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4475 Landis Street

Ctop 80%

San Diego, CA 92105

$590,000

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.

29 licensed short-term rentals within ½ mile (15 whole home), from the cities' license and permit lists of Nov 9, 2026.

Pass at asking: -$2,864/mo full cashflow at 20% down, 7.43% rate.

Works at $217,093 (63% under asking), or at 90% down.

Rent $2,165/mo from 11 leases of studio–2 bed houses within 1 mi ($2,264–$2,556).

Beds

Baths

Sqft

624

Year Built

1926

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023273SD

This property is in San Diego (92105). View neighborhood stats →

Virtual Tour

About This Property

Welcome to your private urban oasis in the heart of vibrant City Heights. This charming 1 bedroom, 1 bath cottage perfectly blends historical character with modern convenience, offering a rare opportunity for first time buyers or savvy investors. This lovingly cared for little cottage has an option for a second bedroom. From the moment you step inside you will love the bright light living spaces. New interior and exterior paint, new vinyl windows, new appliances, new water heater. This beautifully remodeled property is situated in a highly walkable pocket of City Heights, across from City Heights Park and Fairmount village, minutes away from an eclectic mix of local dining, coffee shops, community parks, and major transit routes for an easy commute anywhere in San Diego.

Mortgage Calculator

Est. Monthly Payment

$4,040

Principal & Interest$3,278

Property Tax$590

Insurance$172

Down Payment

%($118,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Rosa Parks Elementary · grades PK-5 · San Diego Unified
Middle
Clark 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.

Comparable Properties

5 comps found

This Property

$2,165

Comp Average

$3,116

2920 Dahlia

3bd / 1ba · 978 sqft · Single Family

$659K

Est. $3,185/mo

3596 44th Street

2bd / 2ba · 675 sqft · Single Family

$594K

Est. $2,722/mo

5474 Streamview Dr

4bd / 2ba · 1,116 sqft · Single Family

$700K

Est. $3,310/mo

4788 Auburn Dr

2bd / 2ba · 1,209 sqft · Single Family

$690K

Est. $3,074/mo

4008 Manzanita Drive

3bd / 2ba · 896 sqft · Single Family

$775K

Est. $3,287/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

32C

Est. Monthly Rent

$2,165

11 leases of studio–2 bed houses within 1 mi · $2,264–$2,556

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,875

Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,864

What would make this work?

$2,864/mo short at 20% down; 90% down or +$3,720/mo rent closes it.

Break-even price: $217,093
Break-even rent: $5,885/mo
Cashflow at 35% down: −$2,250/mo
Down payment to break even: 90%
Rate to break even: Not reachable

Mortgage (P+I)

$3,278

Cap Rate

1.06%

Cash-on-Cash

-29.13%

DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)

$6,260

Price-to-Rent

Lower = better for investors

22.7

* 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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CCashflow−$2,864/mo