4020 Front St
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4020 Front St #3-9

C

San Diego, CA 92103

$1,399,000

Beds

3

Baths

3

Sqft

1,997

Year Built

1929

Days on Market

91

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008843SD

This property is in San Diego (92103). View neighborhood stats →

Virtual Tour

About This Property

Variance granted for Res Detached. Attractive 1919, 1298sf home sits above street level with 9-foot ceilings, 2 bedrooms, 2 baths, generous living room, formal dining room, remodeled kitchen with 2 pantries, and spacious back porch. Across the back of the completely enclosed spacious yard is a 699sf cottage that is on the west end of the 120’ gardened lot. It has an entire wall of closet in a generous bedroom, modern kitchen, large living room, bathroom, and covered space outside the living room for choice of use. Both homes have large stand-up attics, central heat and air, and benefit from owned Solar. This property offers multiple options: 1) The owner may occupy the larger home and rent the back cottage, occupy the charming cottage and rent the front house, or welcome family to live with them. 2) Or rent the entire desirably located site in an area where medical professionals are often looking. 3) Another option is to take advantage of the recently determined RM 3-9 zoning which allows one unit per 600sf of lot, meaning available for 8 units on this 5200 sf parcel. A savvy options parcel, located in the heart of desirable Mission Hills/Hillcrest, it is easy walking to 2 major grocery stores, a number of restaurants, and other service businesses, as well as parks, churches and ideal neighborhood sites in one of the most sought-after neighborhoods. A wonderful combination of livability, flexibility and location in a very desired neighborhood Variance granted for Detached. Attractive 1919, 1298sf home sits above street level with 9-foot ceilings, 2 bedrooms, 2 baths, generous living room, formal dining room, remodeled kitchen with 2 pantries, and spacious back porch. Across the back of the completely enclosed spacious yard is a 699sf cottage that is on the west end of the 120’ gardened lot. It has an entire wall of closet in a generous bedroom, modern kitchen, large living room, bathroom, and covered space outside the living room for choice of use. Both homes have large stand-up attics, central heat and air, and benefit from owned Solar. This property offers multiple options: 1) The owner may occupy the larger home and rent the back cottage, occupy the charming cottage and rent the front house, or welcome family to live with them. 2) Or rent the entire desirably located site in an area where medical professionals are often looking. 3) Another option is to take advantage of the recently determined RM 3-9 zoning which allows one unit per 600sf of lot, meaning available for 8 units on this 5200 sf parcel. A savvy options parcel, located in the heart of desirable Mission Hills/Hillcrest, it is easy walking to 2 major grocery stores, a number of restaurants, and other service businesses, as well as parks, churches and ideal neighborhood sites in one of the most sought-after neighborhoods. A wonderful combination of livability, flexibility and location in a very desired neighborhood

Mortgage Calculator

Est. Monthly Payment

$8,881

Principal & Interest$7,074
Property Tax$1,399
Insurance$408
%($279,800)
%

Location

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Investment Score

7D
Est. Monthly Rent
$4,897
Monthly Cashflow

Rent − PITIA

$-3,984
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,276

Mortgage (P+I)
$7,074
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$13,048

NOI (Annual)
$9,574
Price-to-Rent

Lower = better for investors

23.8

* 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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