3124 Laurel St
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3124 Laurel St

C

San Diego, CA 92104

$1,925,000
NEW — 1d

Soft Appraisal Value: $1,873,500 · 2.7% above estimate

Beds

3

Baths

2

Sqft

2,030

Year Built

1950

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260014136SD

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

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About This Property

Opportunity of the summer to get into the exclusive Burlingame neighborhood! While the pink sidewalks are the hallmark of the neighborhood, the location between North and South Park is not to be overlooked. 3124 Laurel St showcases features that you won't find anywhere else. From the intricate music note glass work on the arched windows in the family room, to the clinker brick fireplace and sound insulated music room. Extensive work has been done to the chimney and foundation, plumbing under the home has been partially upgraded, the home has undergone rewiring, and the solar system is fully paid off. The open kitchen and outdoor entertaining spaces are incredible for entertaining, and on the quieter nights you can enjoy the tranquility this home brings in the comfort of the hot tub. With just 10 minutes on foot you can get to Target and great restaurants in South Park, along with McKinley Elementary and Saint Augustine High School.

Mortgage Calculator

Est. Monthly Payment

$12,220

Principal & Interest$9,734
Property Tax$1,925
Insurance$561
%($385,000)
%

Location

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Investment Score

3D
Est. Monthly Rent
$5,863
Monthly Cashflow

Rent − PITIA

$-6,357
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,310

Mortgage (P+I)
$9,734
Cap Rate
0.26%
Cash-on-Cash
-29.02%
DSCR

Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$17,953

NOI (Annual)
$5,092
Price-to-Rent

Lower = better for investors

27.4

* 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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