11089 Clairemont Mesa Blvd Tierrasanta
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11089 Clairemont Mesa Blvd Tierrasanta

Btop 30%

San Diego, CA 92124

$610,000
STR: check · no permits in this complex · TOT 12.75%

3 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 39-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: -$2,673/mo full cashflow at 20% down, 7.36% rate.

Works at $260,217 (57% under asking), or at 84% down.

Rent $3,362/mo from 8 leases of condos & townhomes within 2 mi, size-adjusted ($3,000–$3,784).

Beds

2

Baths

1.5

Sqft

1,147

Year Built

1977

Days on Market

80

Property Type

Condo

HOA/mo

$600

MLS ID

260020689SD

This property is in San Diego (92124). Browse neighborhood analytics →

Virtual Tour

About This Property

Tierrasanta Gem in Villa Martinique just got an update! Welcome to this beautifully refreshed home in the desirable Villa Martinique community of Tierrasanta! Fresh interior paint, new carpeting, and an updated kitchen create a clean, inviting space that’s ready to enjoy. Offering peaceful canyon views, abundant natural light, and just one shared wall, this home strikes the perfect balance of privacy, comfort, and indoor-outdoor living. The updated kitchen features custom cabinetry, while refreshed bathroom vanities, recessed lighting, and air conditioning add to the home’s comfort and modern appeal. You’ll also appreciate the exceptional storage, including a convenient under-stair storage area, a spacious coat closet, and an exterior patio storage closet. Step outside to your private patio and enjoy San Diego’s beautiful year-round climate, whether you’re unwinding after a long day or entertaining friends and family. With nearby walking paths and open canyon space, the setting offers a peaceful retreat from the everyday. Enjoy two designated parking spaces, one covered and one uncovered. Villa Martinique residents also benefit from fantastic community amenities, including a private pool and tennis courts. Conveniently located near Tierrasanta’s parks, hiking trails, shopping, and highly regarded public schools, this home offers an inviting combination of comfort, convenience, and community. Discover the best of Tierrasanta living in this special Villa Martinique gem!

Mortgage Calculator

Est. Monthly Payment

$4,753

Principal & Interest$3,366
Property Tax$610
Insurance$178
HOA$600
%($122,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Tierrasanta Elementary · grades K-5 · San Diego Unified

  • Middle

    Farb Middle · grades 6-8 · San Diego Unified

    or De Portola Middle · grades 6-8 · San Diego Unified

    Choice area: the district lets families here pick either school.

  • High

    Canyon Hills 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

40B
Est. Monthly Rent
$3,362

8 leases of condos & townhomes within 2 mi, size-adjusted · $3,000–$3,784

Blended 50/50 with the zip's market median ($3,329)

Monthly Cashflow

Rent − PITIA

-$1,392
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,673

What would make this work?

$2,673/mo short at 20% down; 84% down or +$3,472/mo rent closes it.

Break-even price

57% under asking

$260,217
Break-even rent

$3,472/mo above the estimate

$6,834/mo
Cashflow at 35% down
−$2,042/mo
Down payment to break even

$512,400 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,366
Cap Rate
1.69%
Cash-on-Cash
-26.29%
DSCR

Need ≥ 1.25 for DSCR loan

0.71

NOI (Annual)
$10,326
Price-to-Rent

Lower = better for investors

15.1

* 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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BCashflow−$2,673/mo