5228 Augustana Place

5228 Augustana Place

Ctop 80%

San Diego, CA 92115

$1,179,900
NEW — 0d
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.

31 licensed short-term rentals within ½ mile (16 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$4,990/mo full cashflow at 20% down, 7.36% rate.

Works at $526,912 (55% under asking), or at 82% down.

Rent $5,230/mo from 10 leases of 3–5 bed houses within 1 mi ($4,516–$5,165).

Beds

4

Baths

3

Sqft

1,840

Year Built

1976

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2608377

This property is in San Diego (92115). View neighborhood stats →

Virtual Tour

About This Property

Perched along the canyon in coveted El Cerrito Heights, this thoughtfully renovated 4-bedroom, 3-bath home offers panoramic hillside, canyon and sunset views, expansive outdoor living, and a sought-after cul-de-sac setting. The light-filled interior features luxury vinyl plank flooring throughout, custom tile, an open-concept living area, and a kitchen with stainless-steel appliances and a center island. Major updates include new electrical, windows, plumbing, and owned solar, providing added peace of mind. Two generously sized bedrooms are located on the upper level, with two additional bedrooms on the lower level, offering flexible space for guests, a home office, or media room. Step outside to two large rear decks designed for entertaining, relaxing, and taking in the canyon views and evening sunsets. The private, fenced front yard enhances curb appeal, while the oversized rear lot presents excellent potential for future enjoyment. Conveniently located near SDSU, major freeways, shopping, and dining.

Mortgage Calculator

Est. Monthly Payment

$8,034

Principal & Interest$6,510
Property Tax$1,180
Insurance$344
%($235,980)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Hardy 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

18C
Est. Monthly Rent
$5,230

10 leases of 3–5 bed houses within 1 mi · $4,516–$5,165

Blended 50/50 with the zip's market median ($5,472)

Monthly Cashflow

Rent − PITIA

-$2,804
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,990

What would make this work?

$4,990/mo short at 20% down; 82% down or +$6,480/mo rent closes it.

Break-even price

55% under asking

$526,912
Break-even rent

$6,480/mo above the estimate

$11,710/mo
Cashflow at 35% down
−$3,769/mo
Down payment to break even

$967,518 cash

82%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,510
Cap Rate
1.81%
Cash-on-Cash
-25.37%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$21,377
Price-to-Rent

Lower = better for investors

18.8

* Modelled at 20% down, 7.36% 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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CCashflow−$4,990/mo