3144 Cabrillo Bay Lane
Ctop 80%San Diego, CA 92110
29 licensed short-term rentals within ½ mile (15 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 40-unit complex 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: -$3,482/mo full cashflow at 20% down, 7.36% rate.
Works at $303,397 (60% under asking), or at 87% down.
Rent $3,482/mo from 12 leases of 1–3 bed condos & townhomes within 1 mi ($3,468–$3,881).
Beds
2
Baths
2
Sqft
1,440
Year Built
2006
Days on Market
0
Property Type
Townhouse
HOA/mo
$363
MLS ID
NDP2610252
This property is in San Diego (92110). View neighborhood stats →
About This Property
Rarely available and highly desirable Point Loma property in the gated community of The Bay at Point Loma! This beautifully maintained 2-bedroom, 2-bath home features an additional den, ideal for a home office, playroom, or flexible living space. The open-concept floor plan lives like a single-level home, with a spacious living area that opens to a private patio. The kitchen offers granite countertops, stainless steel appliances, and a generous pantry. Additional features include central A/C, a full-size laundry closet, and an attached two-car tandem garage with direct access and extra storage. Enjoy resort-style community amenities, including a beautiful swimming pool, hot tub, children's play area, BBQ area, and guest parking. Built in 2006, The Bay at Point Loma is beautifully maintained and feels like new. Ideally located near Point Loma's multiple beaches, San Diego Bay, the airport, shopping, dining, and everyday conveniences. A wonderful opportunity to enjoy the best of coastal San Diego living!
Mortgage Calculator
Est. Monthly Payment
$5,531
Location
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Zoned Schools
Elementary
Loma Portal Elementary · grades K-4 · San Diego Unified
Middle
Correia Middle · grades 7-8 · San Diego Unified
High
Point Loma 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
$3,482
Comp Average
$3,518
3152 Trinity Bay Place
2bd / 2.5ba · 1,455 sqft · Condo
$775K
Est. $3,764/mo
3464 Spring Tide
2bd / 2ba · 1,227 sqft · Condo
$750K
Est. $3,499/mo
3138 Lighthouse Ridge
2bd / 2.5ba · 1,455 sqft · Townhouse
$775K
Est. $3,491/mo
3098 Rue Dorleans
2bd / 2ba · 1,250 sqft · Condo
$710K
Est. $3,341/mo
3549 Shoreline Bluff Lane
2bd / 2.5ba · 1,386 sqft · Condo
$811K
Est. $3,496/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 1–3 bed condos & townhomes within 1 mi · $3,468–$3,881
Blended 50/50 with the zip's market median ($3,191)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,482/mo short at 20% down; 87% down or +$4,522/mo rent closes it.
- Break-even price
- $303,397
- Break-even rent
- $8,004/mo
- Cashflow at 35% down
- −$2,697/mo
- Down payment to break even
- 87%
- Rate to break even
- Not reachable
60% under asking
$4,522/mo above the estimate
$660,330 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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