
3170 L Street
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.
55 licensed short-term rentals within ½ mile (41 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$3,028/mo full cashflow at 20% down, 7.36% rate.
Works at $278,835 (59% under asking), or at 86% down.
Rent $2,767/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
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
PT26210742
This property is in San Diego (92102). View neighborhood stats →
About This Property
On L Street, just minutes from downtown San Diego, four new homes are ready for whoever gets there first. No HOA, no Mello Roos, just a place that's entirely your own from day one. You won't even hear your neighbors as there is a thick soundproofing barrier between the homes! These are classified as single family homes each with their own lot lines. Climb your own private staircase to the front door, and you're inside a home built for easy living: two bedrooms, a bath and a half, an open layout that doesn't waste space, plus a dedicated parking spot off the alley that's all yours. From here, Balboa Park, Petco Park, North Park and the Navy Base are all close by. Downtown and the harbor are both a quick seven minutes away. Close to public transit as well. Priced at $675,000 with a great preferred financing option at a low interest rate and 34 DIFFERENT DOWN PAYMENT ASSISTANCE/CLOSING COST ASSTANCE PROGRAMS available (connect with the listing agent for details), these four homes work equally well as the first place you actually own and can afford! There is also the option of a flexible rental play (short-term, mid-term, or a straightforward long-term lease) depending on what investment strategy you're building toward. Either way, there are only four of them, and this exact opportunity (brand new, no HOA, this close to downtown) doesn't come around often. Lock in yours today!
Mortgage Calculator
Est. Monthly Payment
$4,596
Location
Loading map...
Comparable Properties
5 comps foundThis Property
$2,767
Comp Average
$2,878
3990 Broadway
2bd / 1ba · 822 sqft · Single Family
$575K
Est. $2,786/mo
244 26th St
2bd / 2ba · 900 sqft · Single Family
$679K
Est. $3,183/mo
928 42nd Street
3bd / 1ba · 868 sqft · Single Family
$690K
Est. $2,927/mo
3164 L St
2bd / 1.5ba · 797 sqft · Single Family
$675K
Est. $2,767/mo

2007 Coronado Avenue
2bd / 1ba · 768 sqft · Single Family
$859K
Est. $2,729/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 ($2,945)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,028/mo short at 20% down; 86% down or +$3,933/mo rent closes it.
- Break-even price
- $278,835
- Break-even rent
- $6,700/mo
- Cashflow at 35% down
- −$2,330/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
59% under asking
$3,933/mo above the estimate
$580,500 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.
Open Full Calculator