6369 LAKE LUCERNE

6369 LAKE LUCERNE

Ctop 80%

San Diego, CA 92119

$1,649,000
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.

6 licensed short-term rentals within ½ mile (5 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$8,466/mo full cashflow at 20% down, 7.36% rate.

Works at $541,138 (67% under asking), or at 95% down.

Rent $5,371/mo from 12 leases of 3–5 bed houses within 2 mi ($5,087–$5,746).

Beds

4

Baths

3

Sqft

2,238

Year Built

1968

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027008SD

This property is in San Diego (92119). Browse neighborhood analytics →

About This Property

A beautiful entry establishes a sophisticated introduction to this contemporary split level home. Spanning 2,238 square feet, this gorgeous residence has undergone a thoughtful renovation that prioritizes both modern aesthetics and a functional, intuitive flow. The interior is defined by an open concept layout, anchored by luxury vinyl plank flooring and a crisp, neutral palette that maximizes the abundance of natural light. The kitchen features warm oak cabinetry paired with sleek quartz countertops and premium stainless steel appliances. The expansive breakfast bar serves as a natural bridge to the main living areas, creating a cohesive space for daily routines. The lower level offers a secondary living space, complete with a fireplace and a dedicated wet bar. Large sliding doors provide a direct connection to the outdoors, ensuring a seamless transition between the interior and the grounds. The home's quality is further reflected in the three remodeled bathrooms, each finished with high end cabinetry and quartz countertops to match the standard set in the four bedrooms. The backyard serves as a private retreat, recently enhanced with new hardscaping and a freshly replastered pool. Located on a well maintained street with proximity to the recreational trails and outdoor activities at Lake Murray, this turnkey property offers a refined living experience in a sought after location! The kitchen features warm oak cabinetry paired with sleek quartz countertops and premium stainless steel appliances. The expansive breakfast bar serves as a natural bridge to the main living areas, creating a cohesive space for daily routines. The lower level offers a secondary living space, complete with a fireplace and a dedicated wet bar. Large sliding doors provide a direct connection to the outdoors, ensuring a seamless transition between the interior and the grounds. The home's quality is further reflected in the three remodeled bathrooms, each finished with high end cabinetry and quartz countertops to match the standard set in the four bedrooms. The backyard serves as a private retreat, recently enhanced with new hardscaping and a freshly replastered pool. Located on a well maintained street with proximity to the recreational trails and outdoor activities at Lake Murray, this turnkey property offers a refined living experience in a sought after location!

Mortgage Calculator

Est. Monthly Payment

$11,228

Principal & Interest$9,098
Property Tax$1,649
Insurance$481
%($329,800)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Benchley/Weinberger Elementary · grades K-5 · San Diego Unified

  • Middle

    Pershing 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

7C
Est. Monthly Rent
$5,371

12 leases of 3–5 bed houses within 2 mi · $5,087–$5,746

Blended 50/50 with the zip's market median ($5,242)

Monthly Cashflow

Rent − PITIA

-$5,857
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,466

What would make this work?

$8,466/mo short at 20% down; 95% down or +$10,995/mo rent closes it.

Break-even price

67% under asking

$541,138
Break-even rent

$10,995/mo above the estimate

$16,366/mo
Cashflow at 35% down
−$6,761/mo
Down payment to break even

$1,566,550 cash

95%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,098
Cap Rate
0.65%
Cash-on-Cash
-30.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.48

NOI (Annual)
$10,801
Price-to-Rent

Lower = better for investors

25.6

* 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.

Open Full Calculator
CCashflow−$8,466/mo