
3624 White Sage Lane
Ctop 80%San Diego, CA 92105
23 licensed short-term rentals within ½ mile (15 whole home), from the cities' license and permit lists of Nov 2, 2026.
HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.
Pass at asking: -$4,635/mo full cashflow at 20% down, 7.49% rate.
Works at $349,008 (63% under asking), or at 90% down.
Rent $3,847/mo from 9 leases of 2–4 bed condos & townhomes within 1 mi ($3,879–$4,325).
Beds
3
Baths
2
Sqft
1,629
Year Built
1980
Days on Market
45
Property Type
Townhouse
HOA/mo
$270
MLS ID
PTP2607050
This property is in San Diego (92105). View neighborhood stats →
About This Property
Welcome to 3624 White Sage Ln, an exceptionally rare offering in the highly sought-after Bay Ridge community. Situated on the largest lot in the entire development, this property presents a truly unique opportunity with the potential to add a detached ADU, creating the possibility for a 5-unit income-producing compound in the heart of central San Diego (concept plans available). HOA approval allows for ADU construction potential rarely found within attached-home communities, making this an outstanding opportunity for investors, multigenerational living, or buyers seeking long-term upside. Featuring one of the most desirable floor plans in Bay Ridge with a loft layout, the home combines flexibility, privacy, and development potential in a way that is exceedingly difficult to find. Tucked into a quiet and secluded section of the neighborhood, the expansive backyard offers an incredible amount of usable outdoor space along with the rare ability to further maximize the property’s potential. Inside, the residence has been thoughtfully updated with a remodeled kitchen, upgraded finishes throughout, and a functional open layout designed for comfortable everyday living. The loft configuration adds architectural character and versatility, while the indoor-outdoor flow opens seamlessly to the oversized patio and grounds. Properties offering this combination of lot size, ADU potential, location, and existing upgrades are extraordinarily rare, especially within a newer-built community in central San Diego. Whether you're searching for a primary residence with future flexibility or a unique value-add investment opportunity, 3624 White Sage Ln stands in a category of its own. Virtual renderings included for illustrative purposes only. Buyer to verify all ADU potential, approvals, permits, HOA requirements, and development feasibility.
Mortgage Calculator
Est. Monthly Payment
$6,805
Location
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Zoned Schools
Elementary
Rowan Elementary · grades PK-5 · San Diego Unified
Middle
Clark 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.
Renovation math
Flagged Light Value-Add from the listing remarks — “value-add”.
- Asking now
- $950K
- Worth finished
- $708K
- Already above finished value
- −$242,255
$583/sqft
$434/sqft × 1,629 sqft
$149/sqft over
Comparable finished homes nearby suggest this is worth about $708K — below the asking price. A renovation here has to be funded out of the purchase, not the spread.
Rent once renovated
- Rent at par
- $3,746/mo
- Cashflow at that rent
- −$4,712/mo
$2.30/sqft × 1,629 sqft, median of 3 comps
cap rate 0.99%, DSCR 0.55
Heads up: the rent estimate elsewhere on this page ($3,847/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $3,746/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 3 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
3 comps foundThis Property
$3,847
Comp Average
$3,402
5420 Zeil Place
3bd / 2.5ba · 1,494 sqft · Condo
$610K
Est. $3,418/mo
5422 Zeil Pl
3bd / 2.5ba · 1,494 sqft · Townhouse
$649K
Est. $3,436/mo
3549 42nd St
3bd / 2ba · 1,199 sqft · Condo
$799K
Est. $3,352/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2–4 bed condos & townhomes within 1 mi · $3,879–$4,325
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,635/mo short at 20% down; 90% down or +$6,019/mo rent closes it.
- Break-even price
- $349,008
- Break-even rent
- $9,866/mo
- Cashflow at 35% down
- −$3,639/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
63% under asking
$6,019/mo above the estimate
$854,910 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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