
7957 Blue Lake Drive
Ctop 80%San Diego, CA 92119
One license per person in San Diego: whether you can hold it depends on you, not only the home.
5 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$5,784/mo full cashflow at 20% down, 7.36% rate.
Works at $543,129 (58% under asking), or at 85% down.
Rent $5,390/mo from 10 leases of 3–5 bed houses within 2 mi ($5,501–$5,970).
Beds
4
Baths
3
Sqft
2,364
Year Built
1964
Days on Market
49
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608931
This property is in San Diego (92119). Browse neighborhood analytics →
About This Property
Seller concession for a rate buy down being offered to buyer! Welcome to 7957 Blue Lake Drive, a spacious 4-bedroom, 3-bath home in the desirable San Carlos community offering a flexible floor plan, inviting indoor-outdoor living, and a beautifully established backyard just minutes from Lake Murray. The light-filled main living area features a classic brick fireplace with wood-burning stove, crown molding, recessed lighting, and French doors that open directly to an expansive covered patio, creating a seamless extension of the living space for year-round dining and entertaining. The private backyard offers a generous lawn, mature landscaping, multiple seating areas, and a dedicated spa area surrounded by greenery. Inside, the kitchen provides abundant cabinetry and counter space and connects conveniently to the dining and living areas. One of the downstairs bedrooms is currently configured as an additional family/media room with extensive built-in cabinetry, offering versatility as a guest room, home office, playroom, or bedroom. Upstairs, the oversized primary bedroom provides plenty of room to create a comfortable retreat, while additional bedrooms and a flexible loft/office area offer even more usable space. Plantation shutters, ceiling fans, recessed lighting, thoughtful built-ins, and generous attic storage add function throughout the home. Ideally located near Lake Murray, Cowles Mountain, Mission Trails Regional Park, neighborhood shopping and dining, and convenient freeway access, this classic San Carlos home offers exceptional space, flexibility, and a backyard designed to enjoy the San Diego lifestyle.
Mortgage Calculator
Est. Monthly Payment
$8,851
Location
Loading map...
Zoned Schools
Elementary
Benchley/Weinberger Elementary · grades K-5 · San Diego Unified
Middle
Pershing 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
5 comps foundThis Property
$5,390
Comp Average
$5,305
7188 Melotte St
4bd / 2.5ba · 2,277 sqft · Single Family
$1.30M
Est. $5,486/mo
8314 Lake Gaby Avenue
4bd / 3ba · 2,119 sqft · Single Family
$1.22M
Est. $5,133/mo
6880 Maury
4bd / 2.5ba · 2,064 sqft · Single Family
$1.25M
Est. $5,259/mo
7320 Jackson Drive
5bd / 3ba · 2,120 sqft · Single Family
$1.28M
Est. $5,276/mo

6369 LAKE LUCERNE
4bd / 3ba · 2,238 sqft · Single Family
$1.65M
Est. $5,371/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 3–5 bed houses within 2 mi · $5,501–$5,970
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,784/mo short at 20% down; 85% down or +$7,512/mo rent closes it.
- Break-even price
- $543,129
- Break-even rent
- $12,902/mo
- Cashflow at 35% down
- −$4,440/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$7,512/mo above the estimate
$1,104,992 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
Open Full Calculator