2911 Kalmia St
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2911 Kalmia St

D

San Diego, CA 92104

$2,399,000

Soft Appraisal Value: $2,315,700 · 3.6% above estimate

Beds

5

Baths

3.5

Sqft

2,800

Year Built

1926

Days on Market

92

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003925SD

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

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About This Property

Variance granted Detached - Income producing property located on a desirable street in the heart of South Park with 2nd floor view of Downtown San Diego, 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 remodeled updates enhance the home’s original charm, while energy efficient windows, central heat and A/C, and fully solar (41 solar panels cover the total energy requirements for both homes + an EV) provide year-round comfort and long term savings. Period details and warm architectural touches w/ gazebo covered patio create a welcoming atmosphere. Tucked away on the property is a detached recently remodeled 1 Bed, 1 Bath 520sf ADU, ideal for extended family, guests, home office, rental income, or the potential to sell as a separate residence. This flexible space significantly enhances the property’s appeal for multi-generational living or income 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 (golf, tennis, swimming, baseball), 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. A truly special offering with maximum income potential 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)
%

Location

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Investment Score

0D
Est. Monthly Rent
$6,358
Monthly Cashflow

Rent − PITIA

$-8,872
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,333

Mortgage (P+I)
$12,131
Cap Rate
-0.10%
Cash-on-Cash
-30.85%
DSCR

Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$22,375

NOI (Annual)
$-2,430
Price-to-Rent

Lower = better for investors

31.4

* 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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