
11340 Portobelo #3
Ctop 80%San Diego, CA 92124
2 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 24-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: -$3,104/mo full cashflow at 20% down, 7.36% rate.
Works at $243,822 (62% under asking), or at 90% down.
Rent $3,199/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
1992
Days on Market
97
Property Type
Townhouse
HOA/mo
$600
MLS ID
260019373SD
This property is in San Diego (92124). Browse neighborhood analytics →
About This Property
Welcome to this abundantly light and bright upper corner townhome in the highly desirable Belsera community of Tierrasanta. Perfectly situated in one of the quietest locations within the development, this spacious two-story residence offers peaceful, park-like views from every room, creating a serene setting that is rarely available.The thoughtfully designed floor plan features two bedrooms and two full bathrooms, highlighted by soaring 20-foot vaulted ceilings and a fireplace in the living and dining room that fill the home with natural light and provide an impressive sense of space. The open kitchen, with all stainless steel appliances, offers a cozy breakfast area, making it the perfect place to enjoy your morning coffee while overlooking the lush surroundings. Additional features include an attached one-car garage, generous living spaces, and an ideal layout for both everyday living and entertaining. Residents of Belsera enjoy an exceptional array of resort-style amenities, including a community pool and spa, recreation room, playground, sand volleyball court, beautifully maintained greenbelts, walking paths, and ample guest parking. Conveniently located in the heart of Tierrasanta, this home offers easy access to shopping, dining, hiking trails, Mission Trails Regional Park, major freeways, and everything San Diego has to offer. This is a rare opportunity to own a tranquil, light-filled home in one of Tierrasanta's most sought-after communities with award winning schools. Seller will also contribute to buydown of sellers rate
Mortgage Calculator
Est. Monthly Payment
$5,025
Location
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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
$3,199
Comp Average
$3,262
11089 Clairemont Mesa Blvd Tierrasanta
2bd / 1.5ba · 1,147 sqft · Condo
$610K
Est. $3,362/mo
11154 Portobelo Drive
2bd / 2ba · 1,226 sqft · Condo
$625K
Est. $3,250/mo
11306 Portobelo Drive
2bd / 2.5ba · 1,262 sqft · Condo
$649K
Est. $3,354/mo
11196 Portobelo Dr
2bd / 2ba · 1,226 sqft · Condo
$669K
Est. $3,250/mo
6161 Calle Mariselda
2bd / 2.5ba · 1,068 sqft · Townhouse
$668K
Est. $3,093/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 ($3,227)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,104/mo short at 20% down; 90% down or +$4,031/mo rent closes it.
- Break-even price
- $243,822
- Break-even rent
- $7,230/mo
- Cashflow at 35% down
- −$2,432/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
62% under asking
$4,031/mo above the estimate
$584,910 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.
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