4621 Alabama St

4621 Alabama St

D

San Diego, CA 92116

$1,399,950
NEW — 2d on market

Soft Appraisal Value: $1,380,700 · 1.4% above estimate

Beds

2

Baths

4

Sqft

1,565

Year Built

1927

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007262SD

View on MLS

Description

Welcome to 4621 Alabama Street, a beautifully maintained Spanish-style home located in the heart of highly sought-after University Heights. This charming home has been fully remodeled, showcasing beautiful hardwood floors and an abundance of natural light throughout. The inviting living space centers around a classic fireplace, while the kitchen features new cabinetry and countertops, updated finishes, and new Pella windows, along with a functional layout ideal for everyday living. The balcony offers the perfect space for relaxing or entertaining while enjoying serene neighborhood views. The lush, landscaped backyard provides a peaceful retreat with mature greenery, garden pathways, and space to unwind or host gatherings. Fully permitted plans are in place to add a second-floor ADU (Accessory Dwelling Unit) with a separate address, ready for immediate construction. Adding to the property’s versatility, a detached structure offers potential for a guest suite, office, or rental opportunity. Ideally situated near vibrant restaurants, cafes, and local shops, this home offers the perfect combination of character, comfort, and prime urban location.

Mortgage Calculator

Est. Monthly Payment

$8,887

Principal & Interest$7,079
Property Tax$1,400
Insurance$408
%($279,990)
%

Investment Score

3D
Est. Monthly Rent
$5,302
Monthly Cashflow

Rent − PITI − HOA

$-3,585
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,971

Mortgage (P+I)
$7,079
Cap Rate
0.95%
Cash-on-Cash
-25.59%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$13,056

NOI (Annual)
$13,296
Price-to-Rent

Lower = better for investors

22.0

* 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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