2715 Russ
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2715 Russ

Dbottom 20%

San Diego, CA 92102

$1,190,000
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.

107 licensed short-term rentals within ½ mile (73 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$6,698/mo full cashflow at 20% down, 7.43% rate.

Works at $317,871 (73% under asking); even all cash loses money at asking.

Rent $3,171/mo from 10 leases of 2-bed houses within 1 mi ($3,225–$3,465).

Beds

2

Baths

2

Sqft

1,094

Year Built

1973

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023290SD

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

Virtual Tour

About This Property

Welcome to the Avocottage — historic San Diego charm, completely refreshed for modern living, directly on Balboa Park Golf Course. Set along the 4th tee box with direct golf-course frontage, the home captures sweeping, straight-on 180° golf course views from the main living spaces, creating a remarkably private setting in the heart of the city. Tucked into an intimate enclave along Balboa Park, enjoy no HOA, walkability to South Park and Golden Hill, and Downtown just minutes away, all with the golf course as your backdrop. Extensively renovated while preserving its original charm, this turnkey home features an owned solar system, fully renovated kitchen and baths, dual-pane windows, new flooring, mini-split A/C throughout, EV charging, upgraded plumbing and electrical systems, and wainscoting throughout. The two-level layout includes a spacious lower-level primary suite with walk-in closet, sitting area and ensuite bath, plus a second bedroom and full bath on the main living level. Outdoor spaces offer a curated blend of privacy, low-maintenance living and inviting areas to relax and entertain, including a private jacuzzi. Historic charm without the historic-home headaches, with Balboa Park just out front your door. Welcome to the Avocottage. Photo Disclosure: Select images have been AI edited.

Mortgage Calculator

Est. Monthly Payment

$8,148

Principal & Interest$6,611
Property Tax$1,190
Insurance$347
%($238,000)
%
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.

Investment Score

1D
Est. Monthly Rent
$3,171

10 leases of 2-bed houses within 1 mi · $3,225–$3,465

Blended 50/50 with the zip's market median ($2,978)

Monthly Cashflow

Rent − PITIA

-$4,977
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,698

What would make this work?

$6,698/mo short at 20% down; +$8,699/mo rent closes it.

Break-even price

73% under asking

$317,871
Break-even rent

$8,699/mo above the estimate

$11,870/mo
Cashflow at 35% down
−$5,458/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)
$6,611
Cap Rate
0.07%
Cash-on-Cash
-33.77%
DSCR

Need ≥ 1.25 for DSCR loan

0.39

NOI (Annual)
$859
Price-to-Rent

Lower = better for investors

31.3

* 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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DCashflow−$6,698/mo