4565 62nd St

4565 62nd St

Atop 10%

San Diego, CA 92115

$799,000
NEW — 0d
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.

30 licensed short-term rentals within ½ mile (17 whole home), from the cities' license and permit lists of Nov 3, 2026.

Pass at asking: -$2,332/mo full cashflow at 20% down, 7.49% rate.

Works at $496,627 (38% under asking), or at 62% down.

Rent $4,975/mo from 9 leases of 3–5 bed houses within 0.5 mi ($4,496–$5,085).

Beds

4

Baths

3

Sqft

1,829

Year Built

1961

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026153SD

This property is in San Diego (92115). View neighborhood stats →

About This Property

Set on a quiet street in the SDSU area, one of Central San Diego's most convenient locations, this single-level residence offers four bedrooms, three full baths, and a generous floor plan ready for its next chapter. The most significant investments have already been made, including a newer roof, owned solar, and an upgraded electrical panel, allowing the next owner to focus on the details that make it their own. Interior finishes are ready for refresh, presenting an opportunity to update the kitchen, baths, and living spaces to your own taste and build value from day one. A spacious living room with a fireplace and a separate family room with vaulted ceilings provide distinct areas for gathering and everyday living, while the primary suite includes its own full bath. Three full baths and generous bedrooms offer flexibility for guests, a home office, or multigenerational living. Outside, two separate yards set this home apart. One is anchored by a pool, ideal for entertaining and year-round outdoor living, while the second offers a large, open canvas for gardening, play, or expansion. A two-car garage with alley access completes the offering, and both the garage and the second yard present excellent ADU potential for added income or flexible living space. Ideally located near shopping, dining, local coffee shops, parks, and major freeways. Space, location, and the freedom to make it your own, all at a price that is not expected to last.

Mortgage Calculator

Est. Monthly Payment

$5,497

Principal & Interest$4,465
Property Tax$799
Insurance$233
%($159,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Pendleton Elementary · grades K-5 · San Diego Unified

  • Middle

    Mann Middle · grades 6-8 · San Diego Unified

  • High

    Crawford 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

61A
Est. Monthly Rent
$4,975

9 leases of 3–5 bed houses within 0.5 mi · $4,496–$5,085

Blended 50/50 with the zip's market median ($5,355)

Monthly Cashflow

Rent − PITIA

-$522
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,332

What would make this work?

$2,332/mo short at 20% down; 62% down or +$3,029/mo rent closes it.

Break-even price

38% under asking

$496,627
Break-even rent

$3,029/mo above the estimate

$8,004/mo
Cashflow at 35% down
−$1,495/mo
Down payment to break even

$495,380 cash

62%
Rate to break even

at 20% down

1.26%

Mortgage (P+I)
$4,465
Cap Rate
3.58%
Cash-on-Cash
-17.51%
DSCR

Need ≥ 1.25 for DSCR loan

0.91

NOI (Annual)
$28,580
Price-to-Rent

Lower = better for investors

13.4

* Modelled at 20% down, 7.49% 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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ACashflow−$2,332/mo