
4920 Elsa Rd
Ctop 80%San Diego, CA 92120
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 →
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
Location
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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.
Comparable Properties
5 comps foundThis Property
$3,990
Comp Average
$4,394
7118 Conestoga
3bd / 2ba · 1,402 sqft · Single Family
$999K
Est. $4,441/mo
7245 Decanture Cove
3bd / 2ba · 1,304 sqft · Single Family
$975K
Est. $4,268/mo
4625 Glacier Avenue
3bd / 2ba · 1,363 sqft · Single Family
$1.06M
Est. $4,493/mo
6742 Greenbrier Court
3bd / 2ba · 1,297 sqft · Single Family
$1.10M
Est. $4,283/mo
7225 Laura Ct
4bd / 2ba · 1,369 sqft · Single Family
$1.14M
Est. $4,484/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Previously leased for $3,395
9 leases of 2–4 bed houses within 1 mi · $4,313–$4,750
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,215/mo short at 20% down; 90% down or +$6,773/mo rent closes it.
- Break-even price
- $399,973
- Break-even rent
- $10,763/mo
- Cashflow at 35% down
- −$4,091/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
63% under asking
$6,773/mo above the estimate
$971,100 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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