4494 Cleveland Ave
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4494 Cleveland Ave

D

San Diego, CA 92116

$1,349,000
NEW — 2d

Soft Appraisal Value: $1,357,200 · 0.6% below estimate

Beds

2

Baths

1.5

Sqft

1,100

Year Built

1925

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260010088SD

This property is in San Diego (92116). View neighborhood stats →

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About This Property

Welcome to this beautifully updated Spanish Bungalow in the heart of vibrant University Heights. Privately set yet incredibly walkable, this turnkey residence welcomes you with a lush courtyard entry and tranquil fountain—creating an immediate sense of charm and serenity. Rich in original character and thoughtfully updated for today’s lifestyle, the home showcases graceful archways, coved ceilings, and warm wood flooring. Sun-drenched living spaces are framed by new Pella dual-pane windows, enhancing energy efficiency. Thoughtfully upgraded throughout, the home features a resealed roof, newer HVAC system with new ductwork (2022), and owned solar—delivering year-round comfort and long-term savings. Additional improvements include foundation upgrades, a new gas line, insulated flooring, new floor registers, and a newer water heater. The light-filled kitchen offers abundant wood cabinetry, stainless steel appliances, a wine refrigerator, and a charming breakfast nook. Embrace a farm-to-table lifestyle with multiple garden beds, perfect for growing fresh herbs and vegetables. The exterior showcases drought-tolerant landscaping, fruit trees, and inviting garden spaces designed for effortless California living. A spacious detached one-car garage and private driveway provide valuable off-street parking. A standout feature is the detached workspace with electrical—ideal for a private office, yoga studio, or creative retreat. All appliances convey, including a Weber BBQ with a dedicated gas line, completing this exceptional offering.

Mortgage Calculator

Est. Monthly Payment

$8,564

Principal & Interest$6,821
Property Tax$1,349
Insurance$393
%($269,800)
%

Location

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Investment Score

4D
Est. Monthly Rent
$4,243
Monthly Cashflow

Rent − PITIA

$-4,320
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,420

Mortgage (P+I)
$6,821
Cap Rate
0.36%
Cash-on-Cash
-28.56%
DSCR

Need ≥ 1.25 for DSCR loan

0.50
Break-even Rent
$12,581

NOI (Annual)
$4,811
Price-to-Rent

Lower = better for investors

26.5

* 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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