4144 Palmetto Way
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4144 Palmetto Way

D

San Diego, CA 92103

$1,700,000
NEW — 0d on market

Soft Appraisal Value: $1,670,400 · 1.8% above estimate

Beds

3

Baths

2

Sqft

1,309

Year Built

1939

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008321SD

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

About This Property

She’s a small gem in the heart of North Mission Hills. A charming 1939 Spanish, single level home, with lovely barrel ceilings, an arched entry to the dining room, and original hardwood floors. She could stand a little zhuzhing; there is potential to create your dream kitchen and bathrooms, but her heart is true. 1309 sq ft per the tax roll with a transformational additional 499 sq ft light-filled “great room” (unpermitted) created between the house and the garage that opens onto your private courtyard. Her premier location and her ultra lush drought-tolerant xeriscape front and side yards understatedly announce her desirability in one of San Diego’s most coveted neighborhoods. She has 3 bedrooms and two bathrooms and I’m not going to lie; there is some work you are going to want to do to refresh her original “bones” and make her your own. But her position on a prime corner lot in North Mission Hills a block from both the West Lewis Business District in one direction and Francis Parker Lower School in the other speak to her intrinsic worth. Three split units provide air conditioning. Sharing a cozy evening with friends in her embracing living room will contrast with the joyful exuberance of entertaining in the generosity of space known as the “great room”. Guests can flow from there onto the stone patio under the pergola in front of your outdoor fireplace and spread out into your walled courtyard. Or enjoy a quiet morning coffee or dinner a deux al fresco in a peaceful private sanctuary of your own creation. Owned by a treasured neighbor for almost 30 years, 4144 Palmetto Way is eagerly awaiting her new life.

Mortgage Calculator

Est. Monthly Payment

$10,792

Principal & Interest$8,596
Property Tax$1,700
Insurance$496
%($340,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,931
Monthly Cashflow

Rent − PITIA

$-5,861
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,412

Mortgage (P+I)
$8,596
Cap Rate
0.13%
Cash-on-Cash
-29.69%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$15,856

NOI (Annual)
$2,210
Price-to-Rent

Lower = better for investors

28.7

* 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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