4918 Westminster Terrace

4918 Westminster Terrace

Dbottom 20%

San Diego, CA 92116

$2,395,000
NEW — 0d

Pass at asking: -$14,458/mo full cashflow at 20% down, 7.49% rate.

Works at $520,584 (78% under asking); even all cash loses money at asking.

Rent $5,215/mo from 17 leases of 3–5 bed houses within 2 mi ($4,518–$5,484).

Beds

4

Baths

2.5

Sqft

2,081

Year Built

1933

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026215SD

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

Virtual Tour

About This Property

Situated on one of North Kensington's most idyllic streets, this extraordinary single-level Spanish home, originally built in 1933, seamlessly combines historic architectural charm with exceptional modern design. Completely transformed in 2021, the home showcases designer finishes, impeccable craftsmanship, and an incredible floor plan designed for effortless everyday living and entertaining. A picturesque arched entryway framed by lush bougainvillea, mature landscaping, and wrought iron gates welcomes you into a private courtyard with beautiful Saltillo tile and inviting outdoor spaces. Inside, the stunning open-concept kitchen features custom cabinetry, an oversized center island, quartz countertops, premium appliances, and warm natural wood accents. The kitchen flows beautifully into the spacious dining and living areas, where exposed ceiling beams, a striking fireplace, and abundant natural light create an inviting atmosphere. The primary suite offers a peaceful retreat with impressive 12-ft ceilings in both the bedroom and ensuite bathroom, creating an exceptional sense of space and openness. The beautifully appointed ensuite features custom wood cabinetry, designer tile, and sophisticated finishes. Additional highlights include thoughtfully remodeled bathrooms, a generous walk-in closet, paid-off solar, a detached garage, and multiple outdoor areas ideal for enjoying San Diego's year-round sunshine. Just moments from the shops, restaurants, and neighborhood favorites along Adams Avenue, this is a rare opportunity to own a beautifully reimagined Spanish in Kensington!

Mortgage Calculator

Est. Monthly Payment

$16,477

Principal & Interest$13,384
Property Tax$2,395
Insurance$699
%($479,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$5,215

17 leases of 3–5 bed houses within 2 mi · $4,518–$5,484

Monthly Cashflow

Rent − PITIA

-$11,263
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,458

What would make this work?

$14,458/mo short at 20% down; +$18,777/mo rent closes it.

Break-even price

78% under asking

$520,584
Break-even rent

$18,777/mo above the estimate

$23,992/mo
Cashflow at 35% down
−$11,949/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)
$13,384
Cap Rate
-0.41%
Cash-on-Cash
-36.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$9,762
Price-to-Rent

Lower = better for investors

38.3

* Modelled at 20% down, 7.49% 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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DCashflow−$14,458/mo