5861 College Avenue

5861 College Avenue

D

San Diego, CA 92120

$1,150,000

Beds

3

Baths

2

Sqft

1,875

Year Built

1958

Days on Market

12

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2601240

Description

Opportunity meets location in this rare College Area property just minutes — and even walking distance — to SDSU. Situated on an expansive 0.68+ acre lot and zoned RS-1-7, this property offers incredible flexibility for those looking to create long-term income, explore future development potential, or build a true multi-generational compound in one of San Diego’s most sought-after university-adjacent neighborhoods. As you enter the home, you’re welcomed by a striking mid-century modern fireplace that anchors the living space with timeless character and warmth. Natural light fills the interior, blending classic architectural charm with everyday comfort. The fully owned solar system adds immediate value and efficiency, helping reduce operating costs while supporting sustainable living. Large parcels like this are rarely available near SDSU, making it an exceptional opportunity for homeowners, investors, or visionaries looking to maximize the potential of a prime location. Whether you envision expanding, adding additional living spaces, or simply enjoying the generous lot size and proximity to shopping, dining, freeways, and campus life — this is a property with both presence and possibility.

Mortgage Calculator

Est. Monthly Payment

$7,300

Principal & Interest$5,815
Property Tax$1,150
Insurance$335
%($230,000)
%

Investment Score

6D
Est. Monthly Rent

Market Rent Estimate

$4,589
Monthly Cashflow

Rent − PITI − HOA

$-2,711
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,725

Mortgage (P+I)
$5,815
Cap Rate
1.14%
Cash-on-Cash
-14.14%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$7,300

NOI (Annual)
$13,082
Price-to-Rent

Lower = better for investors

20.9

* Defaults: 20% down, 6.5% rate, 30yr.

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