
4901 34th Street
Ctop 80%San Diego, CA 92116
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$4,948
Comp Average
$4,760
4420 38th St
4bd / 4ba · 1,878 sqft · Single Family
$1.30M
Est. $5,184/mo
5076 Mountain View Dr.
3bd / 2ba · 1,224 sqft · Single Family
$1.27M
Est. $4,380/mo
3646 Copley Ave
3bd / 2ba · 1,675 sqft · Single Family
$1.50M
Est. $4,696/mo
5151 Hastings Road
3bd / 2ba · 1,538 sqft · Single Family
$1.85M
Est. $4,739/mo
4391 Middlesex
3bd / 3ba · 1,841 sqft · Single Family
$1.90M
Est. $4,800/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
24 leases of 3–5 bed houses within 2 mi · $4,536–$5,095
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,935/mo short at 20% down; 92% down or +$9,006/mo rent closes it.
- Break-even price
- $496,019
- Break-even rent
- $13,954/mo
- Cashflow at 35% down
- −$5,478/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$9,006/mo above the estimate
$1,287,080 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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