3378 Mountain View Dr
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3378 Mountain View Dr

C

San Diego, CA 92116

$1,895,000
NEW — 4d

Soft Appraisal Value: $1,918,900 · 1.2% below estimate

Beds

2

Baths

1

Sqft

1,056

Year Built

1926

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

260015310SD

This property is in San Diego (92116). View neighborhood stats →

About This Property

Rare development opportunity with 9 approved, shovel-ready units. The property currently consists of a single-family home situated on a large lot, with all plans fully approved and permits already paid. Skip the lengthy entitlement process and begin construction immediately—seller indicates construction could start as soon as next week. This is a turnkey opportunity for builders, developers, and investors looking to accelerate their timeline and avoid years of planning and approvals. Approved plans and development documents are available upon request.

Mortgage Calculator

Est. Monthly Payment

$12,030

Principal & Interest$9,582
Property Tax$1,895
Insurance$553
%($379,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,044
Monthly Cashflow

Rent − PITIA

$-7,986
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,495

Mortgage (P+I)
$9,582
Cap Rate
-0.58%
Cash-on-Cash
-33.23%
DSCR

Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$17,674

NOI (Annual)
$-10,959
Price-to-Rent

Lower = better for investors

39.0

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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