4499 Campus Avenue
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4499 Campus Avenue

D

San Diego, CA 92116

$1,299,999
NEW — 0d

Beds

Baths

Sqft

1,254

Year Built

1946

Days on Market

0

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2603387

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

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About This Property

Rare opportunity to own a charming triplex in the heart of highly desirable University Heights. This unique property features three detached 1-bedroom, 1-bath cottages on a corner lot, offering great visibility and flexibility for both investors and owner-occupants. Each unit offers its own character and comfortable living space, creating strong rental appeal in one of San Diego’s most walkable neighborhoods. Added value: assumable mortgage at 2.9%, providing a rare and highly attractive financing opportunity in today’s market. Ideally located just west of Park Blvd, residents enjoy easy access to popular restaurants, cafés, shops, and neighborhood favorites, with close proximity to North Park, Balboa Park, Downtown San Diego, Hillcrest, and major freeways. The property sits in the vibrant University Heights community, known for its lively atmosphere, local dining scene, and central location. Perfect for investors seeking income potential or buyers looking to live in one unit while renting the others. With strong rental demand and a premier San Diego location, and the advantage of a 2.9% assumable mortgage, this triplex offers a rare combination of lifestyle, flexibility, and long-term upside.

Mortgage Calculator

Est. Monthly Payment

$8,253

Principal & Interest$6,574
Property Tax$1,300
Insurance$379
%($260,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$4,550
Monthly Cashflow

Rent − PITIA

$-3,703
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,832

Mortgage (P+I)
$6,574
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$12,124

NOI (Annual)
$8,894
Price-to-Rent

Lower = better for investors

23.8

* 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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