3164 L St
Ctop 80%San Diego, CA 92102
One license per person in San Diego: whether you can hold it depends on you, not only the home.
56 licensed short-term rentals within ½ mile (42 whole home), from the cities' license and permit lists of Nov 10, 2026.
Pass at asking: -$3,015/mo full cashflow at 20% down, 7.43% rate.
Works at $282,573 (58% under asking), or at 85% down.
Rent $2,818/mo from 10 leases of 2-bed houses within 1 mi ($2,244–$2,843).
Beds
2
Baths
1.5
Sqft
797
Year Built
2026
Days on Market
46
Property Type
Single Family
HOA/mo
N/A
MLS ID
260023314SD
This property is in San Diego (92102). View neighborhood stats →
About This Property
NO HOA. NO MELLO-ROOS. A rare opportunity to own brand-new construction just minutes from Downtown San Diego. This stunning 2-bedroom, 1.5-bath home was designed for modern living, featuring a bright open-concept layout, beautiful wood-look flooring, a sleek kitchen with stainless steel appliances, quartz-style countertops and a large island perfect for entertaining. Enjoy in-unit laundry, efficient heating and cooling, your own private patio and assigned parking. Individually parceled with no HOA, you get the freedom of homeownership without the added monthly dues. Ideally located near Downtown, Balboa Park, Coronado, Petco Park, North Park, dining and nightlife, with convenient access to Naval Base San Diego (32nd Street) and NAS North Island in Coronado. Brand new, beautifully finished and ready to be yours. Welcome home!
Mortgage Calculator
Est. Monthly Payment
$4,622
Location
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Zoned Schools
Elementary
Kimbrough Elementary · grades PK-5 · San Diego Unified
Middle
Logan Memorial Educational Campus · grades PK-12 · San Diego Unified
High
Logan Memorial Educational Campus · grades PK-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
$2,818
Comp Average
$2,884
3990 Broadway
2bd / 1ba · 822 sqft · Single Family
$575K
Est. $2,867/mo
244 26th St
2bd / 2ba · 900 sqft · Single Family
$679K
Est. $3,126/mo
3170 L Street
2bd / 1.5ba · 797 sqft · Single Family
$675K
Est. $2,818/mo
928 42nd Street
3bd / 1ba · 868 sqft · Single Family
$690K
Est. $2,853/mo
2007 Coronado Avenue
2bd / 1ba · 768 sqft · Single Family
$859K
Est. $2,758/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 2-bed houses within 1 mi · $2,244–$2,843
Blended 50/50 with the zip's market median ($3,047)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,015/mo short at 20% down; 85% down or +$3,915/mo rent closes it.
- Break-even price
- $282,573
- Break-even rent
- $6,733/mo
- Cashflow at 35% down
- −$2,311/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$3,915/mo above the estimate
$573,750 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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