3636 Mount Alvarez
1 / 20

3636 Mount Alvarez

Btop 30%

San Diego, CA 92111

$949,900
NEW — 0d
STR-eligible · San Diego Tier 3 · TOT 12.75%

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 →

Virtual Tour

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

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

Location

Loading map...

Investment Score

44B
Est. Monthly Rent
$5,001

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)

Monthly Cashflow

Rent − PITIA

-$1,503
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,445

What would make this work?

$3,445/mo short at 20% down; 73% down or +$4,474/mo rent closes it.

Break-even price

47% under asking

$501,407
Break-even rent

$4,474/mo above the estimate

$9,475/mo
Cashflow at 35% down
−$2,455/mo
Down payment to break even

$693,427 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,277
Cap Rate
2.63%
Cash-on-Cash
-21.76%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$24,988
Price-to-Rent

Lower = better for investors

15.8

* 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.

Open Full Calculator
BCashflow−$3,445/mo