3626 Highland Ave.
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3626 Highland Ave. #1-br

C

San Diego, CA 92105

$1,300,000
NEW — 1d

Beds

Baths

Sqft

Year Built

1948

Days on Market

1

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260017487SD

This property is in San Diego (92105). View neighborhood stats →

About This Property

Are you looking for a solid investment property that just completed a 60-day tune-up? Check out these FOUR UNITS that strike a rare balance between generating market rents immediately and having solid upside potential. The 2-br feels like your own house (with yard for a dog) and it's paired with another ground-floor 1-br unit - plus there are two 1-br units over the four single-car garages (convert to ADUs?). This summer's upgrades include interior and exterior paint, refinished hardwoods, new toilets, vanities, sub-panels, electrical outlets/GFCIs, termite clearances, two new furnaces, plus all kitchens and baths have refinished countertops, sinks, and tubs! These units are fresh and ready, providing a true turnkey opportunity for the new owner & tenants. These workhorse units should be pumping out $100,000+ per year in no time! Or live here and finance your purchase with 3.5% down payment via FHA - or go VA! Whoa! Porforma rents = $102,000 annually.

Mortgage Calculator

Est. Monthly Payment

$8,253

Principal & Interest$6,574
Property Tax$1,300
Insurance$379
%($260,000)
%

Location

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Investment Score

1D
Est. Monthly Rent
$3,692
Monthly Cashflow

Rent − PITIA

$-4,561
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,493

Mortgage (P+I)
$6,574
Cap Rate
0.07%
Cash-on-Cash
-29.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.45
Break-even Rent
$12,124

NOI (Annual)
$966
Price-to-Rent

Lower = better for investors

29.3

* 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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