2306 Modesto St
1 / 17

2306 Modesto St

D

San Diego, CA 92105

$1,799,000

Beds

Baths

Sqft

Year Built

2000

Days on Market

56

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260007617SD

This property is in San Diego (92105). View neighborhood stats →

Virtual Tour

About This Property

Variance Granted 2-4 Units, Lot Size 9,762 square feet! Income Property • Multi-Generational Living • Board & Care Opportunity • Exceptional Investment Potential Two Stunning Detached Solar Homes on One Expansive Corner Lot in Prime San Diego! Rare opportunity to own a private multi-residence compound situated on a spacious 9,762 SF corner lot featuring two detached homes, strong income potential, and flexible living configurations. The property includes: • Main Residence: 4 Bed | 3 Bath | Approx. 1,404 SF • Newly Constructed Designer ADU/SFR: 3 Bed | 2 Bath | Approx. 1,184 SF • Additional 2 Bed | 1 Bath Garage Conversion Unit (unpermitted) The newly completed ADU was finished in December 2025 and showcases thoughtfully designed living spaces, premium finishes, and modern construction. Ideal for owner-occupants, investors, large families, multigenerational living, rental income, or potential Board & Care use. Both the Main Home and ADU feature owned solar systems (not leased), providing long-term energy efficiency and savings. Excellent flexibility: • Live in one residence and rent the other • Multi-family compound potential • Income-producing investment opportunity • Possible rental diversification Showings are currently available for the ADU residence only. Main residence and additional structures available by appointment only. Two (2) Beautiful Detached Homes - Brand New Construction for home on Juniper Street, Construction completed in December 2025! Rental Income also Potential! Live in one home - Rent out the other SFR! Investors/Large Familes - Private, Multi-Residence Compound, Prime 9,762 sq ft corner lot in San Diego. Unique offering includes a 4 bed 3 bath (1404 sf) Main Residence & a newly completed, fully Permitted 3 bed/2 bath (1184 sf) Designer ADU/SFR, creating flexibility, style & Income Potential with thoughtfully designed living space & high end materials. The ADU is the only residence currently available for Showings. Garage 2 bedroom/1 bath Unit is functional but unpermitted.

Mortgage Calculator

Est. Monthly Payment

$11,420

Principal & Interest$9,097
Property Tax$1,799
Insurance$525
%($359,800)
%

Location

Loading map...

Investment Score

0D
Est. Monthly Rent
$3,675
Monthly Cashflow

Rent − PITIA

$-7,746
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,090

Mortgage (P+I)
$9,097
Cap Rate
-0.66%
Cash-on-Cash
-33.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.32
Break-even Rent
$16,779

NOI (Annual)
$-11,921
Price-to-Rent

Lower = better for investors

40.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Get Expert AnalysisOpen Full Calculator