4901 34th Street
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4901 34th Street

Ctop 80%

San Diego, CA 92116

$1,399,000
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.

71 licensed short-term rentals within ½ mile (41 whole home), from the cities' license and permit lists of Nov 9, 2026.

Pass at asking: -$6,935/mo full cashflow at 20% down, 7.43% rate.

Works at $496,019 (65% under asking), or at 92% down.

Rent $4,948/mo from 24 leases of 3–5 bed houses within 2 mi ($4,536–$5,095).

Beds

4

Baths

3

Sqft

1,602

Year Built

1938

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023415SD

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

Virtual Tour

About This Property

Located on a desirable corner lot in North Normal Heights, this property offers a rare combination of a charming detached home and a newly built one-bedroom ADU. The main home features 3 bedrooms, 2 bathrooms and nearly 1,200 SF of inviting living space. A formal living room is filled with natural light from large windows, while the dining room features charming built-ins and flows into the kitchen through a peninsula island. The kitchen is equipped with stainless steel appliances and plenty of space for everyday living and entertaining. The primary bedroom is privately positioned at the rear of the home and features an ensuite bathroom and walk-in closet. Outside, the newly built one-bedroom ADU provides an excellent opportunity for rental income, extended family, guests or a private home office. Both residences have their own washer and dryer, and the property also features a two-car garage, an EV charger and leased solar. Live in one and rent out the other, create a multigenerational living setup, or take advantage of the flexibility of two separate residences on one property. The corner lot setting provides additional privacy and a more open feel, while the detached layout allows each unit to maintain its own sense of space. All of this in an incredible Normal Heights location close to neighborhood restaurants, coffee shops, shopping, parks and easy access to everything that makes central San Diego such a desirable place to call home.

Mortgage Calculator

Est. Monthly Payment

$9,579

Principal & Interest$7,772
Property Tax$1,399
Insurance$408
%($279,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Adams Elementary · grades K-5 · San Diego Unified

  • Middle

    Wilson Middle · grades 6-8 · San Diego Unified

  • High

    Hoover 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

9C
Est. Monthly Rent
$4,948

24 leases of 3–5 bed houses within 2 mi · $4,536–$5,095

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$4,631
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,935

What would make this work?

$6,935/mo short at 20% down; 92% down or +$9,006/mo rent closes it.

Break-even price

65% under asking

$496,019
Break-even rent

$9,006/mo above the estimate

$13,954/mo
Cashflow at 35% down
−$5,478/mo
Down payment to break even

$1,287,080 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,772
Cap Rate
0.93%
Cash-on-Cash
-29.74%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$13,014
Price-to-Rent

Lower = better for investors

23.6

* 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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CCashflow−$6,935/mo