
3905 Marine View
Atop 10%San Diego, CA 92113
One license per person in San Diego: whether you can hold it depends on you, not only the home.
6 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$2,165/mo full cashflow at 20% down, 7.36% rate.
Works at $311,729 (48% under asking), or at 73% down.
Rent $3,094/mo from 16 leases of 1–3 bed houses within 2 mi ($2,876–$3,557).
Beds
2
Baths
2
Sqft
1,062
Year Built
1939
Days on Market
86
Property Type
Single Family
HOA/mo
N/A
MLS ID
DW26180115
This property is in San Diego (92113). Browse neighborhood analytics →
About This Property
Property back in the market. Welcome to this charming single-family home in the heart of Shelltown offering space, character, and long-term potential. This two bedroom, two bathroom residence, with a large third room that works well as a den or family room, features approximately 1,062 square feet of comfortable living space on a generous 5,560 square foot lot with rare backyard alley access, all just minutes from Downtown San Diego, Petco Park, and the San Diego Bay. The expansive backyard provides exceptional outdoor space for entertaining, gardening, adding an ADU, or exploring future expansion possibilities. What truly sets this property apart is R2 zoning, single or two residential dwellings. While the current house is a single home, per the City of San Diego this zoning generally allows for the possibility of building additional residential units on the lot, which could include duplex units or other multiple dwellings, subject to city guidelines and approvals, or someone looking for multi-generational flexibility, this property blends classic San Diego character with development upside in a centrally located neighborhood close to freeways, shopping, parks, schools, and everyday conveniences, making it an opportunity you do not want to miss. Property had termite work done and clearance.
Mortgage Calculator
Est. Monthly Payment
$4,051
Location
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Zoned Schools
Elementary
Balboa Elementary · grades K-5 · San Diego Unified
Middle
Knox Middle · grades 6-8 · San Diego Unified
High
Lincoln 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
$3,094
Comp Average
$3,147
2062 Irving St
2bd / 1ba · 672 sqft · Single Family
$475K
Est. $2,564/mo
3976 Florence Street
3bd / 2ba · 1,472 sqft · Single Family
$699K
Est. $3,706/mo

304 Milbrae St
2bd / 2ba · 1,105 sqft · Single Family
$685K
Est. $3,146/mo
4029 Delta St
3bd / 2ba · 868 sqft · Single Family
$669K
Est. $2,992/mo
4156 Franklin Avenue
4bd / 2ba · 1,158 sqft · Single Family
$760K
Est. $3,325/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 1–3 bed houses within 2 mi · $2,876–$3,557
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,165/mo short at 20% down; 73% down or +$2,812/mo rent closes it.
- Break-even price
- $311,729
- Break-even rent
- $5,906/mo
- Cashflow at 35% down
- −$1,550/mo
- Down payment to break even
- 73%
- Rate to break even
- Not reachable
48% under asking
$2,812/mo above the estimate
$434,350 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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