6334 Mesita Dr
1 / 20

6334 Mesita Dr

C

San Diego, CA 92115

$950,000
NEW — 1d

Soft Appraisal Value: $937,900 · 1.3% above estimate

Beds

2

Baths

2

Sqft

1,296

Year Built

1951

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260014248SD

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

About This Property

ATTENTION INVESTORS, DEVELOPERS, AND VALUE-ADD BUYERS! Incredible real estate opportunity in San Diego’s highly demanded College East neighborhood. Located at 6334 Mesita Dr, this classic 1951 single-family residence is situated on a flat, usable 5,400 sq ft lot with premium RS-1-7 zoning. This configuration offers massive development potential. The current structure features a highly functional traditional layout with 2 bedrooms, 2 bathrooms with retro tile, hardwood floors throughout and approximately 1,296 sq ft of living space, making it a seamless rental conversion or an ideal modern remodel project. The true crown jewel of this property is its extreme versatility for multi-unit expansion. Leveraging San Diego’s aggressive local housing initiatives, California Senate Bill 9 (SB 9), or Accessory Dwelling Unit (ADU) density codes, developers can look into building multiple income-generating units on the lot. It is a high-yielding goldmine for student housing or a multi-generational family estate. The location delivers an absolute premium on convenience. Positioned just minutes from the San Diego State University (SDSU) campus, local schools, retail centers, vibrant dining hotspots, and major commuter freeways, it ensures a constant stream of high rental demand and strong long-term appreciation. Whether your goal is to flip, hold and collect rent, or build out a multi-unit compound, this property offers an unmatched canvas to maximize yield in a prime urban pocket. Explore the infinite possibilities of this rare College East gem before it is gone!

Mortgage Calculator

Est. Monthly Payment

$6,031

Principal & Interest$4,804
Property Tax$950
Insurance$277
%($190,000)
%

Location

Loading map...

Investment Score

21D
Est. Monthly Rent
$3,706
Monthly Cashflow

Rent − PITIA

$-2,325
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,969

Mortgage (P+I)
$4,804
Cap Rate
1.05%
Cash-on-Cash
-25.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$8,860

NOI (Annual)
$10,019
Price-to-Rent

Lower = better for investors

21.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Get Expert AnalysisOpen Full Calculator