1050 Chalcedony Street

1050 Chalcedony Street

Ctop 80%

San Diego, CA 92109

$2,295,000
NEW — 1d
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

This parcel holds a short-term rental license: Tier 2 (home share), through Apr 2027. It doesn’t transfer: a buyer applies for their own.

486 licensed short-term rentals within ½ mile (412 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$12,325/mo full cashflow at 20% down, 7.36% rate.

Works at $682,216 (70% under asking), or at 98% down.

Rent $6,771/mo from 11 leases of 3-bed houses within 1 mi ($5,678–$7,573).

Beds

3

Baths

2

Sqft

1,612

Year Built

1955

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027044SD

This property is in San Diego (92109). View neighborhood stats →

About This Property

Just over 3 blocks to Law Street Beach and a short walk more to Tourmaline Surfing Park! This 3BD/2BA North PB home sits on a full 5,600 sq ft lot with alley access and is currently set up as a 2BD/1BA main residence plus a private, attached 1BD/1BA Airbnb suite grossing up to $60K a year! The main residence has a bright, open floor plan, central AC/heat, and a large eat-in chef's kitchen with plenty of island seating and RO water filtration. The 1BR/1BA suite is entirely private, with a designer living area, kitchenette, and a two-person shower. French doors open from its bedroom and living area onto a garden paver patio with gas fire pit that guests rave about. Live in one space and rent the other, host extended family, or restore the original opening between the two spaces and use the whole home. Parking includes an oversized 1-car garage, plus 2 gated off-street spaces off the alley, one covered and one with an automated gate. Heated bathroom floors, 18 owned solar panels, and new roofs and exterior paint in 2026. Off the beaten path but yet just blocks to the beach, restaurants, shops and evenings out on the town. This is the coastal lifestyle you've been waiting for - the ultimate in livability, walkability and flexibility at the beach!

Mortgage Calculator

Est. Monthly Payment

$15,626

Principal & Interest$12,662
Property Tax$2,295
Insurance$669
%($459,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Pacific Beach Elementary · grades PK-5 · San Diego Unified

  • Middle

    Pacific Beach Middle · grades 6-8 · San Diego Unified

  • High

    Mission Bay High · grades 9-12 · San Diego 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

4C
Est. Monthly Rent
$6,771

11 leases of 3-bed houses within 1 mi · $5,678–$7,573

Blended 50/50 with the zip's market median ($6,619)

Monthly Cashflow

Rent − PITIA

-$8,855
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,325

What would make this work?

$12,325/mo short at 20% down; 98% down or +$16,006/mo rent closes it.

Break-even price

70% under asking

$682,216
Break-even rent

$16,006/mo above the estimate

$22,777/mo
Cashflow at 35% down
−$9,951/mo
Down payment to break even

$2,249,100 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,662
Cap Rate
0.35%
Cash-on-Cash
-32.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)
$8,109
Price-to-Rent

Lower = better for investors

28.2

* 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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CCashflow−$12,325/mo