5861 College Avenue

5861 College Avenue

D

San Diego, CA 92120

$1,299,900

Soft Appraisal Value: $1,298,700 · 0.1% above estimate

Beds

3

Baths

2

Sqft

1,875

Year Built

1958

Days on Market

9

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2602168

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

$8,252

Principal & Interest$6,573
Property Tax$1,300
Insurance$379
%($259,980)
%

Investment Score

2D
Est. Monthly Rent
$4,715
Monthly Cashflow

Rent − PITI − HOA

$-3,537
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,705

Mortgage (P+I)
$6,573
Cap Rate
0.80%
Cash-on-Cash
-26.33%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.57
Break-even Rent
$12,124

NOI (Annual)
$10,421
Price-to-Rent

Lower = better for investors

23.0

* 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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