2475 capitan Avenue

2475 capitan Avenue

Dbottom 20%

San Diego, CA 92104

$2,450,000
NEW — 1d

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

Principal & Interest$13,611
Property Tax$2,450
Insurance$715
%($490,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$5,748

8 leases of houses within 0.5 mi, size-adjusted · $5,160–$6,679

Monthly Cashflow

Rent − PITIA

-$11,028
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,391

What would make this work?

$14,391/mo short at 20% down; +$18,690/mo rent closes it.

Break-even price

76% under asking

$576,276
Break-even rent

$18,690/mo above the estimate

$24,438/mo
Cashflow at 35% down
−$11,839/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)
$13,611
Cap Rate
-0.24%
Cash-on-Cash
-35.24%
DSCR

Need ≥ 1.25 for DSCR loan

0.34

NOI (Annual)
-$5,920
Price-to-Rent

Lower = better for investors

35.5

* 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−$14,391/mo