3602 Wilson Ave
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3602 Wilson Ave

Ctop 80%

San Diego, CA 92104

$1,699,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

95 licensed short-term rentals within ½ mile (62 whole home), from the cities' license and permit lists of Nov 9, 2026.

Pass at asking: -$7,699/mo full cashflow at 20% down, 7.43% rate.

Works at $696,698 (59% under asking), or at 86% down.

Rent $6,949/mo from 16 leases of 3–5 bed houses within 2 mi ($6,276–$7,597).

Beds

4

Baths

3.5

Sqft

3,885

Year Built

1922

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023430SD

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

Virtual Tour

About This Property

RARE opportunity in North Park with nearly 3900sf of living space on an EXPANSIVE ~0.2acre corner lot. PAID SOLAR. Brand new balcony. This incredibly unique property offers a flexible floor plan, tons of space, and a setup that is hard to find in this special neighborhood. The main level features 4 bedrooms and 2 full baths, including the primary suite. An attached two-story additional living space offers both its own private exterior entrance and direct interior access to the main home. Complete with a full kitchen, living area and half bath on the first level, plus a bedroom, office/flex space and full bath upstairs. Perfect for multigenerational living, extended family, guests, work-from-home space, or anyone looking for additional separation and flexibility under one roof. The oversized corner lot offers tons of usable outdoor space and an amazing amount of privacy, along with exceptional off-street parking for up to 6 vehicles, including a 2-car garage, 2 gated driveway spaces, plus 2 additional driveway spaces. Tucked into a unique pocket of North Park with dead ends in both directions, there is minimal through traffic while still being right in the heart of one of San Diego’s most desirable neighborhoods. Perfect for the buyer with vision who appreciates the potential and possibilities this property presents.

Mortgage Calculator

Est. Monthly Payment

$11,633

Principal & Interest$9,439
Property Tax$1,699
Insurance$496
%($339,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Cherokee Point Elementary · grades PK-5 · San Diego Unified

  • Middle

    Wilson Middle · grades 6-8 · San Diego Unified

  • High

    Hoover High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

15C
Est. Monthly Rent
$6,949

16 leases of 3–5 bed houses within 2 mi · $6,276–$7,597

Monthly Cashflow

Rent − PITIA

-$4,685
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,699

What would make this work?

$7,699/mo short at 20% down; 86% down or +$9,998/mo rent closes it.

Break-even price

59% under asking

$696,698
Break-even rent

$9,998/mo above the estimate

$16,947/mo
Cashflow at 35% down
−$5,929/mo
Down payment to break even

$1,461,140 cash

86%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,439
Cap Rate
1.47%
Cash-on-Cash
-27.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$25,048
Price-to-Rent

Lower = better for investors

20.4

* 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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CCashflow−$7,699/mo