3569 Monroe Avenue
Dbottom 20% of multifamilySan Diego, CA 92116
One license per person in San Diego: whether you can hold it depends on you, not only the home.
104 licensed short-term rentals within ½ mile (59 whole home), from the cities' license and permit lists of Nov 10, 2026.
Pass at asking: -$7,023/mo full cashflow at 20% down, 7.43% rate.
Works at $484,680 (65% under asking), or at 93% down.
Rent $4,834/mo: 2 units of about 662 sqft, each priced from up to 13 closed leases within 0.5 mi ($4,436–$5,262).
Beds
—
Baths
—
Sqft
1,324
Year Built
2026
Days on Market
45
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
NDP2608966
This property is in San Diego (92116). View neighborhood stats →
About This Property
Two Brand-New Construction homes in the Heart of San Diego! A rare opportunity to own a thoughtfully designed property featuring two brand-new residences on one lot, offering exceptional flexibility for homeowners, multigenerational living, guests, or rental income. The newly constructed two-story front residence, designed for today’s lifestyle, features a fresh, modern aesthetic, and an efficient floor plan. It features two bedrooms and 2 bathrooms, with approx. 900 sqft of living space. The two-story design creates a comfortable separation between living and sleeping spaces while maximizing the use of the footprint. Tandem driveway offers off street parking. Behind the main home is a brand-new detached ADU offering approximately 420 square feet, with 1 bedroom and 1 bathroom. This single-level residence provides an ideal private space for guests, extended family, a home office, or an additional rental opportunity. With its own dedicated living environment, the ADU adds tremendous versatility and value to the property.
House + ADU · 2 units
Valued on income: each unit priced from closed leases nearby, then added up. County records 2 units: a single-family parcel with an ADU.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| Average unit~662 sqft · 13 leases within 0.5 mi | 2 | $2,417 | $4,834 |
| Gross rent, all units | $4,834/mo | ||
- Gross rent multiplier
- 24.1
- Price per unit
- $699,500
- NOI (a year)
- $11,893
- Cap rate
- 0.85%
Price ÷ a year's gross rent
Median $525,000 across 89 listed 2–4 unit buildings in San Diego County
Default vacancy, management, upkeep, tax, insurance
Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.
House hack with FHA
Live in the one unit, rent the other 1.
- Down payment
- $295,000
- Your cost to live there
- $9,366/mo
- More than renting it
- $6,949/mo
21.1% · plus closing costs
After $2,417/mo from the other unit
vs $2,417/mo to rent the same unit
How this is figured
- Loan $1,123,320 ($1,104,000 + 1.75% upfront mortgage insurance) at 7.18% (Freddie Mac 30-year average, week of Nov 5, 2026), 30 years: $7,610/mo
- FHA mortgage insurance $644/mo · property tax $1,399/mo · insurance $408/mo
- Vacancy, management and capex on the rented units, upkeep on the building: $1,722/mo
- FHA counts a house with one ADU as a one-unit home: 3.5% down when you live there, up to HUD's 2026 San Diego County one-unit limit ($1,104,000); this price is above it, so the down payment covers the difference. Lenders count only part of the other units' rent toward qualifying.
Compare other buildings on the small multifamily page.
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Est. Monthly Payment
$9,579
Location
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Zoned Schools
Elementary
Normal Heights Elementary · grades PK-5 · San Diego Unified
Middle
Wilson Middle · grades 6-8 · San Diego Unified
High
Hoover 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.
This is a 2-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
2 units of about 662 sqft, each priced from up to 13 closed leases within 0.5 mi · $4,436–$5,262
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,023/mo short at 20% down; 93% down or +$9,120/mo rent closes it.
- Break-even price
- $484,680
- Break-even rent
- $13,954/mo
- Cashflow at 35% down
- −$5,565/mo
- Down payment to break even
- 93%
- Rate to break even
- Not reachable
65% under asking
$9,120/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, 7.43% 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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