3575 Waco Street
Dbottom 20%San Diego, CA 92117
One license per person in San Diego: whether you can hold it depends on you, not only the home.
22 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$6,993/mo full cashflow at 20% down, 7.36% rate.
Works at $334,975 (73% under asking); even all cash loses money at asking.
Rent $3,325/mo from 12 leases of 1–3 bed houses within 1 mi ($3,053–$3,508).
Beds
2
Baths
1
Sqft
806
Year Built
1953
Days on Market
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2607317
This property is in San Diego (92117). View neighborhood stats →
About This Property
Bay Park development opportunity across from a neighborhood park! Enjoy the neighborhood’s mix of local restaurants and cafés, with Mission Bay, Tecolote Canyon trails, and the coast nearby. The property currently has an approximately 806 sq. ft. two-bedroom home. The seller has stamped plans for four proposed rear ADUs, each designed with two bedrooms and one bathroom. The proposed second-floor ADUs will have peekaboo ocean views; buyer to verify views from the completed units. Plans and project documents are available for review.
Mortgage Calculator
Est. Monthly Payment
$8,511
Location
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Zoned Schools
Elementary
Toler Elementary · grades PK-5 · San Diego Unified
Middle
Marston Middle · grades 6-8 · San Diego Unified
High
Clairemont 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.
Comparable Properties
5 comps foundThis Property
$3,325
Comp Average
$3,266
4519 Bannock Avenue
2bd / 1ba · 764 sqft · Single Family
$800K
Est. $3,156/mo
3904 Willamette Avenue
2bd / 1ba · 780 sqft · Single Family
$895K
Est. $3,424/mo
4740 Shoshoni Ave.
2bd / 1ba · 785 sqft · Single Family
$895K
Est. $3,204/mo
4612 Kleefeld
2bd / 1ba · 780 sqft · Single Family
$875K
Est. $3,027/mo
4190 Clairemont Dr
2bd / 1ba · 888 sqft · Single Family
$1.30M
Est. $3,517/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 1–3 bed houses within 1 mi · $3,053–$3,508
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,993/mo short at 20% down; +$9,082/mo rent closes it.
- Break-even price
- $334,975
- Break-even rent
- $12,407/mo
- Cashflow at 35% down
- −$5,700/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
73% under asking
$9,082/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, 7.36% 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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