3939 Santa Cruz
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3939 Santa Cruz

Ctop 80%

San Diego, CA 92107

$1,899,000
NEW — 1d
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.

33 licensed short-term rentals within ½ mile (18 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$9,662/mo full cashflow at 20% down, 7.36% rate.

Works at $634,677 (67% under asking), or at 94% down.

Rent $6,299/mo from 11 leases of 3-bed houses within 1 mi ($5,735–$6,238).

Beds

3

Baths

2

Sqft

1,727

Year Built

1955

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026911SD

This property is in San Diego (92107). View neighborhood stats →

About This Property

Beautifully reimagined and extensively remodeled, this exceptional home is ideally located along the border of Point Loma and Ocean Beach, offering the best of coastal San Diego living on a rare for the area cul-de-sac perfect for young families. Thoughtfully updated throughout, the home features a completely remodeled kitchen and bathrooms, new engineered hardwood flooring, smooth-finish walls, and fresh interior paint. The attached bonus room adds valuable versatility and is complete with a stylish bar, creating the perfect setting for entertaining. Step outside to a beautifully designed backyard retreat featuring a built-in barbecue, mini fridge, sink, inviting fire pit, and grassy area perfect for kids. Adding to the appeal is a fully finished detached backyard studio, offering a versatile space ideal for a home office, creative workspace, or private escape. With extensive upgrades, flexible living spaces, and an enviable location between Point Loma and Ocean Beach, this move-in-ready home captures the essence of the Southern California coastal lifestyle.

Mortgage Calculator

Est. Monthly Payment

$12,930

Principal & Interest$10,477
Property Tax$1,899
Insurance$554
%($379,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Silver Gate Elementary · grades K-4 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

  • High

    Point Loma 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

7C
Est. Monthly Rent
$6,299

11 leases of 3-bed houses within 1 mi · $5,735–$6,238

Blended 50/50 with the zip's market median ($6,454)

Monthly Cashflow

Rent − PITIA

-$6,631
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,662

What would make this work?

$9,662/mo short at 20% down; 94% down or +$12,549/mo rent closes it.

Break-even price

67% under asking

$634,677
Break-even rent

$12,549/mo above the estimate

$18,848/mo
Cashflow at 35% down
−$7,698/mo
Down payment to break even

$1,785,060 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$10,477
Cap Rate
0.71%
Cash-on-Cash
-30.53%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$13,556
Price-to-Rent

Lower = better for investors

25.1

* 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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CCashflow−$9,662/mo