5388 Redding Road

5388 Redding Road

Btop 30%

San Diego, CA 92115

$999,999
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.

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 →

Virtual Tour

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!

Mortgage Calculator

Est. Monthly Payment

$6,809

Principal & Interest$5,517
Property Tax$1,000
Insurance$292
%($200,000)
%
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.

Renovation math

Flagged Fixer from the listing remarks — “tlc”, “bring your vision”.

Asking now
$1000K

$537/sqft

Worth finished
$1.19M

$641/sqft × 1,861 sqft

Budget to renovate
$193,367

$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

$2.84/sqft × 1,861 sqft, median of 5 comps

Cashflow at that rent
−$3,569/mo

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.

Investment Score

41B
Est. Monthly Rent
$5,213

8 leases of 4-bed houses within 2 mi · $4,519–$5,160

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

Monthly Cashflow

Rent − PITIA

-$1,596
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,629

What would make this work?

$3,629/mo short at 20% down; 73% down or +$4,712/mo rent closes it.

Break-even price

47% under asking

$525,268
Break-even rent

$4,712/mo above the estimate

$9,925/mo
Cashflow at 35% down
−$2,594/mo
Down payment to break even

$729,999 cash

73%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,517
Cap Rate
2.58%
Cash-on-Cash
-21.77%
DSCR

Need ≥ 1.25 for DSCR loan

0.77

NOI (Annual)
$25,792
Price-to-Rent

Lower = better for investors

16.0

* 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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BCashflow−$3,629/mo