4040 Alameda

4040 Alameda

D

San Diego, CA 92103

$2,599,888
NEW — 1d on market

Soft Appraisal Value: $2,562,100 · 1.5% above estimate

Beds

4

Baths

4

Sqft

3,260

Year Built

1911

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260006645SD

View on MLS

Description

Located on historic Alameda Drive in the Inspiration Heights neighborhood of Mission Hills, this circa-1911 residence is recognized as a contributing home within the Inspiration Heights Historic District and was added to the National Register of Historic Places on December 7, 2021. The home offers approximately 3,200 square feet with 4 bedrooms and 4 bathrooms, showcasing classic early-20th-century architectural details including hardwood floors and box-beam ceilings. The main living spaces feature generous room sizes and preserved period character throughout. A walk-out basement of approximately 580 square feet opens directly to the backyard and canyon setting. The property sits on an approximately 16,000 square foot lot with a quiet canyon backdrop. Additional features include a detached two-car garage with space below that may offer potential for additional use, subject to buyer investigation and local regulations. Property inspections have been completed. The home is located near neighborhood amenities, parks, dining, and local attractions in Mission Hills. Set along historic Alameda Drive, the property enjoys a premier location among preserved period homes, mature landscaping, and the timeless character that defines Mission Hills living. The walk-out basement and deep canyon lot create a rare indoor-outdoor connection—perfect for entertaining, multigenerational living, or future expansion. This is more than a home—it’s a preserved piece of San Diego history, thoughtfully maintained and ready for its next chapter yet close to major highways, airport, beaches & more.

Mortgage Calculator

Est. Monthly Payment

$16,505

Principal & Interest$13,146
Property Tax$2,600
Insurance$758
%($519,978)
%

Investment Score

0D
Est. Monthly Rent
$5,403
Monthly Cashflow

Rent − PITI − HOA

$-11,101
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,511

Mortgage (P+I)
$13,146
Cap Rate
-0.63%
Cash-on-Cash
-25.62%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.33
Break-even Rent
$16,504

NOI (Annual)
$-16,370
Price-to-Rent

Lower = better for investors

40.1

* 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.

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