4917 Rockford Dr, San Diego, California 92115, San Diego, - bed, bath
ACTIVE$1,835,000
4917 Rockford Dr, San Diego, California 92115
8Beds
4Baths
2,442Sqft
Lot
Year Built
1947
Close
-
List price
$1.83M
Original List price
$1.83M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250036162SD
Home ConditionGood
Features
Pool
Patio
View-
About this home
Prime SDSU Cashflow property. Leased to 7/20/2027 at $13,000/mo. Main house 5Br/3ba and ADU 3br/1ba. Two units leased to one group on one lease. Expert property management company available to manage.
Price History
Date
Event
Price
08/13/25
Listing
$1,835,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (139 Listings) | |
|---|---|---|---|
| Beds | 8 | 3 | 97% |
| Baths | 4 | 2 | 91% |
| Square foot | 2,442 | 1,401 | 91% |
| Lot Size | 0 | 7,429 | |
| Price | $1.83M | $928K | 96% |
| Price per square foot | $751 | $687.5 | 59% |
| Built year | 1947 | 9755976 | 29% |
| HOA | |||
| Days on market | 84 | 146 | 17% |
Condition Rating
Good
The property, built in 1947, has undergone significant and relatively recent renovations, particularly with the addition or conversion of the ADU which features modern white cabinetry and stainless steel appliances. The main house kitchen also boasts stainless steel appliances, granite countertops, and recessed lighting, though the cabinet style is slightly less contemporary. Flooring throughout is a mix of well-maintained hardwood and modern wood-look laminate. While some elements, like a visible bathroom tile in the main house, suggest not every component is brand new, the overall condition is move-in ready with no immediate renovations required, aligning with a property extensively renovated within the last 5-15 years. The high rental income also indicates a well-maintained and functional property.
Pros & Cons
Pros
Exceptional Cash Flow: The property is currently leased at $13,000 per month, providing immediate and substantial cash flow for an investor.
Prime University Location: Positioned as a 'Prime SDSU Cashflow property,' its proximity to San Diego State University ensures strong and consistent rental demand from students.
Dual Income Units: Comprising a main house (5Br/3Ba) and an ADU (3Br/1Ba), the property offers multiple rental units, maximizing income potential and occupancy.
Guaranteed Long-Term Income: A lease is already secured until July 20, 2027, offering income stability and predictability for several years.
Turnkey Investment with Management: The availability of an expert property management company simplifies ownership, making it an attractive, hands-off investment opportunity.
Cons
Property Age: Built in 1947, the property is older, which may imply a higher likelihood of needing maintenance, system upgrades, or potential deferred repairs.
Single Lease for Multiple Units: Both units are leased to one group on a single lease, which could present a higher risk if the group defaults or if issues arise with individual tenants within the group, and limits flexibility for future separate rentals.
Potential for High Wear and Tear: As a dedicated student rental property, it may experience higher wear and tear compared to other residential types, potentially leading to increased maintenance costs over time.