4235 Bernadine Pl
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4235 Bernadine Pl

Ctop 80%

San Diego, CA 92115

$829,000
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.

13 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 3, 2026.

Pass at asking: -$3,542/mo full cashflow at 20% down, 7.49% rate.

Works at $369,847 (55% under asking), or at 82% down.

Rent $3,705/mo from 14 leases of 2–4 bed houses within 1 mi ($3,520–$4,255).

Beds

3

Baths

1

Sqft

1,252

Year Built

1954

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022030SD

This property is in San Diego (92115). View neighborhood stats →

Virtual Tour

About This Property

This meticulously maintained El Cerrito residence offers a truly turn-key experience, defined by extensive upgrades completed in 2022. Every detail has been addressed to ensure a seamless move-in, from the full interior and exterior repainted to the installation of new gutters and a solar roof fan. The home’s infrastructure features a new HVAC system for year-round climate control and Nest thermostat, along with updated electrical switches, outlets, lighting, and hardware throughout. Modern conveniences abound, including a newer microwave and washer, plus a refreshed bathroom. This home has a great flow, plenty of natural light, and an airy atmosphere with plenty of storage. You’re perfectly positioned in this friendly neighborhood to enjoy the vibrant energy of El Cerrito. You’re just minutes away from shopping, local favorites, eclectic dining, and the unique charm that makes this community so sought-after. The commitment to quality continued with enhancements in 2024, including a newly installed electric sub-panel in the garage. Seller has made over $50K in improvements including new HVAC, painting inside and exterior, electrical upgrades to panel, switches, lighting and fixtures, hardware, and so much more.

Mortgage Calculator

Est. Monthly Payment

$5,703

Principal & Interest$4,633
Property Tax$829
Insurance$242
%($165,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Fay Elementary · grades PK-5 · San Diego Unified

  • Middle

    Mann Middle · grades 6-8 · San Diego Unified

  • High

    Crawford 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

33C
Est. Monthly Rent
$3,705

14 leases of 2–4 bed houses within 1 mi · $3,520–$4,255

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,999
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,542

What would make this work?

$3,542/mo short at 20% down; 82% down or +$4,600/mo rent closes it.

Break-even price

55% under asking

$369,847
Break-even rent

$4,600/mo above the estimate

$8,305/mo
Cashflow at 35% down
−$2,673/mo
Down payment to break even

$679,780 cash

82%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,633
Cap Rate
1.85%
Cash-on-Cash
-25.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$15,315
Price-to-Rent

Lower = better for investors

18.6

* Modelled at 20% down, 7.49% 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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CCashflow−$3,542/mo