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4667 60th Street

Ctop 80%

San Diego, CA 92115

$999,000

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.

24 licensed short-term rentals within ½ mile (14 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$4,624/mo full cashflow at 20% down, 7.36% rate.

Works at $393,838 (61% under asking), or at 88% down.

Rent $3,909/mo from 8 leases of 2–4 bed houses within 0.5 mi ($3,590–$3,887).

Beds

Baths

Sqft

1,278

Year Built

1945

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026794SD

This property is in San Diego (92115). View neighborhood stats →

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About This Property

READY TO BUILD! Approved plans for 5 additional units, steps from SDSU. Live in it or rent it AND build! This fully remodeled single-story 3 bed, 2 bath cottage was remodeled in 2021, and sits on a 7,450 sq ft lot within walking distance of SDSU, grocery stores, and restaurants. Plans for 5 additional units are already approved through San Diego’s ADU Bonus Program, so the design and permitting work is done and you can go straight to building. Inside you’ll find fresh paint, new flooring (done in 2026) and an opened-up kitchen. Outside there’s a deck, a big yard with room to build, and a long driveway leading to the detached garage. No HOA. With steady near-campus rental demand and transit nearby, this is a rare chance to own a turnkey home today with the upside already approved.

Mortgage Calculator

Est. Monthly Payment

$6,802

Principal & Interest$5,512

Property Tax$999

Insurance$291

Down Payment

%($199,800)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Fay Elementary · grades PK-5 · San Diego Unified
Middle
Mann Middle · grades 6-8 · San Diego Unified
High
Crawford 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 found

This Property

$3,909

Comp Average

$4,027

4220 Overlook Dr

3bd / 2ba · 1,292 sqft · Single Family

$800K

Est. $4,386/mo

4235 Bernadine Pl

3bd / 1ba · 1,252 sqft · Single Family

$799K

Est. $3,747/mo

6031 Meade Ave

3bd / 1.5ba · 1,288 sqft · Single Family

$849K

Est. $4,019/mo

6367 Cleo Street

3bd / 2ba · 1,364 sqft · Single Family

$925K

Est. $4,245/mo

4592 Contour Blvd

3bd / 2ba · 1,184 sqft · Single Family

$1.07M

Est. $3,736/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

17C

Est. Monthly Rent

$3,909

8 leases of 2–4 bed houses within 0.5 mi · $3,590–$3,887

Blended 50/50 with the zip's market median ($4,083)

Monthly Cashflow

Rent − PITIA

-$2,893

Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,624

What would make this work?

$4,624/mo short at 20% down; 88% down or +$6,006/mo rent closes it.

Break-even price: $393,838
Break-even rent: $9,915/mo
Cashflow at 35% down: −$3,591/mo
Down payment to break even: 88%
Rate to break even: Not reachable

Mortgage (P+I)

$5,512

Cap Rate

1.30%

Cash-on-Cash

-27.77%

DSCR

Need ≥ 1.25 for DSCR loan

0.57

NOI (Annual)

$12,995

Price-to-Rent

Lower = better for investors

21.3

* 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−$4,624/mo