6765 Alvarado Road #5
Atop 10%San Diego, CA 92120
15 licensed short-term rentals within ½ mile (10 whole home), from the cities' license and permit lists of Nov 10, 2026.
No unit in this 88-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$1,588/mo full cashflow at 20% down, 7.43% rate.
Works at $218,228 (49% under asking), or at 74% down.
Rent $2,859/mo from 24 leases of 2-bed condos & townhomes within 2 mi ($2,780–$3,154).
Beds
2
Baths
2
Sqft
1,139
Year Built
1970
Days on Market
0
Property Type
Condo
HOA/mo
$525
MLS ID
260026674SD
This property is in San Diego (92120). View neighborhood stats →
About This Property
WOW! Location, location, location! Perfectly positioned just moments from San Diego State University, the Trolley, Alvarado Hospital, and the I-8, with Mission Valley just 5 minutes away and the beach within 15 minutes. This beautifully remodeled 2-bedroom, 2-bathroom home features brand-new flooring, modern dual-pane windows, fresh lighting, ceiling fans, and updated appliances. Offering the rare convenience of both front and back entrances, this versatile layout is exceptionally well-suited for potential room rentals or shared living. A must-see prime location!
Mortgage Calculator
Est. Monthly Payment
$3,435
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.
Comparable Properties
5 comps foundThis Property
$2,859
Comp Average
$2,772
5412 Adobe Falls Rd
2bd / 2ba · 1,144 sqft · Condo
$439K
Est. $2,861/mo
6811 Alvarado Rd
2bd / 2ba · 1,139 sqft · Condo
$425K
Est. $2,738/mo
5462 Adobe Falls Rd
2bd / 2ba · 1,144 sqft · Condo
$469K
Est. $2,910/mo
6787 Alvarado Rd
2bd / 1.5ba · 1,120 sqft · Condo
$478K
Est. $2,847/mo
5553 Adobe Falls
2bd / 2ba · 1,144 sqft · Condo
$485K
Est. $2,503/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
24 leases of 2-bed condos & townhomes within 2 mi · $2,780–$3,154
Blended 50/50 with the zip's market median ($2,701)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,588/mo short at 20% down; 74% down or +$2,062/mo rent closes it.
- Break-even price
- $218,228
- Break-even rent
- $4,921/mo
- Cashflow at 35% down
- −$1,145/mo
- Down payment to break even
- 74%
- Rate to break even
- Not reachable
49% under asking
$2,062/mo above the estimate
$314,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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