4745 Terrace Drive
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4745 Terrace Drive

D

San Diego, CA 92116

$1,599,000
NEW — 2d

Beds

2

Baths

2.5

Sqft

1,612

Year Built

1924

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260011077SD

This property is in San Diego (92116). View neighborhood stats →

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About This Property

Tucked behind lush mature landscaping on a sprawling 5,997 SF lot in the heart of north Kensington, this 1924 Spanish retreat feels like a private escape just moments from the energy of Adams Avenue. Timeless architecture and rich character are felt the moment you arrive, where mature greenery, charming details, and a sense of seclusion create an atmosphere rarely found in such a walkable location. Inside, the main home beautifully preserves its original soul with hardwood floors, a dramatic coved ceiling in the living room, original built-ins, and a stunning fireplace that anchors the space with warmth and character. Natural light pours through the home, highlighting the craftsmanship and creating an inviting flow throughout the main living spaces. The updated kitchen blends seamlessly with the home’s historic charm while opening directly into an expansive family room complete with a wet bar—designed for effortless entertaining and everyday living alike. Large windows and doors frame views of the backyard oasis, creating a true indoor-outdoor connection. The backyard is nothing short of magical. Surrounded by mature tropical landscaping for exceptional privacy, the resort-style pool area offers the perfect setting for quiet mornings, weekend gatherings, and warm San Diego evenings under the stars. In addition to the main residence, the property also features a detached casita with a full bathroom that can become whatever you dream of—guest quarters, a home office, gym, artist studio, yoga retreat, or creative space. Steps away from Adams Avenue!

Mortgage Calculator

Est. Monthly Payment

$10,151

Principal & Interest$8,085
Property Tax$1,599
Insurance$466
%($319,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,534
Monthly Cashflow

Rent − PITIA

$-6,616
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,762

Mortgage (P+I)
$8,085
Cap Rate
-0.51%
Cash-on-Cash
-32.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.35
Break-even Rent
$14,913

NOI (Annual)
$-8,116
Price-to-Rent

Lower = better for investors

37.7

* 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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