4801 Academy
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4801 Academy

Dbottom 20%

San Diego, CA 92109

$3,649,999
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.

137 licensed short-term rentals within ½ mile (95 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$20,064/mo full cashflow at 20% down, 7.43% rate.

Works at $1,037,590 (72% under asking), or at all cash.

Rent $10,350/mo from 33 leases of 4–6 bed houses within 2 mi ($9,214–$14,005).

Beds

5

Baths

5.5

Sqft

2,923

Year Built

2026

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608825

This property is in San Diego (92109). View neighborhood stats →

Virtual Tour

About This Property

RARE, BRAND NEW construction in North Pacific Beach where the quality is obvious the moment you walk in. Wire brushed white oak flooring, Taj Mahal quartzite counters, European cabinetry with Blum hardware and grain matched white oak drawers, and Kohler fixtures. Every material here was chosen for how it performs and ages, not just how it photographs. This is new construction built to a standard most new construction doesn't bother with. Set on a corner lot with TWO detached ADUs, solar, an attached two car garage, and true LOCK AND LEAVE living. The 3 bedroom, 3.5 bath main residence spans three levels: an entry level bedroom and bath, open concept living on the main level, and an upper level primary suite with its own private balcony plus a second bedroom with a private bath. Multiple outdoor spaces to catch the coastal breeze, and multi room audio is built into the main living areas. Sound insulation between levels was upgraded throughout construction, so the home feels quiet and solid floor to floor, whether that's guests one level up, family staying in an ADU, or a future tenant next door. Two detached ADUs add real flexibility for a home office, a gym, space for guests, or rental income. Low maintenance exterior, moments from Kate Sessions Park, La Jolla, the beach, and North PB's best dining and shopping. A rare offering: three separate, fully finished living spaces, built right, in San Diego’s most desirable coastal neighborhood.

Mortgage Calculator

Est. Monthly Payment

$24,992

Principal & Interest$20,277
Property Tax$3,650
Insurance$1,065
%($730,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sessions Elementary · grades K-5 · San Diego Unified

  • Middle

    Pacific Beach Middle · grades 6-8 · San Diego Unified

  • High

    Mission Bay 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

2D
Est. Monthly Rent
$10,350

33 leases of 4–6 bed houses within 2 mi · $9,214–$14,005

Monthly Cashflow

Rent − PITIA

-$14,642
Full Cashflow

Incl. vacancy, PM, maint, capex

-$20,064

What would make this work?

$20,064/mo short at 20% down; 100% down or +$26,058/mo rent closes it.

Break-even price

72% under asking

$1,037,590
Break-even rent

$26,058/mo above the estimate

$36,408/mo
Cashflow at 35% down
−$16,262/mo
Down payment to break even

$3,649,999 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$20,277
Cap Rate
0.24%
Cash-on-Cash
-32.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.41

NOI (Annual)
$8,764
Price-to-Rent

Lower = better for investors

29.4

* 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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DCashflow−$20,064/mo