2011 W California Street

2011 W California Street

Dbottom 20%

San Diego, CA 92110

$2,200,000
NEW — 1d
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.

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

Principal & Interest$12,138
Property Tax$2,200
Insurance$642
%($440,000)
%
Loan Term

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.

Investment Score

1D
Est. Monthly Rent
$5,836

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)

Monthly Cashflow

Rent − PITIA

-$9,144
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,320

What would make this work?

$12,320/mo short at 20% down; +$15,999/mo rent closes it.

Break-even price

73% under asking

$588,000
Break-even rent

$15,999/mo above the estimate

$21,835/mo
Cashflow at 35% down
−$10,044/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,138
Cap Rate
0.06%
Cash-on-Cash
-33.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.39

NOI (Annual)
$1,322
Price-to-Rent

Lower = better for investors

31.4

* 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.

Open Full Calculator
DCashflow−$12,320/mo