11231 Del Diablo St

11231 Del Diablo St

Ctop 80%

Rancho Peñasquitos, CA 92129

$1,299,900
NEW — 0d
STR-eligible · San Diego Tier 3 · TOT 11.75%

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

2 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$6,309/mo full cashflow at 20% down, 7.36% rate.

Works at $474,407 (64% under asking), or at 91% down.

Rent $4,708/mo from 12 leases of 2–4 bed houses within 1 mi ($4,663–$5,270).

Beds

3

Baths

2

Sqft

2,126

Year Built

1979

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026974SD

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

About This Property

Located in the highly desirable Penasquitos Glens community, this single-story home offers an open, airy feel, soaring vaulted ceilings, and beautiful mountain views. A rare pie-shaped lot provides additional side and backyard space, creating even more room to enjoy the outdoors. Natural light fills the home through large windows, complemented by classic white wood shutters. Wide-plank luxury wood-look vinyl flooring, fresh neutral paint, and crisp white baseboards create a bright, welcoming atmosphere throughout. The freshly painted kitchen features bright white cabinetry and sleek black hardware, opening seamlessly to the main living space for an easy flow that's perfect for entertaining and everyday gatherings. Large glass sliders extend the living space outdoors, creating a seamless connection between indoor and outdoor living. Two fireplaces, one in the living room and another in the family room, add warmth and character. The spacious primary suite is a peaceful retreat, featuring soaring vaulted ceilings, large glass sliders, a generous closet with custom built-ins, and an updated shower. Step outside to enjoy beautiful mountain views, stunning golden-hour sunsets and sunrises, and no direct neighbors behind, creating a private and peaceful setting to relax and take in the surroundings. Lemon and lime trees add a special touch to the backyard, while a three-mile running trail just behind the home makes it easy to get outside and enjoy the neighborhood. Within walking distance of Rolling Hills Elementary School (Poway Unified) and Rolling Hills Park, and just minutes from I-15 and the shopping, dining, and everyday conveniences of Carmel Mountain Ranch. Local favorites like Best Pizza & Brew, The Stand, and Cafe Luna are also nearby. A wonderful place to enjoy the comfort, convenience, and lifestyle that make Rancho Penasquitos such a special place to call home!

Mortgage Calculator

Est. Monthly Payment

$8,851

Principal & Interest$7,172
Property Tax$1,300
Insurance$379
%($259,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Rolling Hills 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

10C
Est. Monthly Rent
$4,708

12 leases of 2–4 bed houses within 1 mi · $4,663–$5,270

Blended 50/50 with the zip's market median ($4,520)

Monthly Cashflow

Rent − PITIA

-$4,143
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,309

What would make this work?

$6,309/mo short at 20% down; 91% down or +$8,193/mo rent closes it.

Break-even price

64% under asking

$474,407
Break-even rent

$8,193/mo above the estimate

$12,901/mo
Cashflow at 35% down
−$4,964/mo
Down payment to break even

$1,182,909 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,172
Cap Rate
1.01%
Cash-on-Cash
-29.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$13,181
Price-to-Rent

Lower = better for investors

23.0

* 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−$6,309/mo