4811 Alder Drive

4811 Alder Drive

D

San Diego, CA 92116

$2,495,000

Beds

5

Baths

4

Sqft

3,222

Year Built

1943

Days on Market

48

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2600420

Description

Designed for those seeking space, flexibility, and classic Kensington charm, 4811 E Alder Drive is a beautifully renovated single-family home set on an expansive ½-acre lot in one of San Diego’s most sought-after neighborhoods. This 3,222 sq ft residence offers rare privacy, no HOA, and a highly adaptable layout ideal for modern living. The home features four bedrooms plus a bonus fifth bedroom suite with a private entrance, creating an ADU-style setup perfect for extended family, visiting guests, or income potential. Thoughtfully designed for both everyday living and entertaining, the property includes a private heated pool, multiple indoor and outdoor gathering areas, and modern upgrades throughout. The main living spaces flow effortlessly, while the lower level offers an impressive entertainment area and dedicated wine room. A private lower-level suite includes a spacious bedroom, full bathroom, kitchenette, and separate exterior entrance, ideal for multi-generational living or extended stays. A sunroom-style bonus space beneath the home adds flexibility for a gym, studio, or private retreat. Located in a walkable Kensington neighborhood, this move-in-ready home is close to schools, parks, dining, shopping, and convenient transportation routes. With its generous lot size, modern renovations, and versatile living options, this property delivers a rare blend of space, comfort, and timeless neighborhood appeal in the heart of San Diego.

Mortgage Calculator

Est. Monthly Payment

$15,839

Principal & Interest$12,616
Property Tax$2,495
Insurance$728
%($499,000)
%

Investment Score

1D
Est. Monthly Rent

Market Rent Estimate

$7,854
Monthly Cashflow

Rent − PITI − HOA

$-7,985
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,871

Mortgage (P+I)
$12,616
Cap Rate
0.36%
Cash-on-Cash
-19.20%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$15,839

NOI (Annual)
$8,945
Price-to-Rent

Lower = better for investors

26.5

* Defaults: 20% down, 6.5% rate, 30yr.

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