11235 Avenida De Los Lobos #C
Btop 30%Rancho Bernardo, CA 92128Neighborhood: Rancho Bernardo
3 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 11, 2026.
No unit in this 55-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: -$2,901/mo full cashflow at 20% down, 7.43% rate.
Works at $272,361 (58% under asking), or at 85% down.
Rent $3,433/mo from 12 leases of 3-bed condos & townhomes within 2 mi ($3,321–$3,633).
Beds
3
Baths
2
Sqft
1,230
Year Built
1990
Days on Market
95
Property Type
Condo
HOA/mo
$552
MLS ID
260019346SD
This property is in Rancho Bernardo (92128). View neighborhood stats →
About This Property
New price enhancement! Welcome to this bright and inviting 3-bedroom, 2-bath upstairs condominium in the highly desirable Camino Bernardo neighborhood at The Falls. Filled with natural light from an abundance of windows, this home offers an open and airy feel enhanced by soaring vaulted ceilings and fresh interior, including new carpet and new paint throughout. The kitchen offers nice white cabinets with stainless steel appliances. The spacious living with fireplace flows seamlessly to a private balcony, creating the perfect spot to enjoy your morning coffee or unwind at the end of the day. The functional floor plan provides comfortable living in a welcoming atmosphere. Residents enjoy convenient access to the community pool, clubhouse and tennis courts offering wonderful amenities just moments from your front door. Ideally located near I-15, this home provides easy access for commuting while being close to shopping, dining, parks, and everyday conveniences. Located within the highly regarded Poway Unified School District, the property is served by acclaimed schools, making this an exceptional opportunity to own in one of San Diego's most sought-after communities. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this move-in ready home combines comfort, convenience, and an outstanding location.
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Est. Monthly Payment
$5,003
Location
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Zoned Schools
Elementary
Turtleback Elementary · grades K-5 · Poway Unified
Middle
Bernardo Heights Middle · grades 6-8 · Poway Unified
High
Rancho Bernardo 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.
Comparable Properties
5 comps foundThis Property
$3,433
Comp Average
$3,443
16238 Avenida Venusto
3bd / 2ba · 1,311 sqft · Condo
$599K
Est. $3,713/mo
11906 Paseo Lucido
2bd / 2ba · 1,217 sqft · Condo
$599K
Est. $3,201/mo
17862 Avenida Cordillera
3bd / 2ba · 1,350 sqft · Condo
$736K
Est. $3,720/mo
12680 Springbrook Drive
2bd / 2ba · 1,200 sqft · Condo
$699K
Est. $3,341/mo
12122 Royal Birkdale Row
2bd / 2ba · 1,172 sqft · Condo
$599K
Est. $3,241/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 3-bed condos & townhomes within 2 mi · $3,321–$3,633
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,901/mo short at 20% down; 85% down or +$3,768/mo rent closes it.
- Break-even price
- $272,361
- Break-even rent
- $7,201/mo
- Cashflow at 35% down
- −$2,224/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$3,768/mo above the estimate
$552,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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