350 San Elijo
Dbottom 20%San Diego, CA 92106
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.
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Est. Monthly Payment
$22,683
Location
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Comparable Properties
5 comps foundThis Property
$8,096
Comp Average
$8,423
942 Rosecrans St
5bd / 3ba · 3,200 sqft · Single Family
$2.45M
Est. $8,712/mo
3320 Hill
3bd / 3ba · 3,486 sqft · Single Family
$2.75M
Est. $7,559/mo
1769 Plum
4bd / 4ba · 3,948 sqft · Single Family
$3.25M
Est. $9,238/mo
3327 Fenelon
4bd / 3ba · 2,640 sqft · Single Family
$2.60M
Est. $7,125/mo
2540 Chatsworth
4bd / 4.5ba · 4,173 sqft · Single Family
$3.75M
Est. $9,480/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 4-bed houses within 2 mi · $8,508–$8,966
Blended 50/50 with the zip's market median ($7,435)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$19,197/mo short at 20% down; +$24,931/mo rent closes it.
- Break-even price
- $808,174
- Break-even rent
- $33,027/mo
- Cashflow at 35% down
- −$15,742/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
75% under asking
$24,931/mo above the estimate
Negative even all-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.
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