3580 Redwood St
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3580 Redwood St

C

San Diego, CA 92104

$1,199,000
NEW — 6d

Soft Appraisal Value: $1,188,900 · 0.8% above estimate

Beds

3

Baths

1.5

Sqft

1,168

Year Built

1940

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

260016093SD

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

About This Property

Located in the Altadena neighborhood of North Park, this 3 bedroom, 1.5 bathroom single family home offers a rare blend of location, usable outdoor space, off-street parking, and future potential. Set in one of San Diego’s most loved urban neighborhoods, the home gives you the chance to create something special while enjoying the privacy and flexibility of a full-size lot. Just moments from local restaurants, coffee shops, breweries, parks, shopping, Morley Field, Balboa Park, and the energy of North Park, this is a unique opportunity in a location that continues to stand out. The home is comfortable as it sits, with some existing updates like dual-pane vinyl windows, and a whole-house water filter for the hot water, but also offers a great canvas for someone ready to add their own style over time. The flat, usable lot creates room to enjoy the outdoor space now while exploring future possibilities, including ADU/Developer potential. Parking is another major standout, with a detached 2-car garage with front and back garage doors, perfect for a workshop or home gym, a carport, and additional parking in front of the garage for approximately 4 total off-street spaces. Whether you are a homeowner looking to build equity in a prime neighborhood, an investor exploring long-term potential, or someone who wants a well-located home with room to improve, this property checks the right boxes. Bring your vision and take advantage of a North Park property with real upside.

Mortgage Calculator

Est. Monthly Payment

$7,612

Principal & Interest$6,063
Property Tax$1,199
Insurance$350
%($239,800)
%

Location

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Investment Score

7D
Est. Monthly Rent
$4,267
Monthly Cashflow

Rent − PITIA

$-3,345
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,325

Mortgage (P+I)
$6,063
Cap Rate
0.74%
Cash-on-Cash
-26.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$11,183

NOI (Annual)
$8,849
Price-to-Rent

Lower = better for investors

23.4

* 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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