10365 Azuaga Street

10365 Azuaga Street

Btop 30%

Rancho Peñasquitos, CA 92129

$495,000
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

4 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 48-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$2,098/mo full cashflow at 20% down, 7.49% rate.

Works at $222,924 (55% under asking), or at 81% down.

Rent $2,785/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,628–$2,851).

Beds

2

Baths

2

Sqft

881

Year Built

1991

Days on Market

0

Property Type

Condo

HOA/mo

$425

MLS ID

NDP2609972

This property is in Rancho Peñasquitos (92129). View neighborhood stats →

Virtual Tour

About This Property

Priced with opportunity in mind, this is one you won't want to miss. Come see it before someone else calls it home! Don't miss this opportunity to own in one of San Diego’s most desirable neighborhoods! This bright and inviting second-floor end-unit condo is ideally positioned facing the pool and open space, offering abundant natural light, added privacy, and a smart, efficient floor plan. The inviting living area features a cozy fireplace, while the private balcony provides the perfect setting for morning coffee or unwinding at the end of the day. Enjoy the convenience of in-unit stacked laundry and nearby covered parking.

Mortgage Calculator

Est. Monthly Payment

$3,831

Principal & Interest$2,766
Property Tax$495
Insurance$144
HOA$425
%($99,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Los Penasquitos Elementary · grades K-5 · Poway Unified

  • Middle

    Black Mountain Middle · grades 6-8 · Poway Unified

  • High

    Mt. Carmel High · grades 9-12 · Poway Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

49B
Est. Monthly Rent
$2,785

8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,628–$2,851

Blended 50/50 with the zip's market median ($2,799)

Monthly Cashflow

Rent − PITIA

-$1,045
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,098

What would make this work?

$2,098/mo short at 20% down; 81% down or +$2,725/mo rent closes it.

Break-even price

55% under asking

$222,924
Break-even rent

$2,725/mo above the estimate

$5,510/mo
Cashflow at 35% down
−$1,580/mo
Down payment to break even

$400,950 cash

81%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,766
Cap Rate
1.96%
Cash-on-Cash
-25.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$9,686
Price-to-Rent

Lower = better for investors

14.8

* Modelled at 20% down, 7.49% 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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BCashflow−$2,098/mo