4505 Palo Verde Terrace
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4505 Palo Verde Terrace

D

San Diego, CA 92115

$2,925,000
NEW — 3d

Beds

3

Baths

4

Sqft

4,429

Year Built

1993

Days on Market

3

Property Type

Single Family

HOA/mo

$2,649.96

MLS ID

260013633SD

This property is in San Diego (92115). View neighborhood stats →

About This Property

Alvarado Estates home, on 4 acres with its own private gate, designed for both comfortable living and effortless entertaining. Expansive windows showcase breathtaking canyon views, spectacular sunsets, sparkling city lights, and seasonal fireworks displays. At the heart of the home is a spacious great room where the family room and gourmet kitchen seamlessly connect. Rich light hickory flooring, custom built-in cabinetry, and one of three fireplaces create a warm yet sophisticated atmosphere. The chef's kitchen features premium Dacor and Sub-Zero appliances, including three ovens, a six-burner gas cooktop, warming drawers, twin refrigerator and freezer units, a beverage refrigerator, prep sink, dishwasher, and an impressive 8-by-8-foot walk-in pantry. The primary suite serves as a private retreat with expansive views, a generous walk-in closet, and a luxurious bath with soaking tub and separate shower. Two additional ensuite bedrooms and a dedicated home office provide comfort and flexibility. Outdoor amenities include a pergola-covered seating area, tranquil water feature, firepit, raised garden beds, and a variety of mature fruit trees including lemon, tangerine, grapefruit, plum, apricot, nectarine, peach, and guava. An unfinished walk-out basement offers exceptional potential for future expansion. A rare opportunity to enjoy refined estate living in one of San Diego's most sought-after communities. Nestled within the prestigious gated community of Alvarado Estates, this exceptional executive residence offers contemporary architecture, spacious interiors, and a seamless connection to the outdoors. The thoughtfully designed layout easily accommodates everything from intimate dinner parties to large family gatherings and milestone celebrations with more than 100 guests. Expansive windows and outdoor living spaces capture breathtaking sunset views, canyon vistas, sparkling city lights, and even the occasional fireworks display illuminating the evening sky. A four acres parcel, and a private gate at the top of the driveway create both security and seclusion. Despite its estate-like setting, the home enjoys convenient access to the region's premier dining, shopping, beaches, universities, healthcare facilities, and major employment centers. At the heart of the home is a spectacular great room where the family room and gourmet kitchen blend seamlessly into one expansive gathering space. Rich light hickory flooring, custom built-in cabinetry, and one of three fireplaces create a warm yet sophisticated ambiance. Designed to satisfy the most discerning chef, the gourmet kitchen combines beauty and functionality with premium Dacor and Sub-Zero appliances, including three Dacor ovens, a six-burner gas cooktop, two warming drawers, twin Sub-Zero refrigerator and freezer units, a beverage refrigerator, prep sink, and dishwasher. An impressive 8-by-8-foot walk-in pantry with custom built-ins provides exceptional storage and organization, while the spacious laundry room offers abundant cabinetry and workspace. The primary suite serves as a private sanctuary, showcasing sweeping canyon views and twinkling evening lights that create a serene backdrop both day and night. The spacious retreat includes a generous walk-in closet and a luxurious ensuite bath featuring a soaking tub, separate shower, and extensive custom cabinetry. Home also boasts two additional bedrooms each offer ensuite bathrooms, and a dedicated home office. The unfinished basement presents an outstanding opportunity for future expansion, with plans already prepared for a thoughtfully designed walk-out lower level. Whether envisioned as additional living space, a guest suite, multigenerational quarters, a recreation area, or a potential ADU (subject to approvals), the possibilities are exceptional. Outdoor living includes pergola-covered seating area, tranquil water feature, and inviting firepit create welcoming spaces for conversation, relaxation, and year-ro...

Mortgage Calculator

Est. Monthly Payment

$21,218

Principal & Interest$14,790
Property Tax$2,925
Insurance$853
HOA$2,650
%($585,000)
%

Location

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Comparable Properties

1 comp found

This Property

$4,990

vs

Comp Average

$5,294

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

Investment Score

0D
Est. Monthly Rent
$4,990
Monthly Cashflow

Rent − PITIA

$-16,228
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,814

Mortgage (P+I)
$14,790
Cap Rate
-2.06%
Cash-on-Cash
-40.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.24
Break-even Rent
$30,722

NOI (Annual)
$-60,278
Price-to-Rent

Lower = better for investors

48.8

* 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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