3536 7th Avenue
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3536 7th Avenue

D

San Diego, CA 92103

$4,495,000
NEW — 3d

Soft Appraisal Value: $4,265,000 · 5.4% above estimate

Beds

4

Baths

3.5

Sqft

4,082

Year Built

1909

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605305

This property is in San Diego (92103). View neighborhood stats →

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About This Property

: The Sarah Elston Residence, designed c.1909 by Master Architect and Master Builder H.H. Preibisius. :: This exceptionally rare example of an early twentieth-century Arts & Crafts West Coast Shingle Style Estate stands as one of San Diego's best surviving expressions of the American Craftsman movement. Occupying a privileged position along Historic 7th Avenue, directly adjacent to Balboa Park, the residence is gracefully sited on a predominantly level 10,500-square-foot parcel overlooking the historic gardens and mature tree canopy of the Marston House. The setting is remarkable—urban yet secluded, architectural yet deeply connected to nature. Distinguished by its wood-shingle exterior, broad rooflines, deep overhangs, and masterfully composed proportions, the residence embodies the Arts & Crafts ideal of craftsmanship, material honesty, and harmony with its surroundings. Throughout the home, natural light animates richly detailed interiors where original architectural elements have been thoughtfully preserved and celebrated. In 2019, the residence underwent a comprehensive restoration and modernization guided by a profound respect for its architectural integrity, focused on preserving its historic character while discreetly integrating contemporary comforts and infrastructure. The result is a residence that retains the soul and authenticity of its 1909 origins while functioning effortlessly for modern living. The primary suite reflects this philosophy, offering a serene and luxurious retreat complete with a soaking tub, steam shower for two, dual vanities, a walk-in dressing room, and a thoughtfully integrated beverage and cosmetic chilling station. Modern conveniences—including an elevator, upgraded systems, redesigned kitchen and baths, and enhanced landscaping—have been incorporated with exceptional restraint and sensitivity. One of the home's most captivating architectural spaces is the expansive Upper Level. Reimagined as a sophisticated bunk room/guest retreat, the volume showcases the scale and character of the original roof structure while providing sleeping quarters, a family gathering space, and a full bath. It is a space both playful and memorable—equally suited to grandchildren, guests, or multigenerational living. Properties of this architectural significance are increasingly scarce. Rich in provenance, meticulously restored, and situated in one of San Diego's most historically important residential enclaves, The Elston Residence represents a singular opportunity to become the steward of an enduring architectural legacy!

Mortgage Calculator

Est. Monthly Payment

$28,535

Principal & Interest$22,729
Property Tax$4,495
Insurance$1,311
%($899,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,970
Monthly Cashflow

Rent − PITIA

$-20,565
Full Cashflow

Incl. vacancy, PM, maint, capex

$-26,144

Mortgage (P+I)
$22,729
Cap Rate
-0.91%
Cash-on-Cash
-34.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.28
Break-even Rent
$41,923

NOI (Annual)
$-40,979
Price-to-Rent

Lower = better for investors

47.0

* 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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