3235 Fenelon St.
Ctop 80%San Diego, CA 92106
One license per person in San Diego: whether you can hold it depends on you, not only the home.
82 licensed short-term rentals within ½ mile (50 whole home), from the cities' license and permit lists of Nov 8, 2026.
Pass at asking: -$12,936/mo full cashflow at 20% down, 7.43% rate.
Works at $710,851 (70% under asking), or at 98% down.
Rent $7,090/mo from 8 leases of 4–6 bed houses within 1 mi ($7,083–$7,505).
Beds
5
Baths
3
Sqft
2,491
Year Built
1931
Days on Market
44
Property Type
Single Family
HOA/mo
N/A
MLS ID
260023308SD
This property is in San Diego (92106). View neighborhood stats →
About This Property
A rare opportunity to own one of Point Loma's most admired Storybook homes. Built in 1931, this Craftsman offers five bedrooms, three bathrooms, and two living rooms, with views of San Diego Bay, the Coronado Bridge, and the downtown skyline from both the dining room and the oversized front porch. Out back, an oversized yard of sprawling lawn is ready to become anything you imagine—a shimmering resort-style pool, a charming guest house or ADU, a flourishing garden, or open space for play, pets, and golden summer evenings beneath the stars. A detached two-car garage and an exceptionally long driveway add ease and versatility, quietly supporting whatever life you choose to create here. A remodeled kitchen and baths, plus owned solar with a Tesla Powerwall, complete the picture. Move-in ready today, with real upside for tomorrow—this is the one.
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Est. Monthly Payment
$16,399
Location
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Zoned Schools
Elementary
Cabrillo Elementary · grades PK-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
4 comps foundThis Property
$7,090
Comp Average
$7,752
1174 Concord
4bd / 3ba · 3,166 sqft · Single Family
$1.95M
Est. $7,913/mo
942 Rosecrans St
5bd / 3ba · 3,200 sqft · Single Family
$2.45M
Est. $8,712/mo
2175 Clove Street
5bd / 5ba · 2,644 sqft · Single Family
$2.19M
Est. $7,336/mo
3327 Fenelon
4bd / 3ba · 2,640 sqft · Single Family
$2.60M
Est. $7,045/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 4–6 bed houses within 1 mi · $7,083–$7,505
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$12,936/mo short at 20% down; 98% down or +$16,800/mo rent closes it.
- Break-even price
- $710,851
- Break-even rent
- $23,890/mo
- Cashflow at 35% down
- −$10,441/mo
- Down payment to break even
- 98%
- Rate to break even
- Not reachable
70% under asking
$16,800/mo above the estimate
$2,347,100 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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