4320 Cartagena Drive
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4320 Cartagena Drive

C

San Diego, CA 92115

$799,000

Soft Appraisal Value: $792,000 · 0.9% above estimate

Beds

2

Baths

2

Sqft

1,519

Year Built

1949

Days on Market

55

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2602090

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

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About This Property

Fixer Opportunity on a 13,000 sq ft lot. Wonderful Rolando neighborhood. Zoning RS 1-7 which requires 1 unit per 5,000 sq ft of lot size. Located in the Transit Priority Area. Build up to 6 ADU's and or other units. Contact the city to confirm details. Rent the main house while you get permits to develop the new units. Multiple flat building pads in the backyard. House has some deferred maintenance. Selling as-is.

Mortgage Calculator

Est. Monthly Payment

$5,072

Principal & Interest$4,040
Property Tax$799
Insurance$233
%($159,800)
%

Location

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Investment Score

32C
Est. Monthly Rent
$3,336
Monthly Cashflow

Rent − PITIA

$-1,736
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,169

Mortgage (P+I)
$4,040
Cap Rate
1.31%
Cash-on-Cash
-23.80%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$7,452

NOI (Annual)
$10,451
Price-to-Rent

Lower = better for investors

20.0

* 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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