5556 Baja Dr.
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5556 Baja Dr.

Ctop 80%

San Diego, CA 92115

$988,888
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.

25 licensed short-term rentals within ½ mile (16 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$4,553/mo full cashflow at 20% down, 7.43% rate.

Works at $396,000 (60% under asking), or at 87% down.

Rent $3,950/mo from 10 leases of 3-bed houses within 1 mi ($3,412–$3,984).

Beds

3

Baths

2

Sqft

1,153

Year Built

1960

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023289SD

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

Virtual Tour

About This Property

MOTIVATED SELLER!!! INCREDIBLE VALUE IN SAN DIEGO’S COLLEGE AREA! Thoughtfully designed and beautifully renovated, this move-in ready 3-bedroom, 2-bath home offers modern style, comfortable living and an easy-care lifestyle. Vaulted tongue-and-groove ceilings, an open-concept floor plan and abundant natural light through the dual-pane windows create a bright, spacious feel throughout the main living areas. The upgraded kitchen opens directly to the living space and features premium white oak skinny-shaker cabinetry, plenty of counter space and appliances included—perfect for entertaining, gathering and enjoying everyday life. The living area is highlighted by a mid-century inspired fireplace with statement tile, while recessed and accent lighting add warmth throughout the home. New luxury vinyl plank flooring, custom white oak entry built-ins with integrated LED lighting and elegantly remodeled bathrooms with designer tile complete the interior. New condenser for the AC. Outside, custom landscaping and low-maintenance synthetic turf make the yard attractive and easy to care for, giving you more time to enjoy your home and the San Diego lifestyle. Conveniently located in the College Area near SDSU, Good rated schools K - 12th. shopping, dining and major transportation routes. Beautifully updated, thoughtfully designed and ready for its new homeowner. Come experience 5556 Baja Drive.

Mortgage Calculator

Est. Monthly Payment

$6,771

Principal & Interest$5,494
Property Tax$989
Insurance$288
%($197,778)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Hardy Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

  • High

    Henry 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

18C
Est. Monthly Rent
$3,950

10 leases of 3-bed houses within 1 mi · $3,412–$3,984

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,821
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,553

What would make this work?

$4,553/mo short at 20% down; 87% down or +$5,913/mo rent closes it.

Break-even price

60% under asking

$396,000
Break-even rent

$5,913/mo above the estimate

$9,863/mo
Cashflow at 35% down
−$3,523/mo
Down payment to break even

$860,333 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,494
Cap Rate
1.38%
Cash-on-Cash
-27.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.58

NOI (Annual)
$13,656
Price-to-Rent

Lower = better for investors

20.9

* 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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CCashflow−$4,553/mo