4103 Cleveland Ave
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4103 Cleveland Ave

C

San Diego, CA 92103

$849,000
NEW — 2d

Soft Appraisal Value: $842,400 · 0.8% above estimate

Beds

2

Baths

2

Sqft

808

Year Built

1968

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013022SD

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

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About This Property

Zoned RM4-11 in heart of Hillcrest, priced for land value, not the dwelling. Existing structure requires substantial renovation & is sold strictly as-is; the photos do not reflect the scope of work involved. One block from the future Normal Street Promenade, steps to University Ave & freeway access. Detached 2-car garage & generous yard. Density supports up to 1 unit per 200 sq ft of lot area — a legitimate multi-family opportunity in one of San Diego's most active redevelopment corridors. Showings for investors, builders, & buyers prepared to take on the project.

Mortgage Calculator

Est. Monthly Payment

$5,390

Principal & Interest$4,293
Property Tax$849
Insurance$248
%($169,800)
%

Location

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Investment Score

34C
Est. Monthly Rent
$3,740
Monthly Cashflow

Rent − PITIA

$-1,650
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,218

Mortgage (P+I)
$4,293
Cap Rate
1.52%
Cash-on-Cash
-22.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$7,919

NOI (Annual)
$12,904
Price-to-Rent

Lower = better for investors

18.9

* 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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