3138 Laurel Street
Dbottom 20%San Diego, CA 92104
One license per person in San Diego: whether you can hold it depends on you, not only the home.
105 licensed short-term rentals within ½ mile (50 whole home), from the cities' license and permit lists of Nov 5, 2026.
Pass at asking: -$10,072/mo full cashflow at 20% down, 7.49% rate.
Works at $464,255 (74% under asking); even all cash loses money at asking.
Rent $4,650/mo from 13 leases of 2–4 bed houses within 1 mi ($4,104–$6,105).
Beds
3
Baths
2
Sqft
1,645
Year Built
1936
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026298SD
This property is in San Diego (92104). View neighborhood stats →
About This Property
Located in the beautiful historic neighborhood of Burlingame in South Park, this gorgeous single-level Tudor blends historic character with thoughtful modern updates and the added benefit of an active Mills Act contract. Architectural details shine throughout, including a beautiful barrel-vaulted ceiling, original wood windows, hardwood floors, and formal dining room. The remodeled kitchen and additional living area offer modern comfort and flexibility. The private primary suite features a beautifully remodeled bathroom, separate from two additional bedrooms and a charming vintage pink-tiled bath. Outside, lush landscaping, fruit trees, and brick pathways complement the home's storybook architecture. A detached garage and ample driveway parking add convenience. Extensively upgraded and lovingly maintained, including a five-year-old roof among other upgrades, this special home offers historic charm and modern comfort in one of San Diego's most beloved neighborhoods, walking distance to both South Park and North Park.
Mortgage Calculator
Est. Monthly Payment
$12,177
Location
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Zoned Schools
Elementary
McKinley Elementary · grades K-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.
Comparable Properties
5 comps foundThis Property
$4,650
Comp Average
$4,759
San Diego
3bd / 1.5ba · 1,555 sqft · Single Family
$1.10M
Est. $4,473/mo
2141 Boundary
3bd / 2ba · 1,710 sqft · Single Family
$1.42M
Est. $4,818/mo
3578 Louisiana St
3bd / 2ba · 1,495 sqft · Single Family
$1.57M
Est. $4,620/mo
3425 Wilshire Ter
3bd / 3.5ba · 1,775 sqft · Single Family
$1.74M
Est. $4,815/mo
2633 San Marcos Ave
3bd / 3.5ba · 1,601 sqft · Single Family
$2.40M
Est. $5,069/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 2–4 bed houses within 1 mi · $4,104–$6,105
Blended 50/50 with the zip's market median ($4,884)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$10,072/mo short at 20% down; +$13,080/mo rent closes it.
- Break-even price
- $464,255
- Break-even rent
- $17,730/mo
- Cashflow at 35% down
- −$8,217/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
74% under asking
$13,080/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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