ActiveResidential · sale

4811 E Alder Drive

San Diego, CA 92116

$2,439,000

  • 5 beds
  • 4 baths
  • 3,222 sq ft
  • 0.57 acres
  • Built 1943

Listed by Compass · MLS #NDP2602637

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1943.

Garage parking

2 garage spaces listed.

Property size

0.57 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

This 5bedroom 4bathroom singlefamily home at 4811 E Alder Dr offers 3222 sq ft of beautifully renovated living space on a private 057acre canyon view lot in Kensington San Diego CA 92116 with no HOA an attached 2car garage driveway parking for four total vehicles and one of the most adaptable and incomeflexible floor plans available in this zip code at this price tier Originally built in 1943 and extensively renovated throughout the home delivers the timeless architectural character that defines Kensington while meeting every demand of modern California living from openconcept mainlevel entertaining to a fully selfsufficient lowerlevel incomeproducing ADUstyle suite with a private exterior entrance Step inside the grand foyer and you are immediately welcomed by beamed ceilings rich hardwood floors and a woodburning fireplace anchoring a sundrenched living room measuring 25 by 16 feet the kind of gracious entry that sets this Kensington San Diego home apart from anything in the 92116 market at a comparable price The renovated chefs kitchen features a professional 6burner gas range premium stainless appliances a breakfast bar and an open layout connecting directly to a formal dining room designed equally for quiet weeknight dinners and largescale entertaining Three bedrooms occupy the main level including an oversized primary suite measuring 375 square feet with a private ensuite bathroom a rare footprint in this neighborhood Step outside from the main living areas and you will find a resortcaliber backyard anchored by a gasheated inground pool multiple outdoor gathering areas shaded by mature trees and sweeping canyon views that carry across the tree line the kind of San Diego indooroutdoor living that buyers from Los Angeles the Bay Area and Seattle consistently name as the single feature that finalizes their relocation decision The fully fenced 057acre lot provides rare privacy no neighboring structure is visible from the pool deck or canyonview terrace making this backyard a genuinely private retreat within one of San Diegos most walkable and culturally vibrant urban neighborhoods The lower level delivers versatility in every direction a spacious family entertainment room a wine room with custom racking and a sunlit bonus sunroom equally suited as a home gym art studio yoga space or private office for the remoteworking buyer relocating from a highercost metro Most significantly the lower level houses a fully private incomeproducing ADUstyle suite with its own spacious bedroom full bathroom kitchenette and dedicated separate exterior entrance a selfsufficient unit ready to generate rental income to offset carrying costs host extended family with complete privacy or operate as a shortterm rental in the heart of 92116 For buyers relocating to San Diego from Los Angeles the Bay Area Seattle or major East Coast metros 4811 E Alder Dr represents a combination genuinely difficult to replicate at this price point a renovated 1943 character home with full modern upgrades no HOA estatescale lot ADU income flexibility canyon views a heated pool a wine room and immediate walkable access to the independent restaurants wine bars and coffee culture of Adams Avenue the commercial corridor that has made Kensington one of San Diegos most consistently indemand zip codes The property is zoned for Franklin Elementary School Lewis Middle School and Patrick Henry High School all within San Diego Unified School District and within 06 miles of the front door Private showings available by appointment Visit httpsthewrightgroupsdcomproperties4811ealderdrivesandiegoca92116ndp2602637 for the full video tour Matterport 3D walkthrough and architectural floor plans

THE NEIGHBORHOOD

Explore the location.

4811 E Alder Drive, San Diego, CA 92116

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1943
Full baths
4
Garage spaces
2
Cooling
CentralAir,Dual
Heating
Electric
Appliances
SixBurnerStove,Dishwasher,Freezer,GasCooking,GasCooktop,Disposal,WaterHeater
Flooring
Carpet,Tile,Wood
Pool
Yes
Pool features
GasHeat,Heated,InGround,Private
Spa
No
Zoning
R-1:SINGLE FAM-RES
Parcel
4652900400
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$10,162.50
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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4811 E Alder Drive, San Diego, CA 92116 · MLS #NDP2602637

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Listing information

MLS #NDP2602637 · California Regional MLS

Listing brokerage: Compass
Listing agent: Nick Wright

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.