4103 Cleveland Ave

4103 Cleveland Ave

D

San Diego, CA 92103

$899,000

Soft Appraisal Value: $892,200 · 0.8% above estimate

Beds

2

Baths

2

Sqft

808

Year Built

1968

Days on Market

31

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005242SD

Description

Zoned RM4-11 in the heart of Hillcrest, this property presents a rare opportunity in one of San Diego’s most active redevelopment corridors. One block from the future Normal Street Promenade & steps to Great Maple, University Ave, & convenient freeway access. Existing 2-bedroom, 2-bath cottage includes recently remodeled kitchen, generous yard, & detached 2-car garage. The home is ready for a buyer w/ vision, whether undertaking a substantial renovation or pursuing redevelopment. W/ multi-family zoning in place, the parcel offers strong potential for new construction in a high-demand urban neighborhood.

Mortgage Calculator

Est. Monthly Payment

$5,707

Principal & Interest$4,546
Property Tax$899
Insurance$262
%($179,800)
%

Investment Score

4D
Est. Monthly Rent
$3,622
Monthly Cashflow

Rent − PITIA

$-2,085
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,667

Mortgage (P+I)
$4,546
Cap Rate
1.17%
Cash-on-Cash
-24.47%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.63
Break-even Rent
$8,384

NOI (Annual)
$10,545
Price-to-Rent

Lower = better for investors

20.7

* 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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