7391 Margerum Avenue

7391 Margerum Avenue

Ctop 80%

San Diego, CA 92120

$1,525,000
NEW — 1d
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.

10 licensed short-term rentals within ½ mile (9 whole home), from the cities' license and permit lists of Nov 1, 2026.

Pass at asking: -$7,488/mo full cashflow at 20% down, 7.49% rate.

Works at $554,201 (64% under asking), or at 91% down.

Rent $5,552/mo from 19 leases of houses within 2 mi, size-adjusted ($5,128–$5,803).

Beds

6

Baths

4

Sqft

2,304

Year Built

1966

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2608110

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

About This Property

Looking for THE ONE, the house that CHECKS ALL OF YOUR BOXES, a home nestled in your dream neighborhood of Del Cerro with fully owned solar and a pool? Then stop the car and step inside 7391 Margerum Avenue. This exceptional home has been remodeled and will take your breath away as you walk through the front door to see a stunning floor plan where living, dining, kitchen and outdoor spaces flow seamlessly together! Perfect for entertaining all of your family and friends. This home has a showpiece kitchen that features a large pantry, plenty of seating at the dual islands with sleek waterfall edge countertops, Cantina doors for unobstructed views to the sparkling pool in your backyard retreat blending contemporary style and timeless farmhouse inspired details for perfect functionality. On the first floor you also have that highly desired first floor bedroom option with an ensuite perfect for guests, multigenerational living, or a private home office. Upstairs is where the spacious primary suite offers a walk-in closet and a serene retreat spa like bathroom curated finishes that include custom tile, striking black farmhouse inspired hardware and large luxurious soaking tub all of which add to the sophisticated cohesive touch you feel throughout this home. With 2,304 sq ft 6 bedrooms 3.5 bathrooms in one of San Diego's most sought-after communities, is a short drive to top-rated schools, Mission Trails Regional Park, local beaches, and attractions San Diego has to offer . Don't wait to come fall in love today!

Mortgage Calculator

Est. Monthly Payment

$10,492

Principal & Interest$8,522
Property Tax$1,525
Insurance$445
%($305,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Marvin Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis 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

10C
Est. Monthly Rent
$5,552

19 leases of houses within 2 mi, size-adjusted · $5,128–$5,803

Monthly Cashflow

Rent − PITIA

-$4,940
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,488

What would make this work?

$7,488/mo short at 20% down; 91% down or +$9,724/mo rent closes it.

Break-even price

64% under asking

$554,201
Break-even rent

$9,724/mo above the estimate

$15,276/mo
Cashflow at 35% down
−$5,890/mo
Down payment to break even

$1,387,750 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,522
Cap Rate
1.03%
Cash-on-Cash
-29.46%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$15,742
Price-to-Rent

Lower = better for investors

22.9

* Modelled at 20% down, 7.49% 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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CCashflow−$7,488/mo