4511 Santa Cruz Avenue

4511 Santa Cruz Avenue #12x11

D

San Diego, CA 92107

$2,900,000

Beds

3

Baths

3

Sqft

2,768

Year Built

2000

Days on Market

25

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005055SD

Description

Inspired by Architect Bernard Maybeck renowned for Arts & Crafts movement in the early 1920’s, meticulously built home by contractor Mark Holmes and strategically placed on the lot to maximize the sweeping, panoramic views of OB village, whitewater view north of the Pacific coastline, to the PB north shore/LJ south shore. This 3-bedroom, 3 bath home exudes an emotional chemistry. Original home built in 1928 and seamlessly expanded and completed (according to permit records) in 2000. Current owners have lovingly maintained this jewel. Sentimentally called the ‘Pine House’ with the imposing and robust Torrey pine tree, enter this home and you are overwhelmed by the beauty of the property setting and building materials used. Note the lovely Brazilian cherry wood floors and the grand light filled rooms and open floor plan. Prominent and unique rock fireplace (with gas started) in living room with seating alcove to take in the gorgeous whitewater coastal views from OB village to La Jolla south shore. Box beamed ceilings in dining room with custom cherry wood built-in sideboard. Kitchen has double convection oven, wonderful counter space & loads of cabinetry for storage. Main floor guest bedroom has lovely window seat to gaze out to the backyard garden. As you ascend the stairs to the master the views get even better. Top floor is a wonderful kids paradise with loads of storage closets and beautiful views. Above the garage is an artist studio/office with its own wood-burning fireplace with gas jet, balcony and more whitewater views. Room Measurements: BR#2 - 1st floor guest room 12x11. BR#3 -Top floor bedroom 21x14. Extra room#1 - alcove in primary bedroom. Extra room#2 - detached office/game room over garage - 23x20.

Mortgage Calculator

Est. Monthly Payment

$18,410

Principal & Interest$14,664
Property Tax$2,900
Insurance$846
%($580,000)
%

Investment Score

0D
Est. Monthly Rent
$5,603
Monthly Cashflow

Rent − PITI − HOA

$-12,807
Full Cashflow

Incl. vacancy, PM, maint, capex

$-16,512

Mortgage (P+I)
$14,664
Cap Rate
-0.76%
Cash-on-Cash
-34.16%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.30
Break-even Rent
$27,048

NOI (Annual)
$-22,180
Price-to-Rent

Lower = better for investors

43.1

* 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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