4515 Louisiana St
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4515 Louisiana St

D

San Diego, CA 92116

$1,295,000
NEW — 0d

Soft Appraisal Value: $1,280,600 · 1.1% above estimate

Beds

2

Baths

2

Sqft

858

Year Built

1924

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260009436SD

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

About This Property

A Restored Piece of History in the Heart of University Heights. There’s something special about a Craftsman home. The way it feels. The way it tells a story before you even step inside. Welcome to 4515 Louisiana Street, a lovingly restored Craftsman tucked along a quiet street in historic University Heights. This home has a historic designation and is a contributor in the Melhorn & Son Historic District. This isn’t just a remodel. It’s a revival. With a Mills Act Agreement with the City of San Diego, this home stands to save the owners tens of thousands of dollars each year in property taxes an opportunity to steward history while enjoying meaningful financial benefit. Originally built in an era when homes were crafted with intention and character, this 2 bedroom 2 bath residence has been thoughtfully brought back to life, honoring its architectural roots while carefully integrating modern comforts. Every detail was approached with respect for the home’s history, preserving its timeless charm while restoring it for generations to come. Beyond its classic exterior lies a warm, inviting interior space -- where natural light fills the rooms and the spirit of early San Diego craftsmanship lives on. Among the extensive upgrades are brand new windows, appliances, HVAC system, roof, plumbing, and more. A fully permitted additional bathroom expands the original one-bathroom layout to a two-bathroom design that results in efficient space utilization and greater convenience, ensuring that the home’s next chapter is as strong as its foundation.

Mortgage Calculator

Est. Monthly Payment

$8,221

Principal & Interest$6,548
Property Tax$1,295
Insurance$378
%($259,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$2,826
Monthly Cashflow

Rent − PITIA

$-5,395
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,124

Mortgage (P+I)
$6,548
Cap Rate
-0.53%
Cash-on-Cash
-33.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$12,078

NOI (Annual)
$-6,914
Price-to-Rent

Lower = better for investors

38.2

* 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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