
2011 W California Street
Dbottom 20%San Diego, CA 92110
One license per person in San Diego: whether you can hold it depends on you, not only the home.
66 licensed short-term rentals within ½ mile (46 whole home), from the cities' license and permit lists of Nov 14, 2026.
Pass at asking: -$12,320/mo full cashflow at 20% down, 7.36% rate.
Works at $588,000 (73% under asking); even all cash loses money at asking.
Rent $5,836/mo from 12 leases of 3-bed houses within 1 mi, same school area ($5,810–$6,683).
Beds
3
Baths
3
Sqft
1,919
Year Built
1931
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
260027081SD
This property is in San Diego (92110). View neighborhood stats →
About This Property
Enjoy sweeping views of downtown San Diego, the harbor, Point Loma, and the Pacific from 2011 W. California St. Approximately 1,800 sq ft of outdoor entertaining space includes expansive decks and a glass-enclosed, heated and ventilated pergola room. An oversized Brazilian hardwood deck on the lower level offers another inviting space to relax or entertain. Inside, the remodeled kitchen features quartzite countertops, new cabinetry, and appliances, with convenient laundry areas on each level. Downstairs, a spacious primary suite captures stunning views, while recent improvements include a new full bathroom, kitchenette and breakfast bar with sink, refrigerator, and microwave, and a Juliet balcony. The sprawling yard features mature landscaping, natural stone terraces, a waterfall and koi pond, and 10 fruit trees. Additional upgrades include a 200-amp electrical panel, Andersen windows and sliding doors, fresh interior and exterior paint, and a new heating system. A rare combination of turnkey living, panoramic views, and a central location just minutes from Little Italy, Mission Hills, Old Town, and downtown San Diego.
Mortgage Calculator
Est. Monthly Payment
$14,980
Location
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Zoned Schools
Elementary
Grant K-8 · grades K-8 · San Diego Unified
Middle
Correia Middle · grades 7-8 · San Diego Unified
or Roosevelt International Middle · grades 6-8 · San Diego Unified
Choice area: the district lets families here pick either school.
High
San Diego High · grades 9-12 · San Diego Unified
or Point Loma High · grades 9-12 · San Diego Unified
Choice area: the district lets families here pick either school.
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
$5,836
Comp Average
$5,796
5018 Georgetown Avenue
4bd / 3ba · 2,052 sqft · Single Family
$1.50M
Est. $5,912/mo
2690 Cowley Way
4bd / 4ba · 2,137 sqft · Single Family
$1.84M
Est. $6,442/mo
4542 Milton Street
4bd / 3ba · 2,131 sqft · Single Family
$1.75M
Est. $6,034/mo
1865 Magdalene Way
3bd / 2.5ba · 1,574 sqft · Single Family
$1.65M
Est. $5,156/mo
1985 Frankfort
3bd / 3ba · 1,648 sqft · Single Family
$1.85M
Est. $5,437/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 3-bed houses within 1 mi, same school area · $5,810–$6,683
Blended 50/50 with the zip's market median ($5,547)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$12,320/mo short at 20% down; +$15,999/mo rent closes it.
- Break-even price
- $588,000
- Break-even rent
- $21,835/mo
- Cashflow at 35% down
- −$10,044/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
73% under asking
$15,999/mo above the estimate
Negative even all-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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