4173 Wilson
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4173 Wilson

Dbottom 20%

San Diego, CA 92104

$1,250,000
NEW — 0d
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

88 licensed short-term rentals within ½ mile (55 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$6,953/mo full cashflow at 20% down, 7.43% rate.

Works at $344,717 (72% under asking); even all cash loses money at asking.

Rent $3,439/mo from 10 leases of 1–3 bed houses within 0.5 mi ($3,047–$3,636).

Beds

2

Baths

1

Sqft

906

Year Built

2026

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026453SD

This property is in San Diego (92104). View neighborhood stats →

Virtual Tour

About This Property

LUXURY NORTH PARK HOME – MOVE-IN READY + PRIME DEVELOPMENT OPPORTUNITY Beautifully Renovated Home with Exceptional 3-Unit Development Potential! Welcome to this beautifully renovated, luxury 2-bedroom, 1-bathroom home in the highly desirable North Park neighborhood of San Diego. Move-in ready and thoughtfully upgraded, this home offers comfort, style, and an excellent opportunity for its next owner to enjoy immediately. Beyond the existing home, the property offers exceptional development potential, with architectural plans for three additional residential units ready for submission to the City of San Diego. Proposed Development: ? One spacious 3-bedroom, 2-bathroom residence ? Two additional 2-bedroom, 1-bathroom residential units Whether you’re looking for a beautiful home to enjoy, an investment property, or an opportunity to expand and develop, this property offers the best of both worlds. Located in the heart of North Park, close to restaurants, shopping, parks, and major conveniences. Live in it, invest in it, or develop it – an exceptional opportunity in one of San Diego’s most desirable neighborhoods! Buyer to independently verify plans, permits, zoning, and development potential with the City of San Diego. Originally built in 1921 and totally remodeled in 2026 year.

Mortgage Calculator

Est. Monthly Payment

$8,559

Principal & Interest$6,944
Property Tax$1,250
Insurance$365
%($250,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Edison Elementary · grades PK-5 · San Diego Unified

  • Middle

    Wilson Middle · grades 6-8 · San Diego Unified

  • High

    Hoover High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

2D
Est. Monthly Rent
$3,439

10 leases of 1–3 bed houses within 0.5 mi · $3,047–$3,636

Blended 50/50 with the zip's market median ($3,502)

Monthly Cashflow

Rent − PITIA

-$5,120
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,953

What would make this work?

$6,953/mo short at 20% down; +$9,030/mo rent closes it.

Break-even price

72% under asking

$344,717
Break-even rent

$9,030/mo above the estimate

$12,469/mo
Cashflow at 35% down
−$5,651/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,944
Cap Rate
0.16%
Cash-on-Cash
-33.37%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$1,960
Price-to-Rent

Lower = better for investors

30.3

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$6,953/mo