3261 Belle Isle
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3261 Belle Isle

C

San Diego, CA 92105

$950,000
NEW — 2d

Soft Appraisal Value: $941,700 · 0.9% above estimate

Beds

3

Baths

2.5

Sqft

1,327

Year Built

1928

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260016810SD

This property is in San Diego (92105). View neighborhood stats →

About This Property

Greetings from Islenair (or Island-in-the Air), a historical district elevated above the canyons of Chollas Creek in a centrally located area of San Diego. Built in 1928, this Spanish Revival home carries a historical contributor designation, granting it a Mills Act classification. This meticulously restored home retains the classic details that exemplified its architectural pedigree, including original crystal-like door knobs, original front door hardware and authentic Charles Batchelder tile on the fireplace hearth, to name a few. As well, the original double hung and casement wood windows have been faithfully restored throughout the home, elevating its legacy for years to come. Modern upgrades blend seamlessly with the original character of this architectural gem. The kitchen and baths have been modernized to today’s lifestyle. Locally sourced lighting fixtures from the era are adorned within the home. Additionally, the home features a semi-attached two car garage that features an office space with a half bath and a dedicated laundry room. Multiple private outdoor spaces provide areas for entertainment, relaxation and tranquility from the hustle and bustle of city life. Even with the elevation of its conveniences, you will still feel like you truly stepped into an “Island in the Air”. A short distance from Downtown San Diego, Little Italy, and hip areas like North Park and University Heights, this remarkable home presents an opportunity to own a piece of San Diego history.

Mortgage Calculator

Est. Monthly Payment

$6,031

Principal & Interest$4,804
Property Tax$950
Insurance$277
%($190,000)
%

Location

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Investment Score

29D
Est. Monthly Rent
$4,117
Monthly Cashflow

Rent − PITIA

$-1,914
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,652

Mortgage (P+I)
$4,804
Cap Rate
1.45%
Cash-on-Cash
-23.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$8,860

NOI (Annual)
$13,817
Price-to-Rent

Lower = better for investors

19.2

* 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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