921 Court Way
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921 Court Way

Dbottom 20%

San Diego, CA 92103

$3,379,000
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.

28 licensed short-term rentals within ½ mile (16 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$19,947/mo full cashflow at 20% down, 7.43% rate.

Works at $781,999 (77% under asking); even all cash loses money at asking.

Rent $7,800/mo from 16 leases of 3–5 bed houses within 2 mi, same school area ($7,421–$9,085).

Beds

4

Baths

4

Sqft

3,130

Year Built

1921

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023452SD

This property is in San Diego (92103). View neighborhood stats →

Virtual Tour

About This Property

This Victorian inspired beauty in the Franklin Court section of Mission Hills is a sophisticated blend of historic character, elevated design, and modern luxury. Thoughtfully remodeled while preserving the details that give the home its soul, the original doors and hardware remain as a graceful nod to its past. Every new element has been carefully curated to feel refined, timeless, and perfectly suited to the original architecture. White oak Shaker cabinetry is paired with a custom range hood finished in Moroccan clay, striking fluted Marquina marble, designer selected porcelain tile, and TruCore luxury vinyl plank flooring. A layered combination of polished nickel, champagne bronze, and brass adds warmth, dimension, and a subtle touch of glamour throughout. The generously oversized bedrooms offer an exceptional sense of space and comfort. Outside, the private pool house with its own bathroom provides remarkable flexibility as an additional bedroom, luxurious guest retreat, stylish home office, or serene poolside escape. Located in one of San Diego’s most coveted historic neighborhoods, this Mission Hills home offers a beautiful setting for morning walks, evening strolls, and exploring nearby restaurants, coffee shops, boutiques, and neighborhood favorites. Historic charm. Modern sophistication. Effortless personality. This is more than a beautiful remodel. It is a rare 1921 Mission Hills residence, thoughtfully restored and reintroduced for the way we live today.

Mortgage Calculator

Est. Monthly Payment

$23,136

Principal & Interest$18,772
Property Tax$3,379
Insurance$986
%($675,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Grant K-8 · grades K-8 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

    or Roosevelt International Middle · grades 6-8 · San Diego Unified

    Choice area: the district lets families here pick either school.

  • High

    San Diego High · grades 9-12 · San Diego Unified

    or Point Loma High · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

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

0D
Est. Monthly Rent
$7,800

16 leases of 3–5 bed houses within 2 mi, same school area · $7,421–$9,085

Blended 50/50 with the zip's market median ($7,418)

Monthly Cashflow

Rent − PITIA

-$15,337
Full Cashflow

Incl. vacancy, PM, maint, capex

-$19,947

What would make this work?

$19,947/mo short at 20% down; +$25,905/mo rent closes it.

Break-even price

77% under asking

$781,999
Break-even rent

$25,905/mo above the estimate

$33,705/mo
Cashflow at 35% down
−$16,427/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$18,772
Cap Rate
-0.28%
Cash-on-Cash
-35.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.34

NOI (Annual)
-$9,418
Price-to-Rent

Lower = better for investors

36.1

* 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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DCashflow−$19,947/mo