4531 Ohio St
1 / 8

4531 Ohio St

D

San Diego, CA 92116

$639,999
NEW — 1d on market

Beds

2

Baths

1

Sqft

660

Year Built

1928

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260009146SD

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

About This Property

FIXER UPPER! CASH ONLY Development Opportunity nestled in one of San Diego’s most sought-after neighborhoods, this property offers an unbeatable location with close proximity to parks, top-rated restaurants, local shops, and major transit routes making it highly desirable for both homeowners and future tenants alike. Positioned within a Transit Priority Area (TPA), Complete Communities Plan area, and a Sustainable Development Area, this property benefits from some of the City’s most progressive planning overlays aimed at increasing housing supply and encouraging smart, transit-oriented growth. Combined with the RM-3-9 zoning, this creates a powerful opportunity for investors and developers to unlock additional density and maximize the site’s full potential. Whether you’re envisioning a **modern multi-unit development, income-producing rental units, or a strategic value-add renovation**, the flexibility here is real. These designations are specifically intended to support higher-density housing, and walkability, making this an ideal long-term hold or redevelopment play in a growth-focused corridor. With strong rental demand, continued urban infill, and limited opportunities in high-demand areas like this, properties with this combination of zoning and overlays are becoming increasingly rare. This is more than just a property, it’s a scalable investment aligned with the future of San Diego development. Don’t miss your chance to capitalize on the upside. Buyer to verify all zoning, development standards, density allowances, and applicable incentives with the City of San Diego.

Mortgage Calculator

Est. Monthly Payment

$4,063

Principal & Interest$3,236
Property Tax$640
Insurance$187
%($128,000)
%

Location

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Investment Score

5D
Est. Monthly Rent
$2,950
Monthly Cashflow

Rent − PITIA

$-1,113
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,325

Mortgage (P+I)
$3,236
Cap Rate
1.71%
Cash-on-Cash
-21.80%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$5,969

NOI (Annual)
$10,934
Price-to-Rent

Lower = better for investors

18.1

* 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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