2020 Madison Ave

2020 Madison Ave

D

San Diego, CA 92116

$1,299,000

Beds

3

Baths

2

Sqft

2,024

Year Built

1950

Days on Market

10

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005032SD

View on MLS

Description

Welcome to 2020 Madison Avenue, a spacious and character-rich property in University Heights, one of San Diego’s most vibrant, walkable neighborhoods. Offering more square footage than many homes nearby, this property delivers flexibility, function, and long term value. Since its last sale, the home has undergone thoughtful system improvements, including extensive plumbing and electrical updates. Newly installed mini split systems and updated windows enhance overall comfort and energy efficiency. The layout provides generous living areas with room to adapt to your needs, whether that is multiple gathering spaces, a dedicated work from home setup, or the ability to spread out. The lot size and configuration create strong potential for an ADU, opening the door to rental income, guest quarters, or future expansion. Outdoors, the property continues to impress with gated off street parking and a private hot tub, offering a relaxed setting to unwind at the end of the day. The yard space invites creativity, whether you envision maintaining the lush landscaping, outdoor dining, or refining over time. Just moments from local cafes, parks, and neighborhood favorites, 2020 Madison Avenue combines scale, smart upgrades, and future potential. A rare opportunity to own a home with character and space, ready for its next chapter and for you to make it your own.

Mortgage Calculator

Est. Monthly Payment

$8,246

Principal & Interest$6,568
Property Tax$1,299
Insurance$379
%($259,800)
%

Investment Score

12D
Est. Monthly Rent
$6,563
Monthly Cashflow

Rent − PITI − HOA

$-1,683
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,275

Mortgage (P+I)
$6,568
Cap Rate
2.12%
Cash-on-Cash
-7.78%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.80
Break-even Rent
$8,246

NOI (Annual)
$27,516
Price-to-Rent

Lower = better for investors

16.5

* 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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