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648 51 Street

Atop 10%

San Diego, CA 92114

$550,000

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.

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

Pass at asking: -$1,656/mo full cashflow at 20% down, 7.36% rate.

Works at $333,225 (39% under asking), or at 64% down.

Rent $3,307/mo from 11 leases of 2–4 bed houses within 1 mi ($3,348–$3,555).

Beds

Baths

Sqft

1,300

Year Built

1954

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2605868

This property is in San Diego (92114). Browse neighborhood analytics →

Virtual Tour

About This Property

Back on the market! FHA AND VA BUYER OK! Great 3-bedroom, 2-bath home located on a quiet cul-de-sac! This home features beautiful wood flooring throughout. The main level offers two bedrooms and one full bathroom, while the lower level includes a spacious family room, one additional bedroom, and a second full bathroom. The laundry room is conveniently located on the second floor. The property is fully gated and offers ample off-street gated parking. Situated at the end of a cul-de-sac with no neighbors to the right or behind, this home enjoys exceptional privacy. Perched on a hillside, it offers wide-sweeping views of the surrounding neighborhood. The expansive 9,200 sq. ft. lot is zoned R-2 and offers excellent potential to build an ADU (Accessory Dwelling Unit). Don't miss this incredible opportunity!

Mortgage Calculator

Est. Monthly Payment

$3,745

Principal & Interest$3,034

Property Tax$550

Insurance$160

Down Payment

%($110,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Horton Elementary · grades PK-5 · San Diego Unified
Middle
Millennial Tech Middle · grades 6-8 · San Diego Unified
High
Lincoln 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.

Comparable Properties

5 comps found

This Property

$3,307

Comp Average

$3,695

7450 Jamacha Road

3bd / 2ba · 1,310 sqft · Single Family

$749K

Est. $4,113/mo

6729 Broadway

3bd / 2ba · 1,210 sqft · Single Family

$675K

Est. $3,620/mo

451 Billow Dr

3bd / 2ba · 1,202 sqft · Single Family

$750K

Est. $3,629/mo

7121 Skyline Dr

3bd / 2ba · 1,274 sqft · Single Family

$760K

Est. $3,622/mo

5606 Mchugh Street

3bd / 2.5ba · 1,351 sqft · Single Family

$765K

Est. $3,492/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

67A

Est. Monthly Rent

$3,307

11 leases of 2–4 bed houses within 1 mi · $3,348–$3,555

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$437

Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,656

What would make this work?

$1,656/mo short at 20% down; 64% down or +$2,151/mo rent closes it.

Break-even price: $333,225
Break-even rent: $5,458/mo
Cashflow at 35% down: −$1,087/mo
Down payment to break even: 64%
Rate to break even: 0.81%

Mortgage (P+I)

$3,034

Cap Rate

3.37%

Cash-on-Cash

-18.07%

DSCR

Need ≥ 1.25 for DSCR loan

0.88

NOI (Annual)

$18,521

Price-to-Rent

Lower = better for investors

13.9

* 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.

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ACashflow−$1,656/mo