6031 Meade Ave
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6031 Meade Ave

Btop 30%

San Diego, CA 92115

$849,000
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.

30 licensed short-term rentals within ½ mile (13 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$3,426/mo full cashflow at 20% down, 7.43% rate.

Works at $402,860 (53% under asking), or at 79% down.

Rent $4,019/mo from 8 leases of 3-bed houses within 1 mi, same school area ($3,782–$4,104).

Beds

3

Baths

1.5

Sqft

1,288

Year Built

1950

Days on Market

96

Property Type

Single Family

HOA/mo

N/A

MLS ID

260019192SD

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

Virtual Tour

About This Property

Updated, Move-In Ready Living in the Heart of El Cerrito! Discover the possibilities in this refreshed single-story home tucked away on a quiet cul-de-sac in the desirable El Cerrito neighborhood. Offering 3 bedrooms, 1.5 bathrooms, approximately 1,288 square feet of living space, and a 5,300-square-foot lot, this home combines meaningful updates with the opportunity to make it your own. Inside, you'll find fresh improvements throughout, including updated living and sitting areas, a dedicated dining space, and a remodeled kitchen featuring new cabinetry, countertops, and appliances. All three bedrooms have been updated, while attractive flooring, an upgraded electrical system, and an energy-efficient mini-split heating and cooling system add comfort and convenience. Outside is a spacious backyard with room to entertain, garden, create an outdoor retreat, or simply enjoy the Southern California sunshine. The single-story layout and versatile living spaces offer flexibility for a variety of lifestyles. Conveniently located near San Diego State University, shopping, restaurants, parks, and major freeways, this home puts many of central San Diego's popular destinations within easy reach. If you've been looking for an updated single-story home in an established San Diego neighborhood, this is an opportunity worth exploring. Come see the possibilities and imagine making it your own!

Mortgage Calculator

Est. Monthly Payment

$5,813

Principal & Interest$4,717
Property Tax$849
Insurance$248
%($169,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Pendleton Elementary · grades K-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.

Investment Score

37B
Est. Monthly Rent
$4,019

8 leases of 3-bed houses within 1 mi, same school area · $3,782–$4,104

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,795
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,426

What would make this work?

$3,426/mo short at 20% down; 79% down or +$4,450/mo rent closes it.

Break-even price

53% under asking

$402,860
Break-even rent

$4,450/mo above the estimate

$8,469/mo
Cashflow at 35% down
−$2,542/mo
Down payment to break even

$670,710 cash

79%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,717
Cap Rate
2.11%
Cash-on-Cash
-24.21%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$17,893
Price-to-Rent

Lower = better for investors

17.6

* 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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BCashflow−$3,426/mo