2476 Congress St.
Dbottom 20%San Diego, CA 92110
One license per person in San Diego: whether you can hold it depends on you, not only the home.
33 licensed short-term rentals within ½ mile (26 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$7,314/mo full cashflow at 20% down, 7.36% rate.
Works at $342,978 (74% under asking); even all cash loses money at asking.
Rent $3,404/mo from 8 leases of 1–3 bed houses within 1 mi ($2,818–$4,688).
Beds
2
Baths
1
Sqft
768
Year Built
1948
Days on Market
136
Property Type
Single Family
HOA/mo
N/A
MLS ID
OC26116788
This property is in San Diego (92110). View neighborhood stats →
About This Property
PRICE-IMPROVEMENT!!Opportunity knocks with this great value to own in the prestigious prime area of Old Town. The nestled two-bedroom one bath fixer-upper home has an attached one car garage with an oversized lot you can expand by adding some potential ADU. The location is in a commercial area making it a versatile investment. A lively dining scene with everything from cozy cafés to upscale bistros, the neighborhood is dotted with historic missions and museums and live entertainment just with-in walking distance. Investors and developers don't miss out on this incredible opportunity this property will sell fast. This is San Diego's best Historical site. Easy access to the Fwy I-5, I-8 Mission Bay, Pacific Beach, Mission Beach, Point Loma, Sea World and the beautiful city of downtown San Diego.
Mortgage Calculator
Est. Monthly Payment
$8,852
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.
Renovation math
Flagged Fixer from the listing remarks — “fixer-upper”, “fixer”.
- Asking now
- $1.30M
- Worth finished
- $849K
- Already above finished value
- −$451,197
$1,693/sqft
$1,105/sqft × 768 sqft
$587/sqft over
Comparable finished homes nearby suggest this is worth about $849K — below the asking price. A renovation here has to be funded out of the purchase, not the spread.
Rent once renovated
- Rent at par
- $3,153/mo
- Cashflow at that rent
- −$7,507/mo
$4.11/sqft × 768 sqft, median of 3 comps
cap rate -0.16%, DSCR 0.36
Heads up: the rent estimate elsewhere on this page ($3,404/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $3,153/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 3 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
3 comps foundThis Property
$3,404
Comp Average
$4,030
5858 Riley St
3bd / 1ba · 1,066 sqft · Single Family
$1.10M
Est. $4,376/mo
4689 Tonopah Avenue
3bd / 2ba · 1,036 sqft · Single Family
$1.15M
Est. $3,978/mo
2242 Congress St
2bd / 1ba · 880 sqft · Single Family
$1.11M
Est. $3,736/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed houses within 1 mi · $2,818–$4,688
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,314/mo short at 20% down; +$9,498/mo rent closes it.
- Break-even price
- $342,978
- Break-even rent
- $12,902/mo
- Cashflow at 35% down
- −$5,969/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
74% under asking
$9,498/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, 7.36% 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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