4924 Iroquois Avenue

4924 Iroquois Avenue

D

San Diego, CA 92117

$2,595,000

Beds

Baths

Sqft

3,636

Year Built

1953

Days on Market

53

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2601359

Description

Wonderful 4-unit property in the Bay Park area. All 4 units are turnkey and fully occupied. Property consists of 3 -2 bed/1 bath homes and 1 - 1 bed/1 bath home. All have private yards and all renovated in 2022. All kitchen and baths come with quartz counter tops, stainless steel appliances, LVP flooring throughout. All 4 come with their own in unit washer & dryers. All 4 units are individually metered for Gas & Electric. Front building consists of 2 matching units (2 bed/1 bath) and the middle unit is a converted garage to the 1 bed/1 bath unit. The back building was added a few years ago with a downstairs garage with two separate 1 car garages and upstairs is a 2 bed/1 bath unit with a panoramic view of Mission Bay and the ocean. The tenants in the upstairs unit get the use of one of the 1 car garages and one unit in the front gets the use of the other 1 car garage and driveway. One water bill for the property. All tenants pay an additional $45 per month for water bill which averages about $400 every other month.

Mortgage Calculator

Est. Monthly Payment

$16,474

Principal & Interest$13,122
Property Tax$2,595
Insurance$757
%($519,000)
%

Investment Score

0D
Est. Monthly Rent
$4,376
Monthly Cashflow

Rent − PITIA

$-12,098
Full Cashflow

Incl. vacancy, PM, maint, capex

$-15,267

Mortgage (P+I)
$13,122
Cap Rate
-0.99%
Cash-on-Cash
-35.30%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$24,203

NOI (Annual)
$-25,740
Price-to-Rent

Lower = better for investors

49.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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