3327 Fenelon
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3327 Fenelon

Dbottom 20%

San Diego, CA 92106

$2,599,000
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.

83 licensed short-term rentals within ½ mile (50 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$14,537/mo full cashflow at 20% down, 7.43% rate.

Works at $706,296 (73% under asking); even all cash loses money at asking.

Rent $7,045/mo from 8 leases of 3–5 bed houses within 0.5 mi ($6,856–$7,669).

Beds

4

Baths

3

Sqft

2,640

Year Built

1949

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023116SD

This property is in San Diego (92106). View neighborhood stats →

Virtual Tour

About This Property

A rare opportunity to own forever-protected, sit-down panoramic views spanning from Mission Hills and the Downtown skyline across San Diego Bay to Mexico and the Pacific Ocean on a clear day. Exceptional indoor/outdoor coastal living, complete with a recorded height restriction deed on the parcel below to preserve your breathtaking view corridor in perpetuity. The main level showcases an open layout designed for effortless entertaining, highlighted by a chef’s kitchen equipped with Bosch appliances, gas cooking, walnut cabinetry with extensive storage, quartz countertops, and designer ceramic tile. Folding glass doors from the kitchen, dining room, and breakfast nook open seamlessly to a covered outdoor patio appointed with an automatic recessed awning, ambient lighting, ceiling fan, gas fire pit, and generous lounge space. The upper level features three bedrooms and two beautifully updated baths. The lower level offers tremendous versatility with a private fourth bedroom, full bath, spacious family room, and separate exterior entrance—ideal for multi-generational living, guest quarters, or a home office suite. Step into the serene, private backyard retreat with fruit trees and a second trellis covered patio for dining and entertainment. Completed by an attached two-car garage with ample storage. Hurry, a landmark view property like this doesn’t come up often. and this one won’t last long!

Mortgage Calculator

Est. Monthly Payment

$17,796

Principal & Interest$14,439
Property Tax$2,599
Insurance$758
%($519,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Silver Gate Elementary · grades K-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.

Investment Score

1D
Est. Monthly Rent
$7,045

8 leases of 3–5 bed houses within 0.5 mi · $6,856–$7,669

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$10,751
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,537

What would make this work?

$14,537/mo short at 20% down; +$18,879/mo rent closes it.

Break-even price

73% under asking

$706,296
Break-even rent

$18,879/mo above the estimate

$25,924/mo
Cashflow at 35% down
−$11,829/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$14,439
Cap Rate
0.12%
Cash-on-Cash
-33.56%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$3,049
Price-to-Rent

Lower = better for investors

30.7

* 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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DCashflow−$14,537/mo