6811 Alvarado Rd #24
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6811 Alvarado Rd #24

Atop 10%

San Diego, CA 92120

$425,000
STR: check · no permits in this complex · TOT 12.75%

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

No unit in this 46-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: -$1,681/mo full cashflow at 20% down, 7.43% rate.

Works at $206,159 (51% under asking), or at 77% down.

Rent $2,738/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

98

Property Type

Condo

HOA/mo

$525

MLS ID

260019004SD

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

Tucked away at the rear of the complex, this top-floor, single-level end unit offers a level of privacy and style that is hard to find. Having undergone a complete remodel in recent years, this home shines with a fresh interior palette, luxury vinyl plank flooring, and new baseboards and doors throughout. The heart of the home is the stunningly reimagined kitchen, featuring sleek quartz countertops and custom cabinetry, a theme that carries into each of the beautifully updated bathrooms. The primary en-suite is a true standout, featuring a spacious walk-in closet and the rare convenience of a private secondary entrance. This unique layout offers incredible versatility for various living arrangements. Throughout the home, large windows and updated light fixtures invite an abundance of natural light, while the private balcony serves as a peaceful retreat with views of the surrounding hillside. Modern essentials like central A/C and heating ensure year-round comfort. Located in the pet-friendly Casa de Alvarado community, you’ll have access to fantastic amenities including a pool, spa, sports court, and clubhouse. The location is a commuter’s dream, situated just moments from the Alvarado Trolley Station and SDSU, with local dining and easy freeway access.

Mortgage Calculator

Est. Monthly Payment

$3,435

Principal & Interest$2,361
Property Tax$425
Insurance$124
HOA$525
%($85,000)
%
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

57A
Est. Monthly Rent
$2,738

24 leases of 2-bed condos & townhomes within 2 mi · $2,780–$3,154

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$697
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,681

What would make this work?

$1,681/mo short at 20% down; 77% down or +$2,183/mo rent closes it.

Break-even price

51% under asking

$206,159
Break-even rent

$2,183/mo above the estimate

$4,921/mo
Cashflow at 35% down
−$1,238/mo
Down payment to break even

$327,250 cash

77%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,361
Cap Rate
2.31%
Cash-on-Cash
-23.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.80

NOI (Annual)
$9,804
Price-to-Rent

Lower = better for investors

12.9

* 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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ACashflow−$1,681/mo