350 San Elijo

350 San Elijo

Dbottom 20%

San Diego, CA 92106

$3,297,000
NEW — 0d

Pass at asking: -$19,197/mo full cashflow at 20% down, 7.49% rate.

Works at $808,174 (75% under asking); even all cash loses money at asking.

Rent $8,096/mo from 10 leases of 4-bed houses within 2 mi ($8,508–$8,966).

Beds

4

Baths

5.5

Sqft

3,460

Year Built

1951

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026204SD

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

About This Property

Priced Below Appraised Value! La Playa Coastal Retreat -- Refined Living with Exceptional Bay Views. Beautifully renovated & ideally positioned in the coveted La Playa neighborhood of Point Loma, this sophisticated 4-bedroom, 5.5-bath residence offers an exceptional blend of timeless style, modern comfort, & quintessential SoCal living. Set on a spacious corner lot, two blocks from Kellogg's Beach, the home enjoys beautiful views of the bay and an enviable coastal setting outside the flight path. This thoughtfully designed open floor plan / great room creates an effortless connection between the living, dining, and kitchen spaces--an ideal setting for both intimate gatherings and elegant entertaining. The main upper-level features expansive water views, from 2 decks and all main living areas. Three generously sized bedrooms all with their own bathrooms. The primary suite offers a spa like bathroom, walk in closet and access to its own private deck and back yard access. Multiple outdoor spaces extend the living experience beyond the walls of the home, while three of the four decks/patios provide wonderful vantage points to take in the bay views and coastal surroundings. The lower level offers an exceptional private oversized GUEST SUITE located on the ground level, no stairs, complete w/its own kitchen, laundry & TWO full bathrooms. This versatile space provides an ideal retreat for guests, extended family, or those seeking a private and comfortable living area within the home. Attached 2 car garage plus a large storage room, perfect for a wine cellar, gym or art studio! Every detail has been thoughtfully considered in the renovation, creating a residence that feels polished, inviting, and distinctly elevated while retaining the relaxed sophistication that defines La Playa. With its prime beachside location, expansive indoor-outdoor living, beautiful water views, and exceptional sense of place, this is a rare opportunity to experience one of Point Loma's most desirable coastal enclaves.

Mortgage Calculator

Est. Monthly Payment

$22,683

Principal & Interest$18,424
Property Tax$3,297
Insurance$962
%($659,400)
%
Loan Term

Location

Loading map...

Investment Score

0D
Est. Monthly Rent
$8,096

10 leases of 4-bed houses within 2 mi · $8,508–$8,966

Blended 50/50 with the zip's market median ($7,435)

Monthly Cashflow

Rent − PITIA

-$14,587
Full Cashflow

Incl. vacancy, PM, maint, capex

-$19,197

What would make this work?

$19,197/mo short at 20% down; +$24,931/mo rent closes it.

Break-even price

75% under asking

$808,174
Break-even rent

$24,931/mo above the estimate

$33,027/mo
Cashflow at 35% down
−$15,742/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)
$18,424
Cap Rate
-0.13%
Cash-on-Cash
-34.94%
DSCR

Need ≥ 1.25 for DSCR loan

0.36

NOI (Annual)
-$4,413
Price-to-Rent

Lower = better for investors

33.9

* 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
DCashflow−$19,197/mo