2853 8th Avenue
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2853 8th Avenue

D

San Diego, CA 92103

$1,175,000
NEW — 1d on market

Beds

2

Baths

1.5

Sqft

1,066

Year Built

1908

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008906SD

This property is in San Diego (92103). View neighborhood stats →

About This Property

Absolutely stunning and meticulously Restored Craftsman in The Heart of Hillcrest | Mills Act Tax Savings Another Steller Renovation & Historically designated Craftsman By The Heart Group. This 2-bedroom,1.5-bath with a bonus room home is enrolled in the Mills Act, offering significantly reduced property taxes while delivering modern, worry-free living. The home has been extensively renovated throughout New plumbing, electrical, mini splits, and updated bathrooms. Seamlessly blending classic Craftsman charm with today’s standards. Additional upgrades include: a brand-new driveway, all-new landscaping With new fencing, New Lighting and New Sprinkler System. With a large backyard. This home was Previously operated as a 5 star rated Airbnb, the property offers proven income potential for investors or flexibility for owner-occupants seeking supplemental revenue (buyer to verify current short-term rental regulations). Zoning is CC-3-10 allowing for flexibility for developers to add ADUS or go the commercial/Residential route. Ideally situated just within walking distance from Hillcrest’s dining, Better Buzz, Whole Foods, Balboa Park, and major medical centers! Not only the seller is motivated to Sell but be ready to have your, YES, Your breath taken way by pristine and sparkling Home!! Absolutely stunning and meticulously Restored Craftsman in The Heart of Hillcrest | Mills Act Tax Savings Another Steller Renovation & Historically designated Craftsman By The Heart Group. This 2-bedroom,1.5-bath with a bonus room home is enrolled in the Mills Act, offering significantly reduced property taxes while delivering modern, worry-free living. The home has been extensively renovated throughout New plumbing, electrical, mini splits, and updated bathrooms. Seamlessly blending classic Craftsman charm with today’s standards. Additional upgrades include: a brand-new driveway, all-new landscaping With new fencing, New Lighting and New Sprinkler System. With a large backyard. This home was Previously operated as a 5 star rated Airbnb, the property offers proven income potential for investors or flexibility for owner-occupants seeking supplemental revenue (buyer to verify current short-term rental regulations). Zoning is CC-3-10 allowing for flexibility for developers to add ADUS or go the commercial/Residential route. Ideally situated just within walking distance from Hillcrest’s dining, Better Buzz, Whole Foods, Balboa Park, and major medical centers! Not only the seller is motivated to Sell but be ready to have your, YES, Your breath taken way by pristine and sparkling Home!!

Mortgage Calculator

Est. Monthly Payment

$7,459

Principal & Interest$5,941
Property Tax$1,175
Insurance$343
%($235,000)
%

Location

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Investment Score

1D
Est. Monthly Rent
$3,875
Monthly Cashflow

Rent − PITIA

$-3,584
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,455

Mortgage (P+I)
$5,941
Cap Rate
0.50%
Cash-on-Cash
-27.85%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$10,959

NOI (Annual)
$5,839
Price-to-Rent

Lower = better for investors

25.3

* 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.

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