1936 Broadway

1936 Broadway

D

San Diego, CA 92102

$1,275,000

Soft Appraisal Value: $1,258,700 · 1.3% above estimate

Beds

Baths

Sqft

1,317

Year Built

1953

Days on Market

124

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2511201

View on MLS

Description

Completely remodeled and rent-ready duplex in the heart of Golden Hill, situated on an oversized lot with excellent development potential, including ADU’s as one of several options. This versatile opportunity allows for immediate rental income, expand the existing structures, or leverage the Complete Communities program to create a small-to-mid-sized infill development project. The City of San Diego has confirmed the property’s Non-Historic Determination as of 2022. Therefore, no historic report is required, and the determination is valid for five years, providing a clear path for redevelopment and future project planning. Just minutes from Downtown San Diego, Balboa Park, and major freeways, this property offers excellent convenience. The front, street level unit features 1 BR, 1 BA, and an eat in kitchen. The rear upstairs unit offers 2 BR, 1 BA. Under the rear the unit is a basement that could be utilized as extra storage. Each unit enjoys the added benefits of new water heaters and laundry hookups. Onsite, there is a one-car garage and additional off-street parking. The attached development schemes are conceptual ideas only, they have not been submitted for approval. Please refer to the attached document. An excellent opportunity to own a flexible, high potential property in one of San Diego’s most desirable urban neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$8,094

Principal & Interest$6,447
Property Tax$1,275
Insurance$372
%($255,000)
%

Investment Score

0D
Est. Monthly Rent
$3,122
Monthly Cashflow

Rent − PITIA

$-4,972
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,753

Mortgage (P+I)
$6,447
Cap Rate
-0.29%
Cash-on-Cash
-31.78%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.39
Break-even Rent
$11,892

NOI (Annual)
$-3,667
Price-to-Rent

Lower = better for investors

34.0

* 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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