3305 Clairemont Mesa Blvd
Ctop 80% of multifamilySan Diego, CA 92117
One license per person in San Diego: whether you can hold it depends on you, not only the home.
42 licensed short-term rentals within ½ mile (26 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$11,219/mo full cashflow at 20% down, 7.36% rate.
Works at $2,007,113 (42% under asking), or at 67% down.
Rent $19,920/mo: 6 units of about 707 sqft, each priced from up to 14 closed leases within 1 mi ($17,220–$21,966).
Beds
—
Baths
—
Sqft
4,240
Year Built
2026
Days on Market
142
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
PTP2604719
This property is in San Diego (92117). View neighborhood stats →
About This Property
Rare opportunity to acquire a newly constructed six-unit multifamily property in the highly desirable Clairemont Mesa/Bay Park submarket. The property consists of five 2BR/1BA and one 1BR/1BA across three (3) buildings totaling approximately 4,650 SF on a 6,083 SF lot. Completed in 2026, the property features modern construction, low-maintenance systems, contemporary finishes, alley-accessed parking, and two private rooftop decks. Unit Mix - 3 Duplexes - 6 Units One, One-Story Duplex with 1) 1BR/1BA & 1) 2BR/1BA units Two, Two-Story Duplexes each 2) 2BR/1BA units Centrally located with convenient access to Interstate 805, SR-52, SR-163, Mission Valley, UTC, USD, beaches, and major employment centers. One unit is subject to affordable housing restrictions. Buyer to verify all information, including square footage, unit configuration, zoning, permits, restrictions, and condition prior to close of escrow.
Multifamily · 6 units
Valued on income: each unit priced from closed leases nearby, then added up. The listing says 6 units ("six-unit").
County records 2 units; the listing and its remarks say 6. Check the unit count before relying on these numbers.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| Average unit~707 sqft · 14 leases within 1 mi | 6 | $3,320 | $19,920 |
| Gross rent, all units | $19,920/mo | ||
- Gross rent multiplier
- 14.5
- Price per unit
- $579,167
- NOI (a year)
- $107,395
- Cap rate
- 3.09%
Price ÷ a year's gross rent
Median $330,000 across 31 listed 5+ unit buildings in San Diego County
Default vacancy, management, upkeep, tax, insurance
Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.
Five or more units take a commercial loan, whose terms differ from a home loan's; the cashflow below uses the site's default 20% down, 30-year terms. FHA's owner-occupied 3.5% down covers 2–4 units only.
Compare other buildings on the small multifamily page.
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Est. Monthly Payment
$23,661
Location
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Zoned Schools
Elementary
Alcott Elementary · grades PK-5 · San Diego Unified
Middle
Marston Middle · grades 6-8 · San Diego Unified
High
Clairemont 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.
This is a 6-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
6 units of about 707 sqft, each priced from up to 14 closed leases within 1 mi · $17,220–$21,966
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$11,219/mo short at 20% down; 67% down or +$14,570/mo rent closes it.
- Break-even price
- $2,007,113
- Break-even rent
- $34,490/mo
- Cashflow at 35% down
- −$7,624/mo
- Down payment to break even
- 67%
- Rate to break even
- 0.20%
42% under asking
$14,570/mo above the estimate
$2,328,250 cash
at 20% down
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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