5388 Redding Road
Btop 30%San Diego, CA 92115
One license per person in San Diego: whether you can hold it depends on you, not only the home.
9 licensed short-term rentals within ½ mile (6 whole home), from the cities' license and permit lists of Nov 13, 2026.
Pass at asking: -$3,629/mo full cashflow at 20% down, 7.36% rate.
Works at $525,268 (47% under asking), or at 73% down.
Rent $5,213/mo from 8 leases of 4-bed houses within 2 mi ($4,519–$5,160).
Beds
4
Baths
2
Sqft
1,861
Year Built
1955
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2608359
This property is in San Diego (92115). View neighborhood stats →
About This Property
Opportunity awaits at 5388 Redding Road! Ideally situated in an established neighborhood, this property offers a fantastic opportunity for a first-time homebuyer, DIY enthusiast, or investor looking to build equity and make a home their own. While the home could use some updating and TLC, several valuable improvements are already in place, including PAID-OFF SOLAR and a newer HVAC system, offering a great head start for its next owner. Bring your vision, creativity, and personal touch to unlock this home's potential. Whether you're looking to customize your first home or take on your next investment project, this is an opportunity you won't want to miss!
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Est. Monthly Payment
$6,809
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.
Renovation math
Flagged Fixer from the listing remarks — “tlc”, “bring your vision”.
- Asking now
- $1000K
- Worth finished
- $1.19M
- Budget to renovate
- $193,367
$537/sqft
$641/sqft × 1,861 sqft
$104/sqft to spend
Comparable finished homes nearby suggest this is worth $1.19M once it's brought to par — about $193,367 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $5,290/mo
- Cashflow at that rent
- −$3,569/mo
$2.84/sqft × 1,861 sqft, median of 5 comps
cap rate 2.65%, DSCR 0.78
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$5,213
Comp Average
$5,033
4565 62nd St
4bd / 3ba · 1,829 sqft · Single Family
$799K
Est. $4,984/mo
4227 College Ave
3bd / 2ba · 1,831 sqft · Single Family
$948K
Est. $4,714/mo
5228 Augustana Place
4bd / 3ba · 1,840 sqft · Single Family
$1.18M
Est. $5,230/mo
4911 Campanile Drive
4bd / 3ba · 1,843 sqft · Single Family
$1.30M
Est. $5,268/mo
5295 Joan Court
4bd / 2ba · 1,717 sqft · Single Family
$1.25M
Est. $4,969/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 4-bed houses within 2 mi · $4,519–$5,160
Blended 50/50 with the zip's market median ($5,472)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,629/mo short at 20% down; 73% down or +$4,712/mo rent closes it.
- Break-even price
- $525,268
- Break-even rent
- $9,925/mo
- Cashflow at 35% down
- −$2,594/mo
- Down payment to break even
- 73%
- Rate to break even
- Not reachable
47% under asking
$4,712/mo above the estimate
$729,999 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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