1936 Broadway
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1936 Broadway

D

San Diego, CA 92102

$1,150,000

Soft Appraisal Value: $1,237,500 · 7.1% below estimate

Beds

Baths

Sqft

1,317

Year Built

1953

Days on Market

170

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2511201

This property is in San Diego (92102). View neighborhood stats →

About This Property

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

$7,300

Principal & Interest$5,815
Property Tax$1,150
Insurance$335
%($230,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$4,025
Monthly Cashflow

Rent − PITIA

$-3,275
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,159

Mortgage (P+I)
$5,815
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$10,725

NOI (Annual)
$7,871
Price-to-Rent

Lower = better for investors

23.8

* 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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