4542 Milton Street
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4542 Milton Street

Ctop 80%

San Diego, CA 92110

$1,799,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

53 licensed short-term rentals within ½ mile (31 whole home), from the cities' license and permit lists of Nov 8, 2026.

Pass at asking: -$9,083/mo full cashflow at 20% down, 7.43% rate.

Works at $616,337 (66% under asking), or at 93% down.

Rent $6,148/mo from 9 leases of 3–5 bed houses within 1 mi, same school area ($5,461–$6,367).

Beds

4

Baths

3

Sqft

2,131

Year Built

1962

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023278SD

This property is in San Diego (92110). View neighborhood stats →

Virtual Tour

About This Property

Welcome to 4542 Milton Street-beautifully renovated, light-filled Bay Park home set on an elevated corner lot. Upgraded and updated from top to bottom, this 4-bedroom, 3-bath residence blends modern comfort with the relaxed coastal Bay Park lifestyle. The main living area offers an open and welcoming layout, connecting the dining area and kitchen. The West facing balcony off the living room provides the perfect spot to enjoy San Diego’s spectacular sunsets and views of Mission Bay. The remodeled kitchen features quartz countertops and a suite of updated appliances, including a GE refrigerator and Whirlpool appliances. The spacious primary suite features a generous walk-in closet, dual-sink vanity with quartz countertops, and a sliding glass door that opens to the backyard. One of the main-level guest bedrooms features its own French door entrance and ensuite bathroom, creating a private guest retreat that can be closed off from the rest of the home. Extensive recent improvements provide both style and peace of mind, including newly installed fully permitted central air conditioning and all-new ducting, fully insulated attic space, and custom roller shades and vertical blinds throughout. The oversized corner lot provides an expansive, fully fenced backyard with mature fruit trees, including avocado, orange, and quince trees, with potential for an ADU. With its extensive renovations, generous lot, indoor-outdoor living, and exceptional location, 4542 Milton Street offers a rare opportunity to enjoy a turnkey home in one of San Diego's most sought after coastal communities. Six-foot wood fencing has been recently stained. Ideally located just minutes from an award-winning elementary school, Western Hills Park, and some of Bay Park’s favorite restaurants, cafes, and neighborhood gathering spots.

Mortgage Calculator

Est. Monthly Payment

$12,318

Principal & Interest$9,994
Property Tax$1,799
Insurance$525
%($359,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bay Park Elementary · grades K-5 · San Diego Unified

  • Middle

    Marston Middle · grades 6-8 · San Diego Unified

  • High

    Clairemont High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

8C
Est. Monthly Rent
$6,148

9 leases of 3–5 bed houses within 1 mi, same school area · $5,461–$6,367

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$6,170
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,083

What would make this work?

$9,083/mo short at 20% down; 93% down or +$11,797/mo rent closes it.

Break-even price

66% under asking

$616,337
Break-even rent

$11,797/mo above the estimate

$17,945/mo
Cashflow at 35% down
−$7,209/mo
Down payment to break even

$1,673,070 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,994
Cap Rate
0.81%
Cash-on-Cash
-30.29%
DSCR

Need ≥ 1.25 for DSCR loan

0.50

NOI (Annual)
$14,618
Price-to-Rent

Lower = better for investors

24.4

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$9,083/mo