes two pergolas and plenty of seating for enjoying evening cocktails with friends and family! The 3rd level main living area includes a seamless kitchen with a quartz counter island and a backsplash extending to the ceiling, the paneled refrigerator and dishwasher create a high-end, seamless look! Walk into your custom pantry, where an additional refrigerator and freezer provide extra space besides the endless kitchen cabinet space! Enjoy evenings with a large built-in tv and luxurious multi-color fireplace for a relaxing evening. The Juliet balcony will provide a breath of fresh air on demand! The 2nd floor includes three bedrooms, including a luxurious master ensuite with its own open special custom closet area. The 1st floor includes a den or office space which opens up with bifold glass doors to a beautiful green garden! Ambeint lighting throughout the various levels provide a relaxed evening atmosphere, including under rail Led stairway lighting throughout the home for a subtle modern feel. Professional design with high end finishes throughout! No expense has been spared with this rare modern hilltop beauty! Watch ships by day and city lights by night! All this and endless sea breezes all day long! Schedule your private showing today.
Mortgage Calculator
Est. Monthly Payment
$16,852
Location
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Zoned Schools
Elementary
Grant K-8 · grades K-8 · San Diego Unified
Middle
Correia Middle · grades 7-8 · San Diego Unified
or Roosevelt International Middle · grades 6-8 · San Diego Unified
Choice area: the district lets families here pick either school.
High
San Diego High · grades 9-12 · San Diego Unified
or Point Loma High · grades 9-12 · San Diego Unified
Choice area: the district lets families here pick either school.
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$6,862
Comp Average
$6,175
3784 8th Ave
4bd / 3.5ba · 2,791 sqft · Single Family
$2.45M
Est. $7,263/mo

3580 Union St.
3bd / 2.5ba · 2,706 sqft · Single Family
$2.15M
Est. $6,165/mo
1032 Pennsylvania Avenue
3bd / 4ba · 2,248 sqft · Single Family
$2.00M
Est. $5,382/mo
1034 Pennsylvania Avenue
3bd / 4ba · 2,248 sqft · Single Family
$2.05M
Est. $5,382/mo
4301 Hawk St
4bd / 3.5ba · 2,500 sqft · Single Family
$2.75M
Est. $6,681/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2–4 bed houses within 0.5 mi · $6,144–$7,289
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$13,631/mo short at 20% down; 100% down or +$17,702/mo rent closes it.
- Break-even price
- $691,341
- Break-even rent
- $24,564/mo
- Cashflow at 35% down
- −$11,071/mo
- Down payment to break even
- 100%
- Rate to break even
- Not reachable
72% under asking
$17,702/mo above the estimate
$2,475,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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