
3636 Mount Alvarez
Btop 30%San Diego, CA 92111
One license per person in San Diego: whether you can hold it depends on you, not only the home.
5 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 6, 2026.
Pass at asking: -$3,445/mo full cashflow at 20% down, 7.43% rate.
Works at $501,407 (47% under asking), or at 73% down.
Rent $5,001/mo from 14 leases of 3–5 bed houses within 1 mi ($4,559–$5,440).
Beds
4
Baths
3
Sqft
1,673
Year Built
1960
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026344SD
This property is in San Diego (92111). Browse neighborhood analytics →
About This Property
Rare Opportunity! Spectacular Panoramic Views in the Heart of Clairemont! Perched at the top of Mount Alvarez Avenue, this 4-bedroom, 3-bath home offers 1,673 square feet of living space and sweeping views stretching from Mount Soledad to Point Loma and beyond! Offered for sale after an incredible 62 years in the same family, this is a truly special opportunity to create your dream home in one of San Diego's most centrally located neighborhoods. The home retains much of its original interior and is ready for a new owner's imagination, creativity, and personal touches. Newer dual-pane windows and a newer furnace provide a head start, while the backyard swimming pool offers exciting possibilities for creating your own private Southern California retreat. The real star of this property is its extraordinary setting! Clairemont offers an unbeatable combination of established neighborhoods, convenient freeway access, and proximity to everything San Diego has to offer. Enjoy Mission Bay, beautiful beaches, parks, shopping, dining, and recreation just minutes from your doorstep. Downtown San Diego, La Jolla, and major employment centers are all within easy reach. Homes with this combination of views, location, and potential rarely become available. Bring your vision and transform this classic Clairemont property into something truly extraordinary. The possibilities are endless! Spectacular Panoramic Views, Exceptional Location, and Incredible Potential! Situated at the top of Mount Alvarez Avenue in San Diego's highly desirable Clairemont neighborhood, this 4-bedroom, 3-bath home offers 1,673 square feet of living space and sweeping views stretching from Mount Soledad to Point Loma and beyond. In the same family for 62 years, and now offered for sale by only its second owners, this property presents a rare opportunity to reimagine a home in a truly special setting. The home retains much of its original interior, offering a blank canvas for buyers looking to renovate, modernize, and make it their own. Newer dual-pane windows and a newer furnace are among the improvements made over the years. Outside, a private swimming pool adds to the possibilities for creating a wonderful Southern California indoor-outdoor lifestyle. And then there's the location! Clairemont is one of San Diego's most centrally situated communities, offering convenient access to just about everything. Mission Bay, beautiful beaches, shopping, restaurants, and recreational opportunities are all just minutes away. Downtown San Diego, La Jolla, and major employment centers are within easy reach. With its remarkable views, established neighborhood, and tremendous potential, this is an opportunity to transform a classic Clairemont home into something truly extraordinary. Bring your vision and make the most of this exceptional location!
Mortgage Calculator
Est. Monthly Payment
$6,504
Location
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Comparable Properties
5 comps foundThis Property
$5,001
Comp Average
$4,897
4545 Mount Bigelow Drive
4bd / 2ba · 1,655 sqft · Single Family
$1.10M
Est. $5,173/mo

6656 Rockglen Ave
3bd / 2ba · 1,766 sqft · Single Family
$1.05M
Est. $4,611/mo
3825 Tiara St
5bd / 2ba · 1,710 sqft · Single Family
$1.15M
Est. $5,088/mo
6590 High Knoll
4bd / 2.5ba · 1,687 sqft · Single Family
$1.20M
Est. $5,289/mo
6521 Goodwin Street
4bd / 2ba · 1,562 sqft · Single Family
$1.18M
Est. $4,326/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
14 leases of 3–5 bed houses within 1 mi · $4,559–$5,440
Blended 50/50 with the zip's market median ($5,343)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,445/mo short at 20% down; 73% down or +$4,474/mo rent closes it.
- Break-even price
- $501,407
- Break-even rent
- $9,475/mo
- Cashflow at 35% down
- −$2,455/mo
- Down payment to break even
- 73%
- Rate to break even
- Not reachable
47% under asking
$4,474/mo above the estimate
$693,427 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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