4739 Redland Drive
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4739 Redland Drive

Ctop 80%

San Diego, CA 92115

$1,350,000
NEW — 1d
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.

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 →

Virtual Tour

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.

Mortgage Calculator

Est. Monthly Payment

$9,244

Principal & Interest$7,500
Property Tax$1,350
Insurance$394
%($270,000)
%
Loan Term

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.

Investment Score

10C
Est. Monthly Rent
$4,936

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)

Monthly Cashflow

Rent − PITIA

-$4,308
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,568

What would make this work?

$6,568/mo short at 20% down; 91% down or +$8,530/mo rent closes it.

Break-even price

63% under asking

$494,904
Break-even rent

$8,530/mo above the estimate

$13,466/mo
Cashflow at 35% down
−$5,162/mo
Down payment to break even

$1,228,500 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,500
Cap Rate
1.05%
Cash-on-Cash
-29.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$14,142
Price-to-Rent

Lower = better for investors

22.8

* 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−$6,568/mo