3825 Van Dyke Ave #3
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3825 Van Dyke Ave #3

Atop 10%

San Diego, CA 92105

$299,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Soft Appraisal Value: $304,300 · 1.7% below estimate

Pass at asking: -$825/mo full cashflow at 20% down, 7.65% rate.

Works at $193,221 (35% under asking), or at 59% down.

Rent $2,474/mo from 9 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,173–$2,488).

Beds

2

Baths

1.5

Sqft

897

Year Built

1980

Days on Market

46

Property Type

Condo

HOA/mo

$398

MLS ID

PTP2606727

This property is in San Diego (92105). View neighborhood stats →

Virtual Tour

About This Property

Stunning Fully Renovated Condo in City Heights! Welcome to this beautifully upgraded 2 bed, 1 bath ground-level unit in a gated complex in the heart of San Diego. This home features a completely remodeled kitchen with sleek quartz countertops, white shaker cabinets, subway tile backsplash, stainless steel appliances, and modern brass hardware. The spacious living room is flooded with natural light and showcases durable wood-look flooring that flows throughout the home. The stylishly remodeled bathroom boasts a tiled shower surround with built-in niche, dual-pane frosted windows for privacy, a modern vanity with marble top, and elegant gold fixtures. Additional upgrades include recessed lighting, dual-pane windows, and contemporary finishes throughout. This turn-key unit is perfect for first-time buyers or investors looking for low-maintenance living. Located just minutes from North Park, downtown, and freeway access — this one won’t last!

Mortgage Calculator

Est. Monthly Payment

$2,481

Principal & Interest$1,697
Property Tax$299
Insurance$87
HOA$398
%($59,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Central Elementary · grades K-5 · San Diego Unified

  • Middle

    Wilson Middle · grades 6-8 · San Diego Unified

  • High

    Hoover High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

77A
Est. Monthly Rent
$2,474

9 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,173–$2,488

Blended 50/50 with the property-level estimate ($2,564)

Monthly Cashflow

Rent − PITIA

-$7
Full Cashflow

Incl. vacancy, PM, maint, capex

-$825

What would make this work?

$825/mo short at 20% down; 59% down or +$1,072/mo rent closes it.

Break-even price

35% under asking

$193,221
Break-even rent

$1,072/mo above the estimate

$3,546/mo
Cashflow at 35% down
−$507/mo
Down payment to break even

$176,410 cash

59%
Rate to break even

at 20% down

1.90%

Mortgage (P+I)
$1,697
Cap Rate
3.50%
Cash-on-Cash
-16.56%
DSCR

Need ≥ 1.25 for DSCR loan

1.00

NOI (Annual)
$10,462
Price-to-Rent

Lower = better for investors

10.1

* Modelled at 20% down, 7.65% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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ACashflow−$825/mo