2911 Kalmia St

2911 Kalmia St

D

San Diego, CA 92104

$2,399,000

Soft Appraisal Value: $2,339,300 · 2.6% above estimate

Beds

5

Baths

3.5

Sqft

2,800

Year Built

1926

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003925SD

Description

Variance granted Detached - Located on a desirable canyon edge street in the heart of South Park, within 2 miles of world famous San Diego Zoo, 2911-15 Kalmia St offers a rare blend of classic character, modern efficiency, and versatile living options. The main residence features 4 bed, 2.5 bath, and approx. 2,300sf of well designed living space. Thoughtful updates enhance the home’s original charm, while energy efficient windows, central heat and A/C, and solar (over 30 solar panels cover the energy requirements for both homes + an EV) provide year-round comfort and long term savings. Period details and warm architectural touches create a welcoming atmosphere that feels both timeless and functional. Tucked away on the property is a detached 1 bed, 1 bath casita of approx. 500sf, ideal for extended family, guests, a home office, or potential rental income. This flexible space significantly enhances the property’s appeal for multi-generational living or investment minded buyers, with alley access and generous lot size of 6966sf. Set on a quiet street just moments from South Park’s beloved cafés, restaurants, boutiques, and parks, this property offers an exceptional opportunity to enjoy one of San Diego’s most vibrant and walkable neighborhoods, while benefiting from flexible living spaces and modern efficiencies rarely found in homes of this era. A truly special offering with endless possibilities in one of San Diego’s most sought after communities.

Mortgage Calculator

Est. Monthly Payment

$15,229

Principal & Interest$12,131
Property Tax$2,399
Insurance$700
%($479,800)
%

Comparable Properties

2 comps found

This Property

$7,316

vs

Comp Average

$5,089

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

1D
Est. Monthly Rent
$7,316
Monthly Cashflow

Rent − PITIA

$-7,914
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,595

Mortgage (P+I)
$12,131
Cap Rate
0.27%
Cash-on-Cash
-29.00%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$22,375

NOI (Annual)
$6,422
Price-to-Rent

Lower = better for investors

27.3

* 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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