4021 Hempstead Cir

4021 Hempstead Cir

D

San Diego, CA 92116

$2,238,000
NEW — 6d on market

Soft Appraisal Value: $2,184,400 · 2.5% above estimate

Beds

3

Baths

3

Sqft

1,554

Year Built

1937

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007416SD

Description

Nestled within the idyllic enclave of Kensington, a charming neighborhood in San Diego known for its distinct village atmosphere, this beautifully restored 1937 Spanish residence blends timeless architectural character with refined modern living. Situated on an expansive 15,000+ square-foot lot, the single-level home offers approximately 1,554 square feet, featuring three bedrooms and three elegantly renovated bathrooms, all thoughtfully updated while preserving the home’s classic Spanish charm. The home has been meticulously renovated throughout and features a stunning open kitchen with premium Thermador appliances, including a wine refrigerator and refrigerator drawers deal for effortless entertaining. The kitchen flows seamlessly into the dining and living areas, where a welcoming gas fireplace creates a warm gathering space. Extensive upgrades include beautifully remodeled baths with designer tile and fixtures, updated plumbing and electrical, water softener system, EV charger, and an electric driveway gate. Outdoors, the property transforms into a private retreat with three inviting backyard decks, a fully fenced yard, and low-maintenance landscaping enhanced by dramatic exterior lighting. A converted garage studio with a dry kitchen opens through sliding doors to a beautiful Balau wood deck, creating exceptional indoor-outdoor living. Just moments away, Kensington’s vibrant village offers cafés, restaurants, boutiques, markets, dog park, children's playground, banking, salons, and a village library. Over the past several years, ( 2018-2026) the residence has been thoughtfully upgraded with extensive improvements throughout. Interior enhancements include updated plumbing and electrical, fresh crisp white interior paint, remodeled primary and guest baths, an updated third bath, refinished flooring, and a fully renovated kitchen featuring premium Thermador appliances. The garage has been converted into a versatile office and entertaining space with a dry kitchen and large sliding glass doors opening to the outdoors. Additional upgrades include a tankless hot water heater, concrete driveway, electric gate, EV charger, whole-house water softener, new fencing, and all-new landscaping. Outdoor living is enhanced with a Balau wood deck, patio pavers, outdoor sink, sidewalk trees, and a side gate with a dedicated dog run. Welcome Home!

Mortgage Calculator

Est. Monthly Payment

$14,207

Principal & Interest$11,317
Property Tax$2,238
Insurance$653
%($447,600)
%

Investment Score

0D
Est. Monthly Rent
$4,901
Monthly Cashflow

Rent − PITIA

$-9,307
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,299

Mortgage (P+I)
$11,317
Cap Rate
-0.53%
Cash-on-Cash
-32.97%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$20,873

NOI (Annual)
$-11,787
Price-to-Rent

Lower = better for investors

38.1

* 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.

Get Expert AnalysisOpen Full Calculator