3905 Marine View
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3905 Marine View

Atop 10%

San Diego, CA 92113

$595,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

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

Principal & Interest$3,283
Property Tax$595
Insurance$174
%($119,000)
%
Loan Term

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.

Investment Score

56A
Est. Monthly Rent
$3,094

16 leases of 1–3 bed houses within 2 mi · $2,876–$3,557

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$958
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,165

What would make this work?

$2,165/mo short at 20% down; 73% down or +$2,812/mo rent closes it.

Break-even price

48% under asking

$311,729
Break-even rent

$2,812/mo above the estimate

$5,906/mo
Cashflow at 35% down
−$1,550/mo
Down payment to break even

$434,350 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,283
Cap Rate
2.57%
Cash-on-Cash
-21.83%
DSCR

Need ≥ 1.25 for DSCR loan

0.76

NOI (Annual)
$15,267
Price-to-Rent

Lower = better for investors

16.0

* 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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ACashflow−$2,165/mo