4866 Sussex
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4866 Sussex

Dbottom 20%

San Diego, CA 92116

$1,999,990
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.

47 licensed short-term rentals within ½ mile (23 whole home), from the cities' license and permit lists of Nov 14, 2026.

Pass at asking: -$11,077/mo full cashflow at 20% down, 7.36% rate.

Works at $550,472 (72% under asking); even all cash loses money at asking.

Rent $5,464/mo from 9 leases of 2–4 bed houses within 1 mi ($5,592–$6,186).

Beds

3

Baths

2.5

Sqft

2,268

Year Built

1930

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023691SD

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

Virtual Tour

About This Property

**PRICE IMPROVEMENT!**Experience this beautifully remodeled 2,268 sq ft Spanish-style home, ideally situated on a spacious canyon lot in the highly sought-after neighborhood of Kensington. Blending classic 1930s charm with thoughtful modern updates, this light-filled residence showcases timeless picture windows, wide-plank flooring, recessed lighting, and a soft, neutral palette throughout. The inviting galley-style kitchen offers abundant cabinetry and counter space, accented by a sleek glass tile backsplash and refined finishes. The serene primary suite serves as a true retreat, complete with a spa-inspired bathroom featuring a stunning tiled shower and contemporary details. Downstairs, a versatile bonus space provides endless possibilities—perfect for a family or game room, home office, gym, or guest quarters. Step outside to a covered patio ideal for entertaining, while the canyon setting adds a sense of privacy and lush natural beauty. Plus owned solar! Located in one of San Diego’s most desirable communities, Kensington offers charming local shops, dining, parks, and convenient freeway access. This exceptional home is a rare opportunity you won’t want to miss.

Mortgage Calculator

Est. Monthly Payment

$13,618

Principal & Interest$11,034
Property Tax$2,000
Insurance$583
%($399,998)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Franklin Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

    or Wilson Middle · grades 6-8 · San Diego Unified

    Choice area: the district lets families here pick either school.

  • High

    Henry High · grades 9-12 · San Diego Unified

    or Hoover High · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

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

1D
Est. Monthly Rent
$5,464

9 leases of 2–4 bed houses within 1 mi · $5,592–$6,186

Blended 50/50 with the zip's market median ($4,907)

Monthly Cashflow

Rent − PITIA

-$8,153
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,077

What would make this work?

$11,077/mo short at 20% down; +$14,385/mo rent closes it.

Break-even price

72% under asking

$550,472
Break-even rent

$14,385/mo above the estimate

$19,849/mo
Cashflow at 35% down
−$9,008/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$11,034
Cap Rate
0.14%
Cash-on-Cash
-33.23%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$2,770
Price-to-Rent

Lower = better for investors

30.5

* 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.

Open Full Calculator
DCashflow−$11,077/mo