3600 Paradise Valley Rd
Dbottom 20%National City, CA 91950
Pass at asking: -$23,924/mo full cashflow at 20% down, 7.43% rate.
Works at $784,990 (80% under asking); even all cash loses money at asking.
Rent $7,830/mo from 9 leases of 4–6 bed houses within 2 mi ($7,211–$8,015).
Beds
5
Baths
4.5
Sqft
5,766
Year Built
1928
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608252
This property is in National City (91950). Browse neighborhood analytics →
About This Property
THE ICONIC COLLINS-WELLINGTON ESTATE | A RARE PIECE OF SAN DIEGO HISTORY Presenting the extraordinary Collins-Wellington Estate, an iconic Spanish Revival masterpiece originally built in 1928 by visionary H.A. Collins and majestically situated on approximately 8 secluded acres in the heart of National City. Rich in history, architectural significance, and timeless elegance, this remarkable Mills Act-designated estate represents a rare opportunity to own one of San Diego County’s treasured legacy properties. Beyond the gated, tree-lined entrance, a spectacular 5,766-square-foot residence unfolds, showcasing 5 bedrooms, 4 bathrooms, and extraordinary craftsmanship rarely found today. Inspired by the grandeur of Spanish castle architecture, the home features soaring 18-foot cathedral ceilings, hand-painted beam ceilings, original peg-and-groove hardwood floors, intricate wrought-iron detailing, imported Spanish tile, graceful architectural arches, and exquisite inlaid onyx accents. Designed for grand-scale entertaining and distinctive everyday living, the residence offers expansive formal rooms, a dramatic ballroom, multiple fireplaces, and an impressive upstairs loft overlooking the magnificent main living space an ideal setting for a private office, library, artist's studio, or secluded retreat. Every room tells a story, reflecting the artistry, character, and craftsmanship of a remarkable era. Outside, the expansive grounds offer exceptional privacy, mature landscaping, and an extraordinary canvas for creating a truly special estate lifestyle. The possibilities are as distinctive as the property itself, with potential for multigenerational living, elegant entertaining, or a private creative retreat, subject to applicable approvals. Ideally positioned near downtown San Diego, waterfront attractions, shopping, dining, and major freeways, this secluded historic sanctuary offers a remarkable balance of accessibility, privacy, and architectural distinction. The Mills Act designation may offer substantial property tax savings for qualified owners, subject to program requirements. More than a home, the Collins-Wellington Estate is a living piece of San Diego history a legacy property offering timeless beauty, extraordinary scale, and an opportunity that may not come again.
Mortgage Calculator
Est. Monthly Payment
$26,704
Location
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Investment Score
9 leases of 4–6 bed houses within 2 mi · $7,211–$8,015
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$23,924/mo short at 20% down; +$31,070/mo rent closes it.
- Break-even price
- $784,990
- Break-even rent
- $38,900/mo
- Cashflow at 35% down
- −$19,862/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
80% under asking
$31,070/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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