3649 Mission Mesa Way
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3649 Mission Mesa Way

Atop 10%

San Diego, CA 92120

$774,999
NEW — 0d
STR: check · HOA rules unknown · TOT 12.75%

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 →

Virtual Tour

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

Principal & Interest$4,305
Property Tax$775
Insurance$226
HOA$415
%($155,000)
%
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

54A
Est. Monthly Rent
$4,778

12 leases of 3-bed houses within 2 mi · $4,411–$5,147

Blended 50/50 with the zip's market median ($4,604)

Monthly Cashflow

Rent − PITIA

-$943
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,688

What would make this work?

$2,688/mo short at 20% down; 70% down or +$3,491/mo rent closes it.

Break-even price

45% under asking

$424,978
Break-even rent

$3,491/mo above the estimate

$8,269/mo
Cashflow at 35% down
−$1,881/mo
Down payment to break even

$542,499 cash

70%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,305
Cap Rate
2.87%
Cash-on-Cash
-20.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.84

NOI (Annual)
$22,274
Price-to-Rent

Lower = better for investors

13.5

* 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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ACashflow−$2,688/mo