932 Court Way
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932 Court Way

Dbottom 20%

San Diego, CA 92103

$3,495,000
NEW — 0d
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.

26 licensed short-term rentals within ½ mile (14 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$20,886/mo full cashflow at 20% down, 7.43% rate.

Works at $775,600 (78% under asking); even all cash loses money at asking.

Rent $7,736/mo from 23 leases of 3–5 bed houses within 2 mi ($7,590–$9,579).

Beds

4

Baths

3

Sqft

3,486

Year Built

2011

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026417SD

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

About This Property

Designed by architect Patrick McInerney, this home offers a personal expression of modern living. The home balances architectural precision with an atmosphere of quiet warmth. A retreat shaped by light, natural materials, and a seamless connection to the outdoors. The design unfolds through interconnected volumes, soaring 12-foot ceilings, and expansive walls of glass. Fleetwood retractable doors extend living spaces onto terraces and gardens, while clean architectural detailing allows the design to take center stage. Cantera stone floors and radiant in-floor heating bring texture and comfort to the restrained palette. Thoughtful improvements include Gaggenau and Miele appliances, Crestron home automation, JGeiger wireless automated window coverings, and Sonance architectural speakers. Additional improvements include a new roof and solar installation in 2017, as well as AC. Together, these updates enhance the experience of a home whose original vision remains compelling: generous spaces, considered details, and an ever-changing interplay of light and landscape. An opportunity to own an architect’s personal residence, thoughtfully enhanced for its next chapter in one of San Diego’s most architecturally distinctive neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$23,931

Principal & Interest$19,416
Property Tax$3,495
Insurance$1,019
%($699,000)
%
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
$7,736

23 leases of 3–5 bed houses within 2 mi · $7,590–$9,579

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

Monthly Cashflow

Rent − PITIA

-$16,194
Full Cashflow

Incl. vacancy, PM, maint, capex

-$20,886

What would make this work?

$20,886/mo short at 20% down; +$27,125/mo rent closes it.

Break-even price

78% under asking

$775,600
Break-even rent

$27,125/mo above the estimate

$34,861/mo
Cashflow at 35% down
−$17,245/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)
$19,416
Cap Rate
-0.37%
Cash-on-Cash
-35.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$12,996
Price-to-Rent

Lower = better for investors

37.6

* 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.

Open Full Calculator
DCashflow−$20,886/mo