3170 L Street
1 / 20

3170 L Street

Ctop 80%

San Diego, CA 92102

$675,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

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 →

Virtual Tour

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

Principal & Interest$3,724
Property Tax$675
Insurance$197
%($135,000)
%
Loan Term

Location

Loading map...

Investment Score

35C
Est. Monthly Rent
$2,767

10 leases of 2-bed houses within 1 mi · $2,244–$2,843

Blended 50/50 with the zip's market median ($2,945)

Monthly Cashflow

Rent − PITIA

-$1,829
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,028

What would make this work?

$3,028/mo short at 20% down; 86% down or +$3,933/mo rent closes it.

Break-even price

59% under asking

$278,835
Break-even rent

$3,933/mo above the estimate

$6,700/mo
Cashflow at 35% down
−$2,330/mo
Down payment to break even

$580,500 cash

86%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,724
Cap Rate
1.48%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$10,013
Price-to-Rent

Lower = better for investors

20.3

* 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
CCashflow−$3,028/mo