11233 Tierrasanta 61

11233 Tierrasanta 61

Ctop 80%

San Diego, CA 92124

$599,000
NEW — 1d
STR: check · no permits in this complex · TOT 12.75%

3 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 14, 2026.

No unit in this 67-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: -$2,982/mo full cashflow at 20% down, 7.36% rate.

Works at $208,794 (65% under asking), or at 93% down.

Rent $2,975/mo from 1 lease in this building.

Beds

2

Baths

2

Sqft

1,060

Year Built

1981

Days on Market

1

Property Type

Condo

HOA/mo

$695

MLS ID

260027041SD

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

About This Property

Seller Offering Finance or HOA Concessions. Welcome to this beautifully renovated, top-floor 2-bedroom, 2-bathroom condo in Tierrasanta's desirable Eldorado Greens community. Thoughtfully redesigned from top to bottom, this move-in-ready residence combines modern finishes, comfortable living spaces, and the convenience of having no neighbors above. Step inside to discover beautiful new flooring, fresh interior paint, updated lighting, and a stylishly refreshed kitchen. Both bathrooms have been tastefully renovated with contemporary finishes, creating a cohesive, inviting feel throughout. Every detail was selected to deliver a clean, timeless aesthetic without the expense or hassle of renovating yourself. Enjoy elevator access, community amenities, and a peaceful setting near Mission Trails Regional Park. Conveniently located near shopping, dining, golf, and major freeways, with easy access to the best of San Diego. Whether you're a first-time buyer, downsizing, or searching for a turnkey home, this is an exceptional opportunity to enjoy modern living in an established community.

Mortgage Calculator

Est. Monthly Payment

$4,774

Principal & Interest$3,305
Property Tax$599
Insurance$175
HOA$695
%($119,800)
%
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

30C
Est. Monthly Rent
$2,975

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$1,799
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,982

What would make this work?

$2,982/mo short at 20% down; 93% down or +$3,873/mo rent closes it.

Break-even price

65% under asking

$208,794
Break-even rent

$3,873/mo above the estimate

$6,848/mo
Cashflow at 35% down
−$2,363/mo
Down payment to break even

$557,070 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,305
Cap Rate
0.94%
Cash-on-Cash
-29.87%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$5,656
Price-to-Rent

Lower = better for investors

16.8

* 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−$2,982/mo