4815 Sussex Drive

4815 Sussex Drive

C

San Diego, CA 92116

$2,350,000

Beds

4

Baths

3

Sqft

2,400

Year Built

1928

Days on Market

11

Property Type

Single Family

HOA/mo

N/A

MLS ID

260016116SD

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

About This Property

Experience the timeless charm of a quintessential Spanish home in the heart of North Kensington. This rare single-level home offers approximately 2,400 square feet of thoughtfully updated living space while preserving the architectural character that makes Spanish homes so desirable. From the moment you enter, you'll be captivated by the grand living room featuring a stunning barreled ceiling, oversized window, and elegant French doors that flood the home with natural light. Rich architectural details blend seamlessly with modern updates, creating a warm and inviting atmosphere. The magnificent kitchen serves as the centerpiece of the home, showcasing a large center island, impressive 48-inch range, abundant cabinetry, and a light-filled open layout designed for both everyday living and entertaining. The adjoining living and dining spaces flow effortlessly, creating an ideal setting for gatherings of any size. Privately situated at the rear of the home, the spacious primary retreat offers a true sanctuary complete with a beautifully appointed ensuite bathroom and French doors that open directly to the serene backyard. Step outside to discover multiple outdoor living spaces, including a charming side courtyard highlighted by a tranquil fountain and ample room for al fresco dining and entertaining. Additional features include paid-off solar, numerous system and cosmetic updates, and the undeniable character that only a classic Kensington Spanish home can provide. Ideally located near the Kensington's beloved restaurants, coffee shops, and boutiques!

Mortgage Calculator

Est. Monthly Payment

$14,918

Principal & Interest$11,883
Property Tax$2,350
Insurance$685
%($470,000)
%

Investment Score

0D
Est. Monthly Rent
$3,682
Monthly Cashflow

Rent − PITIA

$-11,236
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,041

Mortgage (P+I)
$11,883
Cap Rate
-1.10%
Cash-on-Cash
-35.85%
DSCR

Need ≥ 1.25 for DSCR loan

0.25
Break-even Rent
$21,917

NOI (Annual)
$-25,898
Price-to-Rent

Lower = better for investors

53.2

* 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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