2830 Redwood St

2830 Redwood St

Dbottom 20%

San Diego, CA 92104

$1,825,000
NEW — 1d
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.

92 licensed short-term rentals within ½ mile (52 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$10,095/mo full cashflow at 20% down, 7.36% rate.

Works at $503,981 (72% under asking); even all cash loses money at asking.

Rent $5,002/mo from 14 leases of 3–5 bed houses within 2 mi ($4,661–$5,790).

Beds

4

Baths

3

Sqft

1,907

Year Built

1922

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027055SD

This property is in San Diego (92104). View neighborhood stats →

About This Property

Set on a classic North Park block just moments from Bird Park at Morley Field, 2830 Redwood Street blends timeless character with thoughtful modern updates. Original wood built-ins, beautiful wood flooring throughout the main home, and a refinished fireplace create a warm and inviting living space that flows seamlessly into the dining room perfect for everyday living and entertaining. The two-story main home offers 3 bedrooms (2 upstairs) and 2 bathrooms, including a spacious primary suite with its own private balcony. A separate casita with its own bedroom and full bathroom provides incredible flexibility for guests, a home office, or extended family. A convenient mudroom and private driveway add even more everyday functionality. Since 2022, the owners have made numerous improvements, including owned 8 kW solar, updated plumbing and electrical, drought-tolerant front yard landscaping, refreshed casita bathroom and flooring, and updated light fixtures throughout. Step outside to your own beautifully landscaped retreat, featuring plenty of tree-shaded seating areas, high-end turf, and a gas line ready for your outdoor grill perfect for enjoying San Diego's indoor-outdoor lifestyle. All of this in an unbeatable North Park location, just moments from popular restaurants, coffee shops, breweries, parks, and everything that makes this neighborhood so special!

Mortgage Calculator

Est. Monthly Payment

$12,426

Principal & Interest$10,069
Property Tax$1,825
Insurance$532
%($365,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Jefferson Elementary · grades PK-5 · San Diego Unified

  • Middle

    Roosevelt International Middle · grades 6-8 · San Diego Unified

  • High

    San Diego 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

1D
Est. Monthly Rent
$5,002

14 leases of 3–5 bed houses within 2 mi · $4,661–$5,790

Monthly Cashflow

Rent − PITIA

-$7,424
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,095

What would make this work?

$10,095/mo short at 20% down; +$13,111/mo rent closes it.

Break-even price

72% under asking

$503,981
Break-even rent

$13,111/mo above the estimate

$18,113/mo
Cashflow at 35% down
−$8,207/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)
$10,069
Cap Rate
0.15%
Cash-on-Cash
-33.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$2,686
Price-to-Rent

Lower = better for investors

30.4

* 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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DCashflow−$10,095/mo