942 Rosecrans St
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942 Rosecrans St

Ctop 80%

San Diego, CA 92106

$2,450,000
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.

45 licensed short-term rentals within ½ mile (33 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$12,016/mo full cashflow at 20% down, 7.36% rate.

Works at $877,789 (64% under asking), or at 92% down.

Rent $8,712/mo from 11 leases of 4–6 bed houses within 2 mi ($8,198–$8,565).

Beds

5

Baths

3

Sqft

3,200

Year Built

2003

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023714SD

This property is in San Diego (92106). View neighborhood stats →

Virtual Tour

About This Property

Modern design, downtown skyline views and exceptional flexibility come together in this thoughtfully remodeled La Playa residence, featuring a 3 bedroom, 2 bath main home and separate 2 bedroom, 1 bath guest residence. Set in the heart of Point Loma, the property pairs beautifully updated interiors with an exceptional coastal location. The main level is centered around a light-filled, open concept great room and expansive kitchen with abundant cabinetry, stainless steel appliances and thoughtfully selected finishes. Large windows capture natural light and views toward downtown San Diego. Additional features include air conditioning, owned solar and a generous dedicated laundry room with extra storage and flexible-use space. Outdoor areas include a welcoming front porch and turf front yard, plus a private backyard with turf, covered gazebo and gas fire pit, an inviting setting for entertaining or relaxing. The lower level guest residence features its own entrance, generous bedrooms and dedicated laundry, offering flexibility for extended family, guests, a home office or additional living space. A detached two-car garage provides parking and storage. Enjoy easy access to Bessemer Beach, Kellogg Beach, the San Diego Yacht Club, Shelter Island and Point Loma Village, with waterfront paths and neighborhood dining nearby. With two distinct living spaces, downtown views and multiple outdoor areas, this is a rare opportunity to enjoy the best of La Playa and Point Loma.

Mortgage Calculator

Est. Monthly Payment

$16,682

Principal & Interest$13,517
Property Tax$2,450
Insurance$715
%($490,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Cabrillo Elementary · grades PK-4 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

  • High

    Point Loma 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

9C
Est. Monthly Rent
$8,712

11 leases of 4–6 bed houses within 2 mi · $8,198–$8,565

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$7,970
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,016

What would make this work?

$12,016/mo short at 20% down; 92% down or +$15,605/mo rent closes it.

Break-even price

64% under asking

$877,789
Break-even rent

$15,605/mo above the estimate

$24,317/mo
Cashflow at 35% down
−$9,481/mo
Down payment to break even

$2,254,000 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$13,517
Cap Rate
0.95%
Cash-on-Cash
-29.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$23,246
Price-to-Rent

Lower = better for investors

23.4

* 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−$12,016/mo