2175 Clove Street
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2175 Clove Street

Ctop 80%

San Diego, CA 92106

$2,195,000
NEW — 0d
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.

73 licensed short-term rentals within ½ mile (42 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$10,979/mo full cashflow at 20% down, 7.43% rate.

Works at $765,585 (65% under asking), or at 93% down.

Rent $7,636/mo from 11 leases of 4–6 bed houses within 2 mi ($7,452–$7,785).

Beds

5

Baths

5

Sqft

2,644

Year Built

1950

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610048

This property is in San Diego (92106). View neighborhood stats →

Virtual Tour

About This Property

Experience refined coastal living in the heart of Point Loma in this beautifully remodeled 6-bedroom, 5-bath residence, offering ocean views, contemporary finishes, and exceptional versatility. Thoughtfully redesigned, the home blends modern sophistication with a light-filled, inviting atmosphere, creating an ideal setting for both everyday living and elegant entertaining. At the heart of the home, the beautifully appointed kitchen flows seamlessly into the living and dining areas, creating a natural gathering space. A versatile bonus room offers flexibility for a private office, media lounge, or additional living space. The lower level presents exciting potential for an ADU, offering possibilities for multigenerational living, guest accommodations, or rental income, subject to applicable approvals. Embrace the Southern California lifestyle with inviting front and spacious rear patios, perfect for al fresco dining, entertaining, or unwinding in the coastal breeze. Generously proportioned bedrooms and a thoughtful layout provide comfort, privacy, and flexibility for a variety of living arrangements. Ideally positioned near Shelter Island, Sunset Cliffs, yacht clubs, beaches, Liberty Station, and Point Loma’s acclaimed dining and shopping, this exceptional residence offers a compelling blend of contemporary style, versatile living, and coastal appeal. With ocean views and a prime location, this move-in-ready home presents a distinctive opportunity to enjoy the best of Point Loma living.

Mortgage Calculator

Est. Monthly Payment

$15,029

Principal & Interest$12,194
Property Tax$2,195
Insurance$640
%($439,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Loma Portal Elementary · grades K-4 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

  • High

    Point Loma 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.

Investment Score

9C
Est. Monthly Rent
$7,636

11 leases of 4–6 bed houses within 2 mi · $7,452–$7,785

Monthly Cashflow

Rent − PITIA

-$7,393
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,979

What would make this work?

$10,979/mo short at 20% down; 93% down or +$14,258/mo rent closes it.

Break-even price

65% under asking

$765,585
Break-even rent

$14,258/mo above the estimate

$21,894/mo
Cashflow at 35% down
−$8,692/mo
Down payment to break even

$2,041,350 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,194
Cap Rate
0.87%
Cash-on-Cash
-30.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.51

NOI (Annual)
$19,168
Price-to-Rent

Lower = better for investors

24.0

* 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−$10,979/mo