11154 Portobelo Drive
Ctop 80%San Diego, CA 92124
1 licensed short-term rental within ½ mile (0 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 44-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: -$2,874/mo full cashflow at 20% down, 7.36% rate.
Works at $248,893 (60% under asking), or at 87% down.
Rent $3,250/mo from 4 leases of 1–3 bed condos & townhomes in 92124 ($3,102–$3,354).
Beds
2
Baths
2
Sqft
1,226
Year Built
1991
Days on Market
126
Property Type
Condo
HOA/mo
$600
MLS ID
NDP2606547
This property is in San Diego (92124). Browse neighborhood analytics →
About This Property
Priced tens of thousands below the next lowest priced condo in the community, this corner unit is built for buyers who want to put their own stamp on a home. The home is ready for your updates, which is reflected in the price. The bones are solid. Tall ceilings, abundant natural light, and plantation shutters throughout give the layout an open, comfortable feel. The living room is anchored by a gas fireplace, and the kitchen offers a gas stove and plenty of cabinet space, a great canvas for a refresh. Step outside to the covered patio, a great spot for morning coffee. The home also includes a one car garage plus an additional assigned parking space, and residents enjoy a community pool and spa. With convenient freeway access, shopping, dining, and parks are close by. If you have been priced out of updated units and are ready to build equity through your own improvements, this one deserves a look.
Mortgage Calculator
Est. Monthly Payment
$4,856
Location
Loading map...
Zoned Schools
Elementary
Kumeyaay 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.
Comparable Properties
5 comps foundThis Property
$3,250
Comp Average
$3,391
6116 Calle Mariselda
1bd / 1ba · 1,209 sqft · Condo
$619K
Est. $3,792/mo
11089 Clairemont Mesa Blvd Tierrasanta
2bd / 1.5ba · 1,147 sqft · Condo
$610K
Est. $3,362/mo
11306 Portobelo Drive
2bd / 2.5ba · 1,262 sqft · Condo
$649K
Est. $3,354/mo
11340 Portobelo
2bd / 2ba · 1,226 sqft · Townhouse
$650K
Est. $3,199/mo
11196 Portobelo Dr
2bd / 2ba · 1,226 sqft · Condo
$669K
Est. $3,250/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of 1–3 bed condos & townhomes in 92124 · $3,102–$3,354
Blended 50/50 with the zip's market median ($3,329)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,874/mo short at 20% down; 87% down or +$3,732/mo rent closes it.
- Break-even price
- $248,893
- Break-even rent
- $6,982/mo
- Cashflow at 35% down
- −$2,227/mo
- Down payment to break even
- 87%
- Rate to break even
- Not reachable
60% under asking
$3,732/mo above the estimate
$543,750 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.
Open Full Calculator