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1747 Fern St.
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1747 Fern St.

Ctop 80%

San Diego, CA 92102

$1,795,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

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

This parcel holds a short-term rental license: Tier 3 (whole home), through Apr 2027. It doesn’t transfer: a buyer applies for their own.

128 licensed short-term rentals within ½ mile (77 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$9,439/mo full cashflow at 20% down, 7.43% rate.

Works at $566,156 (68% under asking), or at 96% down.

Rent $5,647/mo from 9 leases of houses within 0.5 mi, size-adjusted ($4,525–$5,355).

Beds

7

Baths

3

Sqft

2,000

Year Built

1930

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023064SD

This property is in San Diego (92102). View neighborhood stats →

Virtual Tour

About This Property

Value-add opportunity in the heart of South Park: two detached single-family homes (4BD/2BA + 3BD/1BA) on one 6,406 SF RM-2-5 lot at 1747-1749 Fern St. Both homes carry active, increasingly scarce City of San Diego STR permits and operate as income-producing Airbnbs, delivering immediate cash flow from day one. Enjoy on-street plus rear-lot parking, tree-lined Craftsman charm, and a walk score to South Park's boutique shops, coffee houses, and acclaimed restaurant row along Fern & Grape St, minutes to Balboa Park, North Park, and Golden Hill. Unapproved ADU plans included for further upside. Offered at $1,795,000, a rare chance to own two turnkey income properties in this high barrier-to-entry submarket.

Mortgage Calculator

Est. Monthly Payment

$12,291

Principal & Interest$9,972
Property Tax$1,795
Insurance$524
%($359,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Golden Hill K-8 · grades PK-8 · San Diego Unified

  • Middle

    Roosevelt International Middle · grades 6-8 · San Diego Unified

  • High

    San Diego 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

2 comps found

This Property

$5,647

vs

Comp Average

$5,457

2804 C St

2804 C St

5bd / 3ba · 1,884 sqft · Single Family

$1.47M

Est. $5,085/mo

1412 30th

1412 30th

5bd / 3ba · 2,576 sqft · Single Family

$2.25M

Est. $5,828/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

5C
Est. Monthly Rent
$5,647

9 leases of houses within 0.5 mi, size-adjusted · $4,525–$5,355

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$6,644
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,439

What would make this work?

$9,439/mo short at 20% down; 96% down or +$12,258/mo rent closes it.

Break-even price

68% under asking

$566,156
Break-even rent

$12,258/mo above the estimate

$17,905/mo
Cashflow at 35% down
−$7,569/mo
Down payment to break even

$1,723,200 cash

96%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$9,972
Cap Rate
0.55%
Cash-on-Cash
-31.55%
DSCR

Need ≥ 1.25 for DSCR loan

0.46
NOI (Annual)
$9,788
Price-to-Rent

Lower = better for investors

26.5

* 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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CCashflow−$9,439/mo