4517 34th St.

4517 34th St.

D

San Diego, CA 92116

$999,000
NEW — 2d on market

Beds

2

Baths

2

Sqft

803

Year Built

1925

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005829SD

View on MLS

Description

Perfectly positioned just moments from everything you love along Adams Avenue, this versatile Normal Heights property offers an exceptional opportunity to enjoy the neighborhood lifestyle while generating rental income. With both homes currently vacant, the next owner has the flexibility to live in one residence and rent the other to help significantly offset the monthly mortgage. The main home features 2 bedrooms and 1 bathroom with refinished hardwood floors, a remodeled bathroom, updated kitchen, and beautiful hand-painted Spanish accents that highlight a complete interior refresh. Large windows bring in natural light, creating a warm and inviting living space that feels both comfortable and full of character. Tucked privately behind the main home is a fully permitted studio ADU completed in 2019. Thoughtfully designed to maximize space and functionality, the casita offers a full kitchen, bathroom, covered patio, and private yard, creating a comfortable and efficient living environment that feels much larger than its footprint. Each home offers independent living with private entry, dedicated outdoor space, and parking, making the property ideal for rental income, multi-generational living, or a flexible live-work setup. Major upgrades include new electrical panels, a fully owned 9-panel LG solar system, ductless mini-split HVAC in both units, and a tankless water heater, providing modern efficiency and lower operating costs. A rare lot orientation provides a surprising sense of separation and privacy from neighboring properties — an invaluable feature in Normal Heights!

Mortgage Calculator

Est. Monthly Payment

$6,342

Principal & Interest$5,051
Property Tax$999
Insurance$291
%($199,800)
%

Investment Score

0D
Est. Monthly Rent
$2,894
Monthly Cashflow

Rent − PITI − HOA

$-3,447
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,946

Mortgage (P+I)
$5,051
Cap Rate
0.13%
Cash-on-Cash
-20.71%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$6,341

NOI (Annual)
$1,271
Price-to-Rent

Lower = better for investors

28.8

* 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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