2861 Burgener
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2861 Burgener

Ctop 80%

San Diego, CA 92110

$2,450,000
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.

27 licensed short-term rentals within ½ mile (11 whole home), from the cities' license and permit lists of Nov 1, 2026.

Pass at asking: -$13,528/mo full cashflow at 20% down, 7.49% rate.

Works at $696,211 (72% under asking), or at all cash.

Rent $6,974/mo from 12 leases of 4–6 bed houses within 2 mi ($6,396–$8,365).

Beds

5

Baths

4.5

Sqft

2,788

Year Built

1952

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022683SD

This property is in San Diego (92110). View neighborhood stats →

Virtual Tour

About This Property

Builder Warranty Up to 10 years! Welcome to this newly constructed Bay Park residence with permitted ADU, where warm coastal design and thoughtful craftsmanship come together in one of San Diego’s most desirable neighborhoods. Offering 2,788 square feet of combined living space, this beautifully designed coastal farmhouse features a 4-bedroom, 3.5-bath single-story main residence plus a separate 1-bedroom, 1-bath ADU with bay and ocean views—ideal for guests, multigenerational living, a home office, or rental income. Inside, 9-foot ceilings and an open-concept layout create an inviting sense of space, complemented by warm tones and natural materials. The stunning chef’s kitchen features custom white oak cabinetry, a built-in panel-ready refrigerator, 36-inch six-burner range, and oversized island designed for everyday living and effortless entertaining. Designed for the Southern California lifestyle, the living spaces flow seamlessly outdoors to a private setting centered around a custom built-in gas firepit—perfect for entertaining or relaxing. The serene primary suite offers a generous walk-in closet and continues the home’s warm, elevated aesthetic. Every detail balances clean coastal simplicity with craftsmanship and functionality. Adding exceptional versatility, the separate ADU offers its own elevated living space with beautiful bay and ocean views. With two residences, custom finishes, the feel of new construction, and a prime Bay Park location, this property delivers a rare combination of design, flexibility, and modern coastal living.

Mortgage Calculator

Est. Monthly Payment

$16,856

Principal & Interest$13,691
Property Tax$2,450
Insurance$715
%($490,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bay Park Elementary · grades K-5 · San Diego Unified

  • Middle

    Marston Middle · grades 6-8 · San Diego Unified

  • High

    Clairemont 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

3C
Est. Monthly Rent
$6,974

12 leases of 4–6 bed houses within 2 mi · $6,396–$8,365

Monthly Cashflow

Rent − PITIA

-$9,882
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,528

What would make this work?

$13,528/mo short at 20% down; 100% down or +$17,569/mo rent closes it.

Break-even price

72% under asking

$696,211
Break-even rent

$17,569/mo above the estimate

$24,543/mo
Cashflow at 35% down
−$10,961/mo
Down payment to break even

$2,450,000 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$13,691
Cap Rate
0.25%
Cash-on-Cash
-33.13%
DSCR

Need ≥ 1.25 for DSCR loan

0.41

NOI (Annual)
$6,144
Price-to-Rent

Lower = better for investors

29.3

* Modelled at 20% down, 7.49% 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−$13,528/mo