4474 Cape May Avenue
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4474 Cape May Avenue

C

San Diego, CA 92107

$2,589,000
NEW — 7d

Soft Appraisal Value: $2,492,200 · 3.9% above estimate

Beds

4

Baths

3

Sqft

2,428

Year Built

1936

Days on Market

7

Property Type

Duplex

HOA/mo

N/A

MLS ID

PTP2604972

This property is in San Diego (92107). View neighborhood stats →

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About This Property

Perched to capture sweeping northwest ocean views over Pacific Beach and Mission Bay, this extensively reimagined home blends designer style with everyday function in one of San Diego's most coveted coastal neighborhoods. Taken down to the studs and rebuilt with all-new systems, it offers the rare combination of turnkey finishes, flexible living space, and a setting that's hard to replicate. The main living level lives like a single-story retreat — bright, open, and made for entertaining. A reimagined floor plan creates a seamless great room anchored by a chef's kitchen: a 48" Forno six-burner dual range, Fisher & Paykel 36" panel-ready refrigerator, farmhouse sink, custom white oak cabinetry, and quartz countertops. Wide-plank luxury vinyl flooring, designer lighting and pendants, and crisp Santa Barbara-style stucco set a clean, modern-coastal tone. Step through the bifold door to a brand-new view deck with a fire pit ready gas line, and LED accent lighting — the perfect perch for sunsets, ocean breezes, and front-row seats to the SeaWorld drone and firework shows. The primary suite features an expanded walk-in closet, and every bath is finished with new vanities, tile, and fixtures. A downstairs junior ADU with its own kitchen and full bath offers excellent flexibility for guests, extended family, or a private home office. Additional Workshop not included in the Square footage. Behind the walls, the home has been comprehensively updated with a new electrical system and panel, new plumbing and sewer line, mini-split A/C, dual tankless water heaters, new windows, fencing, and hardscape. Rare four-car carport parking completes this one-of-a-kind coastal offering.

Mortgage Calculator

Est. Monthly Payment

$16,436

Principal & Interest$13,091
Property Tax$2,589
Insurance$755
%($517,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$6,879
Monthly Cashflow

Rent − PITIA

$-9,556
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,296

Mortgage (P+I)
$13,091
Cap Rate
-0.09%
Cash-on-Cash
-30.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$24,147

NOI (Annual)
$-2,456
Price-to-Rent

Lower = better for investors

31.4

* 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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