8314 Lake Gaby Avenue
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8314 Lake Gaby Avenue

Ctop 80%

San Diego, CA 92119

$1,223,501
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.

6 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$5,398/mo full cashflow at 20% down, 7.36% rate.

Works at $517,159 (58% under asking), or at 84% down.

Rent $5,133/mo from 9 leases of 3–5 bed houses within 2 mi ($5,329–$5,561).

Beds

4

Baths

3

Sqft

2,119

Year Built

1960

Days on Market

71

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2606653

This property is in San Diego (92119). Browse neighborhood analytics →

Virtual Tour

About This Property

First time on the market in desirable San Carlos! Lovingly maintained by its original owners, this extensively upgraded, single-level home offers comfortable living, quality improvements, and an exceptional bonus: a private 1-bedroom, 1-bath ADU with excellent potential for rental income or extended family living. Whether you're looking for extra income, multigenerational living, or a private space for guests, the ADU adds tremendous versatility and value. The beautifully upgraded interior features designer paint, recessed lighting, abundant natural light, and generously sized rooms. The remodeled kitchen is a standout, complete with a large center island, stainless steel appliances, wine fridge, and custom Heikka cabinetry. The expansive living room, featuring a cozy fireplace, provides plenty of space to relax and entertain. Major improvements offer added value and peace of mind, including brand-new plumbing throughout the main home all the way to the street, backed by a lifetime warranty, new electrical wiring in the main house, a new electrical panel for the ADU, and newer roof, windows, HVAC and heating systems, and tankless water heater. Updated bathrooms and fresh exterior paint further enhance the home's appeal. Outside, enjoy a spacious backyard with a convenient storage shed and a large driveway offering ample parking. Ideally located near shopping, dining, schools, and freeway access, with Cowles Mountain, San Carlos Community Garden, and Lake Murray just minutes away. A rare opportunity to own an extensively updated home with a separate ADU offering outstanding rental or extended family potential in one of San Carlos's desirable neighborhoods!

Mortgage Calculator

Est. Monthly Payment

$8,331

Principal & Interest$6,750
Property Tax$1,224
Insurance$357
%($244,700)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Gage 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.

Investment Score

16C
Est. Monthly Rent
$5,133

9 leases of 3–5 bed houses within 2 mi · $5,329–$5,561

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,198
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,398

What would make this work?

$5,398/mo short at 20% down; 84% down or +$7,010/mo rent closes it.

Break-even price

58% under asking

$517,159
Break-even rent

$7,010/mo above the estimate

$12,143/mo
Cashflow at 35% down
−$4,132/mo
Down payment to break even

$1,027,741 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,750
Cap Rate
1.58%
Cash-on-Cash
-26.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$19,308
Price-to-Rent

Lower = better for investors

19.9

* 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.

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CCashflow−$5,398/mo