3646 Mission Mesa Way
Btop 30%San Diego, CA 92120
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
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.
Comparable Properties
5 comps foundThis Property
$3,745
Comp Average
$3,590
3514 Mission Mesa Way
3bd / 3ba · 1,397 sqft · Townhouse
$750K
Est. $3,800/mo
7379 Caminito Carlotta
3bd / 2.5ba · 1,659 sqft · Townhouse
$720K
Est. $3,823/mo

7982 Mission
2bd / 2.5ba · 1,618 sqft · Townhouse
$745K
Est. $3,533/mo
7966 Mission
3bd / 3ba · 1,397 sqft · Condo
$820K
Est. $3,330/mo

5617 Adobe Falls Rd
3bd / 2ba · 1,368 sqft · Condo
$800K
Est. $3,462/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,930/mo short at 20% down; 80% down or +$3,805/mo rent closes it.
- Break-even price
- $320,101
- Break-even rent
- $7,550/mo
- Cashflow at 35% down
- −$2,196/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$3,805/mo above the estimate
$559,920 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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