
3649 Mission Mesa Way
Atop 10%San Diego, CA 92120
2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 6, 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: -$2,688/mo full cashflow at 20% down, 7.43% rate.
Works at $424,978 (45% under asking), or at 70% down.
Rent $4,778/mo from 12 leases of 3-bed houses within 2 mi ($4,411–$5,147).
Beds
3
Baths
2.5
Sqft
1,802
Year Built
1984
Days on Market
0
Property Type
Single Family
HOA/mo
$415
MLS ID
PTP2608237
This property is in San Diego (92120). View neighborhood stats →
About This Property
Set among towering pines and mature shade trees, this end-unit home sits within a beautifully maintained, park-like community spanning 12 sprawling acres. A landscaped stairway leads to the entry, where terracotta-toned stamped concrete sets a warm, Spanish-inspired tone beneath the tile roofline. Inside, the living room opens beneath soaring ceilings and a row of high windows that pull natural light deep into the space. Sliding glass doors open to a private patio finished in the same terracotta stamped concrete, an easy extension of the living space for morning coffee or quiet evenings outdoors. The dining room overlooks the living room below through an open railing, keeping the two spaces visually connected while giving each its own sense of place. Warm wood-toned plank flooring carries through to a second living room and breakfast nook, anchored by a white-painted brick fireplace with a wood mantel and brightened by two walls of windows. The kitchen offers a recessed ceiling trimmed in crown molding and stainless steel appliances, including a gas range and French-door refrigerator. Upstairs, an open loft offers a versatile space for a home office, reading area, or additional living room. The primary suite sits to one side of the loft for added separation. Vaulted ceilings and a broad window look directly into the treetops, giving the room a private, tucked-away feel. A walk-in closet and an ensuite bath with a dual vanity and separate shower room complete the retreat. On the opposite side of the loft, two additional bedrooms share a full bath with a long single vanity and a tub-shower combination. The garage level adds everyday practicality. Entering from the upgraded metal garage door, an open area just inside offers flexible space for storage, a mudroom, or a workspace before stepping into the home. The home has been thoughtfully cared for and updated, including windows replaced in 2014, a new HVAC system with a smart thermostat and an updated electrical panel in 2025, and an exceptionally quiet whole-house fan that draws in cool evening air. A smart water leak-detection system adds peace of mind, while plantation shutter windows throughout lend a refined, finished look. Beyond the front door, the community is the defining feature. Winding pathways lead beneath sprawling trees and across manicured lawns to a resort-style pool and spa, surrounded by lounge chairs and shaded umbrellas. The grounds are well kept by an attentive HOA, creating a setting that feels more like a private park than a neighborhood, with the ease of an end-unit home and none of the upkeep of a large yard. Because the home is a single-family PUD rather than a condominium, the home will not be subject to new condo approval guidelines, which will make financing a breeze. Living in Del Cerro places you in a well-established neighborhood known for its quiet streets and easy access to the outdoors, with Mission Trails Regional Park close by. You’ll feel tucked away, yet the rest of San Diego is just minutes away.
Mortgage Calculator
Est. Monthly Payment
$5,721
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
$4,778
Comp Average
$4,710
3566 Mission Mesa Way
3bd / 2.5ba · 1,618 sqft · Single Family
$725K
Est. $4,231/mo

4975 Greenbrier Avenue
3bd / 2ba · 1,798 sqft · Single Family
$1.15M
Est. $5,494/mo
5434 Brunswick Ave
3bd / 2ba · 1,570 sqft · Single Family
$1.05M
Est. $4,452/mo
6832 Cartwright
3bd / 2ba · 1,679 sqft · Single Family
$1.10M
Est. $4,545/mo
5428 Brunswick
3bd / 2.5ba · 1,914 sqft · Single Family
$1.20M
Est. $4,830/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 3-bed houses within 2 mi · $4,411–$5,147
Blended 50/50 with the zip's market median ($4,604)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,688/mo short at 20% down; 70% down or +$3,491/mo rent closes it.
- Break-even price
- $424,978
- Break-even rent
- $8,269/mo
- Cashflow at 35% down
- −$1,881/mo
- Down payment to break even
- 70%
- Rate to break even
- Not reachable
45% under asking
$3,491/mo above the estimate
$542,499 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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