4841 Academy St
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4841 Academy St

Ctop 80%

San Diego, CA 92109

$2,799,000
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.

125 licensed short-term rentals within ½ mile (85 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$14,302/mo full cashflow at 20% down, 7.36% rate.

Works at $927,429 (67% under asking), or at 95% down.

Rent $9,205/mo from 8 leases of 3–5 bed houses within 0.5 mi ($8,983–$10,668).

Beds

4

Baths

3.5

Sqft

2,929

Year Built

2026

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023629SD

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

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About This Property

New construction in North Pacific Beach with outdoor space at every level: a grassy front yard, a spacious patio off the living area with ceiling-mounted heaters bringing comfort to chilly fall evenings, and a large rooftop deck with room for lounge seating, a fire pit, and a hot tub or cold plunge. Expansive glass connects the main living space to the patio, while the rooftop offers views toward Mission Bay, the ocean, and the downtown skyline. Inside, modern architecture and elevated finishes complement four bedrooms and open living areas. Owned solar adds value to this all-electric home, conveniently located near beaches, dining, and shopping. New construction in North Pacific Beach with modern architecture, elevated finishes, and outdoor living spaces that give you options throughout the day. The grassy front yard adds a welcoming touch, while a spacious patio opens directly from the main living area. Ceiling-mounted heaters make the patio comfortable for dining or gathering outside on cooler evenings. Upstairs, the large rooftop deck offers another place to entertain or unwind, with plenty of room for lounge seating, a fire pit, and a hot tub. From the roof, enjoy views toward Mission Bay, the ocean, and the downtown skyline. Inside, expansive glass brings natural light into the open living spaces and creates an easy connection to the outdoors. The home offers four bedrooms, three full baths, a powder room, a two-car attached garage, and owned solar. Beaches, bays, dining, and shopping are all close by, making it easy to enjoy the best of Pacific Beach from home.

Mortgage Calculator

Est. Monthly Payment

$19,058

Principal & Interest$15,443
Property Tax$2,799
Insurance$816
%($559,800)
%
Loan Term

Location

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Investment Score

7C
Est. Monthly Rent
$9,205

8 leases of 3–5 bed houses within 0.5 mi · $8,983–$10,668

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$9,853
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,302

What would make this work?

$14,302/mo short at 20% down; 95% down or +$18,574/mo rent closes it.

Break-even price

67% under asking

$927,429
Break-even rent

$18,574/mo above the estimate

$27,779/mo
Cashflow at 35% down
−$11,407/mo
Down payment to break even

$2,659,050 cash

95%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$15,443
Cap Rate
0.69%
Cash-on-Cash
-30.66%
DSCR

Need ≥ 1.25 for DSCR loan

0.48

NOI (Annual)
$19,207
Price-to-Rent

Lower = better for investors

25.3

* Modelled at 20% down, 7.36% 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−$14,302/mo