3537 Utah St
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3537 Utah St

D

San Diego, CA 92104

$1,999,000
NEW — 3d

Soft Appraisal Value: $1,946,900 · 2.7% above estimate

Beds

4

Baths

3

Sqft

1,941

Year Built

1921

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013620SD

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

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About This Property

2 blocks from Balboa Park. Two homes on one lot. Endless possibilities. Welcome to this beautifully restored 1920s Craftsman in the heart of North Park, where historic charm meets modern convenience. The main home offers 3 bedrooms and 2 full bathrooms, thoughtfully remodeled with designer finishes throughout. Major upgrades include new plumbing, a new sewer line, central heating and air conditioning, and a tankless water heater. Adding exceptional flexibility and value is the fully permitted detached studio ADU, completed in 2026 and featuring its own address, high-end finishes, premium appliances, and a Mirador pergola with sun shade. Ideal for rental income, guests, a home office, or multigenerational living. An abundant 60-year-old avocado tree, mature Meyer lemon tree, and clementine tree provide fresh fruit and enhance the property's classic Southern California appeal. Just steps from Balboa Park and moments from North Park's acclaimed restaurants, coffee shops, breweries, boutiques, and entertainment, this rare property offers the perfect blend of character, walkability, and income potential.

Mortgage Calculator

Est. Monthly Payment

$12,690

Principal & Interest$10,108
Property Tax$1,999
Insurance$583
%($399,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,539
Monthly Cashflow

Rent − PITIA

$-8,151
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,861

Mortgage (P+I)
$10,108
Cap Rate
-0.45%
Cash-on-Cash
-32.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.36
Break-even Rent
$18,644

NOI (Annual)
$-9,034
Price-to-Rent

Lower = better for investors

36.7

* 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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