5533 Elgin Ave
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5533 Elgin Ave

C

San Diego, CA 92120

$939,000
NEW — 0d

Soft Appraisal Value: $926,600 · 1.3% above estimate

Beds

3

Baths

1.5

Sqft

1,679

Year Built

1957

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260014690SD

This property is in San Diego (92120). View neighborhood stats →

About This Property

Opportunity awaits in Allied Gardens! This 3-bedroom, 1.5-bath home offers 1,679 sq.ft. of living space, including a generous 475 sq. ft. family room. Enjoy a large backyard perfect for gatherings and outdoor entertaining, complete with a large producing avocado tree and a mature orange tree. A rare 74-foot driveway leads to the 400 sq.ft. detached garage, providing ample space for RV, boat, or additional vehicle parking. This home can be comfortably lived in as-is while you update over time, or bring your design ideas and transform this classic property into a modern masterpiece while adding value through renovation. Excellent opportunity for buyers seeking a home with upside potential; property to be sold in its present 'as-is' condition. Opportunity awaits in Allied Gardens! This 3-bedroom, 1.5-bath home offers 1,679 sq.ft. of living space, including a generous 475 sq. ft. family room. Enjoy a large backyard perfect for gatherings and outdoor entertaining, complete with a large producing avocado tree and a mature orange tree. A rare 74-foot driveway leads to the 400 sq.ft. detached garage, providing ample space for RV, boat, or additional vehicle parking. This home can be comfortably lived in as-is while you update over time, or bring your design ideas and transform this classic property into a modern masterpiece while adding value through renovation. Excellent opportunity for buyers seeking a home with upside potential; property to be sold in its present 'as-is' condition.

Mortgage Calculator

Est. Monthly Payment

$5,961

Principal & Interest$4,748
Property Tax$939
Insurance$274
%($187,800)
%

Location

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Investment Score

25D
Est. Monthly Rent
$3,852
Monthly Cashflow

Rent − PITIA

$-2,109
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,778

Mortgage (P+I)
$4,748
Cap Rate
1.24%
Cash-on-Cash
-24.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.65
Break-even Rent
$8,758

NOI (Annual)
$11,646
Price-to-Rent

Lower = better for investors

20.3

* 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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