3129 Old Kettle Road
Ctop 80%San Diego, CA 92111
14 licensed short-term rentals within ½ mile (11 whole home), from the cities' license and permit lists of Nov 13, 2026.
None of the 153 homes on this home's recorded tract holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$5,556/mo full cashflow at 20% down, 7.36% rate.
Works at $372,983 (66% under asking), or at 94% down.
Rent $4,319/mo from 8 leases of 1–3 bed houses within 1 mi ($4,178–$5,551).
Beds
2
Baths
2
Sqft
1,630
Year Built
1983
Days on Market
125
Property Type
Single Family
HOA/mo
$475
MLS ID
PTP2605232
This property is in San Diego (92111). Browse neighborhood analytics →
About This Property
Opportunity to own a home in a desirable central San Diego neighborhood with outstanding upside potential. Conveniently located near shopping, dining, major freeways, and everything San Diego has to offer. Property is tenant occupied and is being sold in its present "as-is" condition, offering an excellent opportunity for an investor, contractor, or buyer looking to renovate and add value. Please do not disturb occupants. Contact the listing agent regarding current access procedures.
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Est. Monthly Payment
$7,965
Location
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Zoned Schools
Elementary
Holmes 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.
Renovation math
Flagged Light Value-Add from the listing remarks — “upside potential”, “as-is”.
- Asking now
- $1.10M
- Worth finished
- $1.25M
- Budget to renovate
- $150,000
$675/sqft
$767/sqft × 1,630 sqft
$92/sqft to spend
Comparable finished homes nearby suggest this is worth $1.25M once it's brought to par — about $150,000 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $4,617/mo
- Cashflow at that rent
- −$5,327/mo
$2.83/sqft × 1,630 sqft, median of 5 comps
cap rate 1.06%, DSCR 0.58
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$4,319
Comp Average
$4,307
6656 Rockglen Ave
3bd / 2ba · 1,766 sqft · Single Family
$1.05M
Est. $4,640/mo
3330 Currant St
3bd / 2ba · 1,438 sqft · Single Family
$1.12M
Est. $4,221/mo
3801 Mount Aladin
3bd / 2ba · 1,630 sqft · Single Family
$1.25M
Est. $4,617/mo
6645 Goodwin
2bd / 1ba · 1,945 sqft · Single Family
$1.15M
Est. $3,804/mo
4012 Mount Brundage
3bd / 2ba · 1,352 sqft · Single Family
$1.27M
Est. $4,254/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed houses within 1 mi · $4,178–$5,551
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,556/mo short at 20% down; 94% down or +$7,216/mo rent closes it.
- Break-even price
- $372,983
- Break-even rent
- $11,535/mo
- Cashflow at 35% down
- −$4,418/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
66% under asking
$7,216/mo above the estimate
$1,034,000 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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