
3321 Cheyenne
Ctop 80%San Diego, CA 92117
One license per person in San Diego: whether you can hold it depends on you, not only the home.
35 licensed short-term rentals within ½ mile (15 whole home), from the cities' license and permit lists of Nov 5, 2026.
Pass at asking: -$7,126/mo full cashflow at 20% down, 7.49% rate.
Works at $475,128 (66% under asking), or at 93% down.
Rent $4,760/mo from 10 leases of 2–4 bed houses within 1 mi ($4,107–$5,295).
Beds
3
Baths
2
Sqft
1,469
Year Built
1953
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026340SD
This property is in San Diego (92117). View neighborhood stats →
About This Property
Extensively updated single-family home on a 6,200 sq ft lot with ADU potential, in Bay Park just minutes from Mission Bay. This 3-bedroom, 2-bath residence offers 1,469 square feet of bright, open living space with both bathrooms fully remodeled, new LVP flooring in the bedrooms, and a primary bedroom walk-in closet. The major updates are already done for you, including a new roof, an 11.2 kW Tesla solar system with three Powerwalls, a 200A main panel upgrade, an EV charger, a new water heater, and central AC with a Nest thermostat. Step outside to a huge, fully remodeled backyard featuring a hard-lined gas fire pit, perfect for entertaining, along with a completely redone front yard, both with irrigation on timers. The generous lot offers room to add an ADU for rental income, multigenerational living, or a home office (buyer to verify with the City). The finished garage with built-in workbench and new garage door adds everyday function. Close to the beach, local restaurants, coffee shops, and shopping, this move-in-ready home combines modern efficiency with a prime coastal location.
Mortgage Calculator
Est. Monthly Payment
$9,625
Location
Loading map...
Zoned Schools
Elementary
Toler 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.
Comparable Properties
5 comps foundThis Property
$4,760
Comp Average
$4,611
4455 Pocahontas Ave
3bd / 2ba · 1,405 sqft · Single Family
$1.15M
Est. $4,697/mo
4251 Moraga Avenue
3bd / 2ba · 1,394 sqft · Single Family
$1.23M
Est. $5,011/mo
4539 Gila Ave
3bd / 2ba · 1,342 sqft · Single Family
$1.08M
Est. $4,318/mo
5524 Norwich St
3bd / 2ba · 1,514 sqft · Single Family
$1.23M
Est. $4,741/mo
San Diego
3bd / 2ba · 1,418 sqft · Single Family
$1.12M
Est. $4,290/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 2–4 bed houses within 1 mi · $4,107–$5,295
Blended 50/50 with the zip's market median ($4,761)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,126/mo short at 20% down; 93% down or +$9,254/mo rent closes it.
- Break-even price
- $475,128
- Break-even rent
- $14,014/mo
- Cashflow at 35% down
- −$5,660/mo
- Down payment to break even
- 93%
- Rate to break even
- Not reachable
66% under asking
$9,254/mo above the estimate
$1,301,070 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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