4384 Oregon Street
Dbottom 20%San Diego, CA 92104
One license per person in San Diego: whether you can hold it depends on you, not only the home.
100 licensed short-term rentals within ½ mile (73 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$8,833/mo full cashflow at 20% down, 7.36% rate.
Works at $344,235 (77% under asking); even all cash loses money at asking.
Rent $3,416/mo from 16 leases of 2-bed houses within 1 mi ($3,073–$3,521).
Beds
2
Baths
2
Sqft
816
Year Built
1974
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026829SD
This property is in San Diego (92104). View neighborhood stats →
About This Property
RTI MULTIFAMILY DEVELOPMENT OPPORTUNITY in the heart of North Park! Fully approved, ready-to-issue plans for a new three-story, 17-unit apartment building with lofts. Situated on a 5,003 SF lot zoned RM-3-9, the property offers developers a rare opportunity to bypass lengthy entitlement timelines and move directly toward construction. The property is currently improved with a partially remodeled 2BR/2BA single-family residence and a single-car garage. Prime central location just minutes from North Park's vibrant restaurants, shops, breweries, Balboa Park, and Downtown San Diego.
Mortgage Calculator
Est. Monthly Payment
$10,213
Location
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Zoned Schools
Elementary
Garfield Elementary · grades PK-5 · San Diego Unified
Middle
Roosevelt International Middle · grades 6-8 · San Diego Unified
High
San Diego 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.
Comparable Properties
3 comps foundThis Property
$3,416
Comp Average
$3,311
2215 Dwight Street
2bd / 1ba · 796 sqft · Single Family
$950K
Est. $3,371/mo
2536 Montclair
2bd / 1ba · 855 sqft · Single Family
$1.20M
Est. $3,270/mo
4173 Wilson
2bd / 1ba · 906 sqft · Single Family
$1.25M
Est. $3,293/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 2-bed houses within 1 mi · $3,073–$3,521
Blended 50/50 with the zip's market median ($3,505)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,833/mo short at 20% down; +$11,471/mo rent closes it.
- Break-even price
- $344,235
- Break-even rent
- $14,887/mo
- Cashflow at 35% down
- −$7,281/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
77% under asking
$11,471/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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