3646 Mission Mesa Way

3646 Mission Mesa Way

Btop 30%

San Diego, CA 92120

$699,900
NEW — 0d
STR: check · HOA rules unknown · TOT 12.75%

2 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 3, 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: -$2,930/mo full cashflow at 20% down, 7.49% rate.

Works at $320,101 (54% under asking), or at 80% down.

Rent $3,745/mo from 14 leases of 2–4 bed condos & townhomes within 2 mi ($3,004–$4,011).

Beds

3

Baths

2.5

Sqft

1,397

Year Built

1984

Days on Market

0

Property Type

Townhouse

HOA/mo

$415

MLS ID

260026175SD

This property is in San Diego (92120). View neighborhood stats →

About This Property

Move-in ready home in the beautiful Mariposa community in Mission Gorge. This 3 bedroom 2 3/4 bathroom townhome features two upper-level bedroom/bathroom suites and a third bedroom on the main level. The kitchen/dining overlook the living room with high ceilings creating a large volume open area. Recent upgrades include popcorn ceiling removal, new laminate flooring and baseboards, new paint throughout, new interior doors and attractively refinished handrailing. The kitchen has new countertops, new sink and faucet new lighting, refinished cabinetry, all new appliances: range, microwave, dishwasher and refrigerator. Each of the three bathrooms has new countertops, sinks, fixtures and lighting. The bathtubs/showers have been re-epoxied. The home is situated in a quiet, secluded section of the complex and does not front, nor back, to any through streets. It has a private patio at the entry, a 2-car attached garage and central heating and air-conditioning. The Mariposa complex includes a community pool, green spaces and tree-lined streets. HOA fee pays for exterior maintenance, roof, trash pick-up and limited insurance on the buildings. This home is conveniently located near Interstates 8, 15, 805, Hwy 163 and Friars Road. Nearby is San Diego State University, two Kaiser medical facilities, Admiral Baker golf course and Mission Trails Regional Park. A recent professional Home Inspection Report is included in the Documents section of this listing. Move-in ready home in the beautiful Mariposa community in Mission Gorge. This 3 bedroom 2 3/4 bathroom townhome features two upper-level bedroom/bathroom suites and a third bedroom on the main level. The kitchen/dining overlook the living room with high ceilings creating a large volume open area. Recent upgrades include popcorn ceiling removal, new laminate flooring and baseboards, new paint throughout, new interior doors and attractively refinished handrailing. The kitchen has new countertops, new sink and faucet new lighting, refinished cabinetry, all new appliances: range, microwave, dishwasher and refrigerator. Each of the three bathrooms has new countertops, sinks, fixtures and lighting. The bathtubs/showers have been re-epoxied. The home is situated in a quiet, secluded section of the complex and does not front, nor back, to any through streets. It has a private patio at the entry, a 2-car attached garage and central heating and air-conditioning. The Mariposa complex includes a community pool, green spaces and tree-lined streets. HOA fee pays for exterior maintenance, roof, trash pick-up and limited insurance on the buildings. This home is conveniently located near Interstates 8, 15, 805, Hwy 163 and Friars Road. Nearby is San Diego State University, two Kaiser medical facilities, Admiral Baker golf course and Mission Trails Regional Park. A recent professional Home Inspection Report is included in the Documents section of this listing.

Mortgage Calculator

Est. Monthly Payment

$5,230

Principal & Interest$3,911
Property Tax$700
Insurance$204
HOA$415
%($139,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Marvin Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

  • High

    Henry 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.

Investment Score

41B
Est. Monthly Rent
$3,745

14 leases of 2–4 bed condos & townhomes within 2 mi · $3,004–$4,011

Blended 50/50 with the zip's market median ($4,142)

Monthly Cashflow

Rent − PITIA

-$1,485
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,930

What would make this work?

$2,930/mo short at 20% down; 80% down or +$3,805/mo rent closes it.

Break-even price

54% under asking

$320,101
Break-even rent

$3,805/mo above the estimate

$7,550/mo
Cashflow at 35% down
−$2,196/mo
Down payment to break even

$559,920 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,911
Cap Rate
2.00%
Cash-on-Cash
-25.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.72

NOI (Annual)
$14,025
Price-to-Rent

Lower = better for investors

15.6

* 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.

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BCashflow−$2,930/mo