3648 Fairmount Ave
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3648 Fairmount Ave

A

San Diego, CA 92105

$560,000
NEW — 6d

Soft Appraisal Value: $562,700 · 0.5% below estimate

Beds

2

Baths

1

Sqft

720

Year Built

1927

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

260016136SD

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

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About This Property

This Spanish-inspired home offers endless potential! Recent updates have been made. Located in the heart of City Heights, the property includes a freestanding one-car garage, plus an extended driveway for additional off-street parking, A separate dining space and a dedicated laundry room are conveniently connected to the kitchen. Zoned CUPD-CU-3-6, the site offers a wide range of development possibilities because it is located within the Complete Communities Zoning and Transit Priority Area. The zoning includes development standards with a base floor area ratio of 0.75. Buyer to investigate. The surrounding neighborhood is celebrated for its independent shops and dining options. And with a Walk Score of 89, its central location places residents near just a few blocks from several amenities including City Heights Park, the Swim Center, library, gym, and Rosa Parks Elementary. Nearby access to Interstate 15, El Cajon Boulevard, and multiple transit routes makes commuting throughout the city effortless. Seize this rare investment opportunity offering immediate value, a central location, and possibilities for future growth.

Mortgage Calculator

Est. Monthly Payment

$3,555

Principal & Interest$2,832
Property Tax$560
Insurance$163
%($112,000)
%

Location

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Investment Score

51B
Est. Monthly Rent
$2,650
Monthly Cashflow

Rent − PITIA

$-905
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,981

Mortgage (P+I)
$2,832
Cap Rate
1.82%
Cash-on-Cash
-21.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$5,223

NOI (Annual)
$10,210
Price-to-Rent

Lower = better for investors

17.6

* 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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