2242 Congress St
Ctop 80%San Diego, CA 92110
One license per person in San Diego: whether you can hold it depends on you, not only the home.
58 licensed short-term rentals within ½ mile (42 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$5,606/mo full cashflow at 20% down, 7.36% rate.
Works at $376,396 (66% under asking), or at 94% down.
Rent $3,736/mo from 13 leases of 1–3 bed houses within 1 mi, same school area ($3,342–$4,417).
Beds
2
Baths
1
Sqft
880
Year Built
1952
Days on Market
64
Property Type
Single Family
HOA/mo
N/A
MLS ID
260022105SD
This property is in San Diego (92110). View neighborhood stats →
About This Property
Seller offering buyer credit, dependent upon offer terms. Charming 1950s cottage-style home tucked away in a private cul-de-sac just moments from historic Old Town! This meticulously maintained residence blends timeless character with extensive modern upgrades. The bright, open-concept kitchen and living area features abundant natural light from updated sky lights and features top-of-the-line Miele appliances made for effortless living. Recent upgrades include a new roof, water heater, split AC, windows, skylights, stucco, interior doors, refinished floors, Moen Flo water monitoring system, Kasa smart-home electrical features, updated fixtures, smoke/CO detectors, and termite treatment. Exterior improvements include a new garage door, side gate, washer/dryer closet, awning, and spacious partially covered patio. The detached garage offers excellent potential for an ADU or income-producing space. Ideally located within 10 minutes of San Diego International Airport, Mission Bay, downtown, and local beaches. No HOA or Mello-Roos. A rare opportunity to own a beautifully upgraded home in a prime San Diego location!
Mortgage Calculator
Est. Monthly Payment
$7,558
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
3 comps foundThis Property
$3,736
Comp Average
$3,919
5858 Riley St
3bd / 1ba · 1,066 sqft · Single Family
$1.10M
Est. $4,376/mo
4689 Tonopah Avenue
3bd / 2ba · 1,036 sqft · Single Family
$1.15M
Est. $3,978/mo
2476 Congress St.
2bd / 1ba · 768 sqft · Single Family
$1.30M
Est. $3,404/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 1–3 bed houses within 1 mi, same school area · $3,342–$4,417
Blended 50/50 with the zip's market median ($3,527)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,606/mo short at 20% down; 94% down or +$7,281/mo rent closes it.
- Break-even price
- $376,396
- Break-even rent
- $11,017/mo
- Cashflow at 35% down
- −$4,458/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
66% under asking
$7,281/mo above the estimate
$1,043,399 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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