Residential Income Property with Covered
For Sale
$369,900
4898 1/2 Old Cliffs Rd, San Diego, CA 92120
A three-bedroom home in a 55+ community with shared recreation and gathering amenities.
Property Size1,325 SF
Price / SF$279.17
Days on Market17
Property Features for 4898 1/2 Old Cliffs Rd
General Information
Standard status
Active
Size
1,325 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
heated pool & spa
clubhouse with kitchen
billiards
library
planned activities
covered front porch
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty-SDNI
(858) 668-2804
Listed By:
Dan Thompson
(858) 229-9521
Source:
Kaleorealestate
Added: Sep 28
Changed: Oct 11
Last Checked: Oct 12 at 7:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-SDNI
Investment Insights
Based on property information with market context.
This newly built Clayton home has 3 bedrooms, 2 bathrooms, and 1,325 square feet. High ceilings and an island kitchen shape the interior, while a covered front porch adds outdoor space. The home occupies a hillside lot within The Cliffs, a 55+ community in San Diego.
Community amenities include a heated pool and spa, a clubhouse with a kitchen, billiards, a library, and planned activities. The property is located at 4898 1/2 Old Cliffs Rd.
Community amenities include a heated pool and spa, a clubhouse with a kitchen, billiards, a library, and planned activities. The property is located at 4898 1/2 Old Cliffs Rd.
Key Highlights
- 3 bedrooms and 2 bathrooms in 1,325 square feet
- Newly built Clayton home with high ceilings and an island kitchen
- Covered front porch and hillside lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,900
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,000
$438.0K
Cap Rate 7%
$312,857
$312.9K
Cap Rate 9%
$243,333
$243.3K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$42.1K $31.80/SF
− Vacancy
−$2.3K −$1.75/SF
EGI
$39.8K $30.05/SF
− OpEx
−$17.9K −$13.52/SF
NOI
$21.9K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,000
Cap Rate 7%
$312,857
Cap Rate 9%
$243,333
Alternative Uses
Best Use
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,900 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$523.3K
$457.9K – $610.6K
NOI $36,634 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 92120, CA
30,768
Population
13,253
Households
2.3
Avg Household Size
40
Median Age
57%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
3,996
Density / Sq Mi
$114,579
Median Household Income
$61,123
Median Earnings
$2,416
Median Rent
$870,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom home in a 55+ community with shared recreation and gathering amenities.
Where is this residential income property located?
The property is located at 4898 1/2 Old Cliffs Rd San Diego, CA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 3 bedrooms and 2 bathrooms in 1,325 square feet; Newly built Clayton home with high ceilings and an island kitchen; Covered front porch and hillside lot
