2861 Copley
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2861 Copley

Ctop 80%

San Diego, CA 92116

$989,900
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.

52 licensed short-term rentals within ½ mile (32 whole home), from the cities' license and permit lists of Nov 3, 2026.

Pass at asking: -$5,226/mo full cashflow at 20% down, 7.49% rate.

Works at $312,481 (68% under asking), or at 96% down.

Rent $3,130/mo from 9 leases of 2-bed houses within 1 mi ($2,761–$3,272).

Beds

2

Baths

1

Sqft

720

Year Built

1927

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PW26234405

This property is in San Diego (92116). View neighborhood stats →

Virtual Tour

About This Property

Timeless Spanish character meets thoughtful modern updates in this inviting 1927 Normal Heights home. Refinished white oak floors, custom built-ins, and generous windows bring warmth and natural light to the living room, while the kitchen’s built-in wraparound dining nook creates a welcoming spot for morning coffee, everyday meals, and conversation. A beautifully remodeled bathroom complements the home’s vintage personality, while ductless mini-split heating and cooling, a tankless water heater, and fully owned solar add everyday convenience. Smart features include motorized window shades, Wi-Fi-enabled light switches, and mini-split controls accessible through Google Home and compatible apps. Extensive improvements since 2022 include foundation work with additional concrete piers and seismic strapping, subarea drainage with a sump pump, a sewer liner, a replacement main gas line, electrical updates, exterior stucco restoration and paint, and new wood fencing. Outside, the backyard feels like an extension of the home, a cozy area with artificial turf, gardening areas, and inviting spaces to gather or unwind. Picture morning coffee in the fresh air, an afternoon tending your plants, or dinner with friends beneath the San Diego sky. A finished detached work-from-home studio/office offers a separate setting for focused work or creative pursuits, just steps from the house. This bonus space is not included in the home’s stated square footage. Full of personality and thoughtfully updated, this Spanish-style retreat brings together vintage appeal, modern comforts, and space to enjoy life indoors and out.

Mortgage Calculator

Est. Monthly Payment

$6,810

Principal & Interest$5,532
Property Tax$990
Insurance$289
%($197,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Garfield Elementary · grades PK-5 · 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

6C
Est. Monthly Rent
$3,130

9 leases of 2-bed houses within 1 mi · $2,761–$3,272

Monthly Cashflow

Rent − PITIA

-$3,681
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,226

What would make this work?

$5,226/mo short at 20% down; 96% down or +$6,786/mo rent closes it.

Break-even price

68% under asking

$312,481
Break-even rent

$6,786/mo above the estimate

$9,916/mo
Cashflow at 35% down
−$4,188/mo
Down payment to break even

$950,304 cash

96%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,532
Cap Rate
0.56%
Cash-on-Cash
-31.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.46

NOI (Annual)
$5,553
Price-to-Rent

Lower = better for investors

26.4

* 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−$5,226/mo