5018 Soledad Rd
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5018 Soledad Rd

Dbottom 20%

San Diego, CA 92109

$4,000,000
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.

82 licensed short-term rentals within ½ mile (49 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$25,095/mo full cashflow at 20% down, 7.43% rate.

Works at $732,622 (82% under asking); even all cash loses money at asking.

Rent $7,308/mo from 17 leases of 3-bed houses within 1 mi ($6,308–$8,629).

Beds

3

Baths

2

Sqft

2,151

Year Built

1960

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023301SD

This property is in San Diego (92109). View neighborhood stats →

Virtual Tour

About This Property

Perched high above the city in the prestigious Kate Sessions neighborhood, this spectacular .66-acre estate offers a rare vantage point where the sparkling waters of Mission Bay meet the iconic San Diego skyline. By day, enjoy panoramic coastal views; by night, watch the city lights come alive in a dazzling display. This expansive property is a true rarity, offering the scale and privacy that the most discerning buyers dream of. Whether you envision creating a sprawling private compound, exploring the potential for a lot split, or developing a custom architectural masterpiece, the possibilities here are as vast as the views. The existing residence serves as a sophisticated sanctuary, featuring a beautifully appointed kitchen and thoughtful upgrades throughout. It is perfectly suited to enjoy as-is while you curate your long-term vision for the grounds. Properties of this magnitude, offering such a seamless blend of privacy and proximity to San Diego’s premier coastal lifestyle, are exceptionally hard to find. We invite you to come experience the setting, the serenity, and the extraordinary potential of this one-of-a-kind estate for yourself.

Mortgage Calculator

Est. Monthly Payment

$27,388

Principal & Interest$22,222
Property Tax$4,000
Insurance$1,167
%($800,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sessions Elementary · grades K-5 · San Diego Unified

  • Middle

    Pacific Beach Middle · grades 6-8 · San Diego Unified

  • High

    Mission Bay 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

0D
Est. Monthly Rent
$7,308

17 leases of 3-bed houses within 1 mi · $6,308–$8,629

Blended 50/50 with the zip's market median ($6,619)

Monthly Cashflow

Rent − PITIA

-$20,081
Full Cashflow

Incl. vacancy, PM, maint, capex

-$25,095

What would make this work?

$25,095/mo short at 20% down; +$32,591/mo rent closes it.

Break-even price

82% under asking

$732,622
Break-even rent

$32,591/mo above the estimate

$39,899/mo
Cashflow at 35% down
−$20,928/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$22,222
Cap Rate
-0.75%
Cash-on-Cash
-37.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.27

NOI (Annual)
-$30,093
Price-to-Rent

Lower = better for investors

45.6

* 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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DCashflow−$25,095/mo