5545 Red River Drive
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5545 Red River Drive

D

San Diego, CA 92120

$1,395,000
NEW — 0d on market

Beds

4

Baths

3

Sqft

2,347

Year Built

1967

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008174SD

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

About This Property

Welcome to this beautifully upgraded two-story home offering 4 bedrooms, 3 bathrooms, and a versatile bonus room, perfectly designed for comfortable living and entertaining. Enter through a private gated courtyard into a bright and inviting living room, where a gas-burning fireplace is highlighted by striking artwork set on a natural stone slab. The open-concept layout seamlessly connects the living spaces, including a dining area that flows into the kitchen, all enhanced by abundant natural light from large windows, a skylight, and mostly dual-pane vinyl windows and sliders. The kitchen is both functional and stylish, featuring custom cabinetry, granite countertops, a breakfast bar, a garden window overlooking the courtyard, and an above-range microwave and access to the large 2-car garage. This home offers two spacious primary suites, one upstairs and one downstairs—providing flexibility. The upstairs primary suite features built-in cabinets, serene canyon views, and a private bathroom with a glass-enclosed tub/shower, linen closet, and walk-in closet. Just off this suite is a bonus room with a large closet - ideal for a home office, gym, media room, or whatever suits your lifestyle. The downstairs primary suite features mirrored closet doors, a private bathroom with a shower and vanity area with built-in cabinetry. One of the standout features of the home is the expansive 22x18 family room, accessed through an oversized archway that flows from the kitchen/dining area. This space includes built-in cabinetry, under-stair storage, and large windows. See Supplement Plus a sliding door which provide beautiful canyon views from inside the home as well leading to the backyard—creating a perfect indoor-outdoor flow. Step outside to a tranquil backyard retreat overlooking a picturesque canyon—an ideal setting for relaxing, gardening or entertaining friends and family. The outdoor space features a lighted covered, paved patio, paved side yard with raised landscaping beds, a low-maintenance grassy area, a lower terraced garden area and bank that backs directly to the canyon. Being located on the level downhill end of Red River Drive provides the home unobstructed canyon views which make you forget that you are in a suburban neighborhood. In the canyon behind the property, you can access the city-managed Rancho Mission Canyon Trail system and in less than half a mile arrive at Rancho Mission Canyon Park (called Margerum Park by the neighborhood. The park features a recently updated playground, softball backstop and a huge grassy field where many local soccer and lacrosse teams hold practices. This home offers both convenience and natural beauty with easy access to neighborhood schools and parks, grocery stores, restaurants, and popular hiking trails such as Mission Trails Regional Park and Cowles Mountain. This home is centrally located with quick access to the 8 & 15 freeways. The San Diego Zoo & Balboa Park, downtown San Diego & Petco Park, and Ocean & Mission Beaches are all within 10-13 miles! This home has been family-owned and loved for over 50 years and is ready for your story!

Mortgage Calculator

Est. Monthly Payment

$8,856

Principal & Interest$7,054
Property Tax$1,395
Insurance$407
%($279,000)
%

Location

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Investment Score

1D
Est. Monthly Rent
$4,261
Monthly Cashflow

Rent − PITIA

$-4,595
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,737

Mortgage (P+I)
$7,054
Cap Rate
0.27%
Cash-on-Cash
-28.98%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$13,011

NOI (Annual)
$3,798
Price-to-Rent

Lower = better for investors

27.3

* 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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