2475 capitan Avenue
Dbottom 20%San Diego, CA 92104
Pass at asking: -$14,391/mo full cashflow at 20% down, 7.43% rate.
Works at $576,276 (76% under asking); even all cash loses money at asking.
Rent $5,748/mo from 8 leases of houses within 0.5 mi, size-adjusted ($5,160–$6,679).
Beds
5
Baths
4
Sqft
2,560
Year Built
1946
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2610166
This property is in San Diego (92104). View neighborhood stats →
About This Property
Historic character, Mills Act property tax benefits, and exceptional spaces to live, host, and retreat, 2475 Capitan Avenue offers a rare opportunity in coveted Burlingame. Within a historic district of just over 170 distinctive homes, this thoughtfully refreshed residence offers approximately 2,560 square feet, 5 bedrooms, and 4 bathrooms across the property. A detached guest house with its own kitchen, laundry room, and bathroom, along with a separate studio with bath, creates flexibility for visiting guests, extended family, a home office, or creative pursuits. Inside, beautifully preserved details blend with fresh finishes. Restored front windows and frames honor historic preservation guidelines, while refurbished stained glass in the interior doors adds warmth and artistry. New paint, trim, door hardware, lighting, and window treatments throughout create a fresh, cohesive feel. A newly built breakfast nook invites slow mornings and casual meals, while a new refrigerator brings added convenience to the kitchen. New mini-split systems in each room provide personalized comfort, while custom walk-in closet buildouts enhance everyday organization. The primary bedroom closet features new flooring and tailored storage, creating a polished dressing space. A new washer and dryer, new water heater, updated electrical outlets, and improvements to the electrical panel further support comfortable daily living. Also, An advanced UniFi camera security system is a standout modern upgrade, complemented by a UniFi Wi-Fi network with monitoring that brings connected convenience throughout the property. This thoughtfully integrated technology pairs the home’s historic character with modern oversight and connectivity. The attention to detail extends outdoors, where refreshed front landscaping and newly planted trees along the driveway create a welcoming arrival. Two new trellises add architectural interest, a decorative faux greenery wall accents the side yard and garage door, and a new driveway gate and enclosed trash-bin area complete the thoughtfully finished grounds. With North Park and South Park’s restaurants, cafés, and neighborhood favorites nearby, this distinctive Burlingame home brings together timeless charm, modern comfort, and the freedom of versatile living spaces.
Mortgage Calculator
Est. Monthly Payment
$16,775
Location
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Comparable Properties
5 comps foundThis Property
$5,748
Comp Average
$5,834
3083 Vancouver Avenue
4bd / 3ba · 2,456 sqft · Single Family
$1.90M
Est. $6,233/mo
4135 32nd St.
6bd / 3ba · 2,925 sqft · Single Family
$1.89M
Est. $6,226/mo
3617 31st Street
3bd / 2ba · 2,059 sqft · Single Family
$1.69M
Est. $4,881/mo
2920 Bancroft Street
7bd / 6ba · 3,384 sqft · Single Family
$2.40M
Est. $6,859/mo
3138 Laurel Street
3bd / 2ba · 1,645 sqft · Single Family
$1.77M
Est. $4,971/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of houses within 0.5 mi, size-adjusted · $5,160–$6,679
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$14,391/mo short at 20% down; +$18,690/mo rent closes it.
- Break-even price
- $576,276
- Break-even rent
- $24,438/mo
- Cashflow at 35% down
- −$11,839/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
76% under asking
$18,690/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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