4035 Highland Ave
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4035 Highland Ave

D

San Diego, CA 92105

$1,650,000

Beds

Baths

Sqft

5,228

Year Built

1970

Days on Market

59

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2601035

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

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About This Property

We are pleased to present the exclusive opportunity to acquire Highland Ave, an 8-unit multifamily property located in San Diego, CA 92105. Situated in the City Heights submarket. The property consists of a two-story apartment building featuring a desirable unit mix of three (3) 2-bedroom / 1-bathroom units and five (5) 1-bedroom / 1-bathroom units. The asset remains largely in original condition, with seven (7) units unrenovated and one (1) 2-bedroom / 1-bathroom unit renovated in 2025. The property includes eight (8) off-street parking spaces, comprised of four (4) garages and four (4) surface spaces, a notable amenity for the area. Additional features include a shared on-site laundry room. The roof was updated approximately 10+ years ago, and a new water heater was installed in 2024.

Mortgage Calculator

Est. Monthly Payment

$10,475

Principal & Interest$8,343
Property Tax$1,650
Insurance$481
%($330,000)
%

Location

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Comparable Properties

2 comps found

This Property

$3,327

vs

Comp Average

$4,061

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$3,327
Monthly Cashflow

Rent − PITIA

$-7,147
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,288

Mortgage (P+I)
$8,343
Cap Rate
-0.69%
Cash-on-Cash
-33.77%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.32
Break-even Rent
$15,389

NOI (Annual)
$-11,331
Price-to-Rent

Lower = better for investors

41.3

* 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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