7747 Margerum Ave #126
Btop 30%San Diego, CA 92120
9 licensed short-term rentals within ½ mile (6 whole home), from the cities' license and permit lists of Nov 5, 2026.
No unit in this 64-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: -$1,906/mo full cashflow at 20% down, 7.49% rate.
Works at $151,948 (62% under asking), or at 89% down.
Rent $2,046/mo from 15 leases of studio–2 bed condos & townhomes within 2 mi ($1,907–$2,197).
Beds
1
Baths
1
Sqft
643
Year Built
1978
Days on Market
0
Property Type
Condo
HOA/mo
$403.73
MLS ID
260026291SD
This property is in San Diego (92120). View neighborhood stats →
About This Property
NEW FLOORING,Welcome home to this charming 1BD/1BA condo in the heart of San Carlos! This condo features granite countertops, full size washer and dryer in unit and a good size bedroom sual pane windows and a good size balcony. The complex offers a nice pool, spa, gym, tennis and bbq. Great for first-time buyers, investors, or anyone looking to downsize without giving up comfort. And the location? San Carlos has that laid-back neighborhood vibe, with Cowles Mountain and Lake Murray just minutes away for hiking and outdoor fun. Grab a bite or run errands along Navajo and Jackson Drive, or hop on the freeway for an easy commute to SDSU, Grossmont College, or anywhere else in San Diego. Come see why this little corner of San Carlos feels like home!
Mortgage Calculator
Est. Monthly Payment
$3,149
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.
Comparable Properties
4 comps foundThis Property
$2,046
Comp Average
$1,783
6665 Mission Gorge Road
1bd / 1ba · 676 sqft · Condo
$329K
Est. $2,149/mo
6675 Mission Gorge Road
1bd / 1ba · 626 sqft · Condo
$330K
Est. $1,929/mo
6675 Mission Gorge Road
1bd / 1ba · 626 sqft · Condo
$375K
Est. $1,929/mo
6120 Decena
1bd / 1ba · 666 sqft · Condo
$420K
Est. $1,124/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
15 leases of studio–2 bed condos & townhomes within 2 mi · $1,907–$2,197
Blended 50/50 with the zip's market median ($1,984)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,906/mo short at 20% down; 89% down or +$2,475/mo rent closes it.
- Break-even price
- $151,948
- Break-even rent
- $4,521/mo
- Cashflow at 35% down
- −$1,487/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$2,475/mo above the estimate
$355,110 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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