3964 Delta Street
Btop 30% of multifamilySan Diego, CA 92113
One license per person in San Diego: whether you can hold it depends on you, not only the home.
This parcel holds a short-term rental license: Tier 2 (home share), through Oct 2027. It doesn’t transfer: a buyer applies for their own.
14 licensed short-term rentals within ½ mile (8 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$3,586/mo full cashflow at 20% down, 7.36% rate.
Works at $680,645 (41% under asking), or at 66% down.
Rent $6,756/mo: 3 units of about 519 sqft, each priced from up to 13 closed leases within 0.5 mi ($6,234–$7,503).
Beds
—
Baths
—
Sqft
1,558
Year Built
1956
Days on Market
220
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
PTP2602525
This property is in San Diego (92113). Browse neighborhood analytics →
About This Property
Multi-Unit Opportunity in a Thriving san Diego Neighborhood. Versatile Family Compound perfect for multi-generational living or strong rental income. Live in one unit and rent out the others! Main home offers 3BR/1 Bath, 928 Sq Ft, full of natural light and charm. Attached Junior ADU,230 sq ft features a private entrance, kitchen, and full bath. Detached 1Br/1Bath ADU, 400 sq ft boasts its own front yard, private driveway and rear alley access. Three separate living spaces give you unmatched flexibility. This is a rare chance to own a property with built-in income potential. Paid off SOLAR PANELS. Electric car charger. Don't miss this income producing Gem!
House + ADU · 3 units
Valued on income: each unit priced from closed leases nearby, then added up. County records a single-family parcel with an ADU; the listing says 3 units.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| Average unit~519 sqft · 13 leases within 0.5 mi | 3 | $2,252 | $6,756 |
| Gross rent, all units | $6,756/mo | ||
- Gross rent multiplier
- 14.2
- Price per unit
- $383,333
- NOI (a year)
- $37,159
- Cap rate
- 3.23%
Price ÷ a year's gross rent
Median $399,667 across 5 listed 2–4 unit buildings in 92113
Default vacancy, management, upkeep, tax, insurance
Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.
FHA’s rules don’t settle how a house with more than one ADU counts, so no FHA house hack is shown; ask a lender.
Compare other buildings on the small multifamily page.
Mortgage Calculator
Est. Monthly Payment
$7,830
Location
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Zoned Schools
Elementary
Balboa Elementary · grades K-5 · San Diego Unified
Middle
Knox Middle · grades 6-8 · San Diego Unified
High
Lincoln 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.
Comparable Properties
4 comps foundThis Property
$6,756
Comp Average
$5,344
1525 42nd Street
1,254 sqft · Multi-Family
$765K
Est. $4,792/mo
4146 Delta Street
6bd / 3.5ba · 1,495 sqft · Duplex
$970K
Est. $5,376/mo
1702 Una Street
1,200 sqft · Multi-Family
$989K
Est. $5,116/mo
4240 Gamma Street
1,552 sqft · Multi-Family
$1.20M
Est. $6,093/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
This is a 3-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
3 units of about 519 sqft, each priced from up to 13 closed leases within 0.5 mi · $6,234–$7,503
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,586/mo short at 20% down; 66% down or +$4,657/mo rent closes it.
- Break-even price
- $680,645
- Break-even rent
- $11,413/mo
- Cashflow at 35% down
- −$2,396/mo
- Down payment to break even
- 66%
- Rate to break even
- 0.52%
41% under asking
$4,657/mo above the estimate
$759,000 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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