
4739 Redland Drive
Ctop 80%San Diego, CA 92115
One license per person in San Diego: whether you can hold it depends on you, not only the home.
35 licensed short-term rentals within ½ mile (19 whole home), from the cities' license and permit lists of Nov 6, 2026.
Pass at asking: -$6,568/mo full cashflow at 20% down, 7.43% rate.
Works at $494,904 (63% under asking), or at 91% down.
Rent $4,936/mo from 19 leases of 3–5 bed houses within 1 mi ($4,389–$5,037).
Beds
4
Baths
2
Sqft
1,768
Year Built
1939
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608112
This property is in San Diego (92115). View neighborhood stats →
About This Property
Discover the charm of canyon-view living in San Diego’s desirable El Cerrito neighborhood, where scenic, tree-filled canyon views create a beautiful backdrop for everyday living. This inviting home features 3 bedrooms on the main level, plus an oversized bonus room with a closet on the lower level, ideal for a home office, gym, guest space, or additional flexible living area. An open floor plan and waterproof laminate flooring throughout create a comfortable flow between living spaces. Significant improvements include a new roof, updated electrical, tankless water heater and split-system A/C units, all completed in 2022. A new refrigerator, washer, and dryer were also purchased in 2022. Additional upgrades include a whole-house fan and French drains installed in 2023. The kitchen features custom cabinetry, quartz countertops, stainless steel appliances, a center island with sink, and a contemporary backsplash. The lower-level basement area has been recently drywalled, offering additional storage and convenient access to the backyard. The attached one-car garage features refreshed epoxy flooring. Enjoy San Diego’s outdoor lifestyle from the deck overlooking the peaceful, tree-filled canyon. The backyard offers a private, spa-inspired retreat featuring a hot stone sauna, wood-burning spa, and outdoor shower. Additional amenities include mature fruit trees, a greenhouse, and water fountain, creating a relaxing setting to unwind and enjoy the outdoors. The low-maintenance front yard features raised garden beds and a water-efficient drip irrigation system. A unique opportunity to enjoy canyon-view living with versatile interior spaces, thoughtful improvements, and inviting indoor-outdoor amenities in a convenient San Diego location.
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Est. Monthly Payment
$9,244
Location
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Zoned Schools
Elementary
Hardy Elementary · grades K-5 · San Diego Unified
Middle
Lewis Middle · grades 6-8 · San Diego Unified
High
Henry 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.
Comparable Properties
5 comps foundThis Property
$4,936
Comp Average
$5,164
6117 Mesita Drive
4bd / 2ba · 1,955 sqft · Single Family
$1.40M
Est. $6,050/mo
5228 Augustana Place
4bd / 3ba · 1,840 sqft · Single Family
$1.18M
Est. $4,918/mo
4604 49th St.
3bd / 2ba · 1,777 sqft · Single Family
$1.20M
Est. $4,851/mo
5295 Joan Court
4bd / 2ba · 1,717 sqft · Single Family
$1.25M
Est. $4,914/mo
4911 Campanile Drive
4bd / 3ba · 1,843 sqft · Single Family
$1.30M
Est. $5,087/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
19 leases of 3–5 bed houses within 1 mi · $4,389–$5,037
Blended 50/50 with the zip's market median ($5,355)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,568/mo short at 20% down; 91% down or +$8,530/mo rent closes it.
- Break-even price
- $494,904
- Break-even rent
- $13,466/mo
- Cashflow at 35% down
- −$5,162/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
63% under asking
$8,530/mo above the estimate
$1,228,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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