3521 Luna Ave
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3521 Luna Ave

D

San Diego, CA 92117

$1,350,000
NEW — 5d

Beds

Baths

Sqft

Year Built

1954

Days on Market

5

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260012521SD

This property is in San Diego (92117). View neighborhood stats →

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About This Property

Exceptional opportunity to cash flow immediately while adding value to your permitted legacy development! Remodeled turnkey Duplex conveys w/ Plans nearing approval to build 4 ADU's (two 2BR's 743sf, two 1BR's 505sf) 5 garages along the alleyway. Duplex's 2024 gut remodel includes new roof, electrical wiring, AC in every room, high-end finishes! Each of the 6 units is carefully designed to maximize tenants quality of life w/ modern amenities including; open concept kitchens/great rooms, private outdoor space, in-unit Washer/Dryers, ADU's have 9', 10' ceilings. Duplex style units share only 1 wall. The 5 individual garages providing off street parking & storage will differentiate from local competition. This 6 unit asset will be sure to demand strong rents in a desirable NW Clairemont location!

Mortgage Calculator

Est. Monthly Payment

$8,570

Principal & Interest$6,826
Property Tax$1,350
Insurance$394
%($270,000)
%

Investment Score

5D
Est. Monthly Rent
$4,449
Monthly Cashflow

Rent − PITIA

$-4,121
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,270

Mortgage (P+I)
$6,826
Cap Rate
0.49%
Cash-on-Cash
-27.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$12,591

NOI (Annual)
$6,681
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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