4920 Elsa Rd
1 / 20

4920 Elsa Rd

Ctop 80%

San Diego, CA 92120

$1,079,000
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.

20 licensed short-term rentals within ½ mile (13 whole home), from the cities' license and permit lists of Nov 7, 2026.

Pass at asking: -$5,215/mo full cashflow at 20% down, 7.43% rate.

Works at $399,973 (63% under asking), or at 90% down.

Rent $3,990/mo from 9 leases of 2–4 bed houses within 1 mi ($4,313–$4,750). Previously leased for $3,395.

Beds

3

Baths

2

Sqft

1,390

Year Built

1956

Days on Market

44

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2607138

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

Recently fully remodeled and designed for modern San Diego living, 4920 Elsa Road brings together thoughtful upgrades, flexible living space, and an incredible indoor outdoor connection on a spacious 7,200 sq ft lot in Del Cerro. This 3 bedroom, 2 bathroom home offers 1,390 sq ft of beautifully updated living space, plus a dedicated office and separate coffee and breakfast area. Step inside to a bright, open kitchen featuring soft close cabinetry and upgraded appliances, while the separate living room creates its own comfortable retreat to relax and unwind. Original wood flooring adds warmth and character throughout the home. One of the standout features is the dining area, where an impressive 10 foot bifold door completely opens the space to the backyard, creating the indoor outdoor lifestyle San Diego is known for. Newly poured concrete provides plenty of room for outdoor dining and entertaining, while the included pergola creates the perfect setting for weekend gatherings, morning coffee, or relaxing outside. The remodel goes well beyond what you can see. Major improvements include a new roof with a transferable 50 year warranty, serviced air conditioning, HALO whole house water filtration system, reverse osmosis drinking water system, soft close cabinetry, and a brand new Samsung washer and dryer. Located in Allied Gardens within San Diego’s desirable Navajo community, just minutes from Del Cerro,you are close to Lake Murray, Mission Trails Regional Park, neighborhood parks, San Diego State University, shopping, dining, and convenient freeway access, giving you a great combination of an established residential community and easy access to everything San Diego has to offer. Beautifully remodeled, thoughtfully designed, and truly move in ready, 4920 Elsa Road offers the space, upgrades, location, and indoor outdoor living that are hard to find all in one home. Come experience it for yourself.

Mortgage Calculator

Est. Monthly Payment

$7,388

Principal & Interest$5,994
Property Tax$1,079
Insurance$315
%($215,800)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Foster Elementary · grades K-5 · San Diego Unified

  • Middle

    Lewis Middle · grades 6-8 · San Diego Unified

  • High

    Henry 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

11C
Est. Monthly Rent
$3,990

Previously leased for $3,395

9 leases of 2–4 bed houses within 1 mi · $4,313–$4,750

Monthly Cashflow

Rent − PITIA

-$3,398
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,215

What would make this work?

$5,215/mo short at 20% down; 90% down or +$6,773/mo rent closes it.

Break-even price

63% under asking

$399,973
Break-even rent

$6,773/mo above the estimate

$10,763/mo
Cashflow at 35% down
−$4,091/mo
Down payment to break even

$971,100 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,994
Cap Rate
1.09%
Cash-on-Cash
-29.00%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$11,744
Price-to-Rent

Lower = better for investors

22.5

* 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.

Open Full Calculator
CCashflow−$5,215/mo