3624 White Sage Lane
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3624 White Sage Lane

Ctop 80%

San Diego, CA 92105

$949,900
STR: check · HOA rules unknown · TOT 12.75%

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 →

Virtual Tour

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

Principal & Interest$5,308
Property Tax$950
Insurance$277
HOA$270
%($189,980)
%
Loan Term

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

$583/sqft

Worth finished
$708K

$434/sqft × 1,629 sqft

Already above finished value
−$242,255

$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

$2.30/sqft × 1,629 sqft, median of 3 comps

Cashflow at that rent
−$4,712/mo

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 found

This Property

$3,847

vs

Comp Average

$3,402

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

15C
Est. Monthly Rent
$3,847

9 leases of 2–4 bed condos & townhomes within 1 mi · $3,879–$4,325

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,958
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,635

What would make this work?

$4,635/mo short at 20% down; 90% down or +$6,019/mo rent closes it.

Break-even price

63% under asking

$349,008
Break-even rent

$6,019/mo above the estimate

$9,866/mo
Cashflow at 35% down
−$3,639/mo
Down payment to break even

$854,910 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,308
Cap Rate
1.09%
Cash-on-Cash
-29.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.57

NOI (Annual)
$10,393
Price-to-Rent

Lower = better for investors

20.6

* 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
CCashflow−$4,635/mo