2120 Madison Ave

2120 Madison Ave

D

San Diego, CA 92116

$599,950
NEW — 2d on market

Beds

2

Baths

1

Sqft

806

Year Built

1945

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005857SD

Description

Located in the highly desirable University Heights neighborhood, 2120 Madison Avenue presents a rare opportunity for investors, builders, or buyers looking to restore and reimagine a classic San Diego property. This fixer home is full of potential and offers a chance to create something truly special in one of the city’s most sought-after urban communities. The existing structure features original character elements and a functional layout ready for renovation, providing the ideal canvas for a modern redesign or thoughtful restoration. The property includes a attached garage and a long driveway offering ample off-street parking, while the backyard provides space for outdoor living, expansion, or potential future improvements. With strong upside potential, this property may be well suited for renovation, rental income, or redevelopment opportunities. Ideally located near popular restaurants, cafés, parks, and vibrant neighborhood shops, this property combines location, character, and opportunity for those looking to add value in the heart of San Diego.

Mortgage Calculator

Est. Monthly Payment

$3,809

Principal & Interest$3,034
Property Tax$600
Insurance$175
%($119,990)
%

Investment Score

10D
Est. Monthly Rent
$2,808
Monthly Cashflow

Rent − PITI − HOA

$-1,001
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,146

Mortgage (P+I)
$3,034
Cap Rate
1.77%
Cash-on-Cash
-10.01%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$3,809

NOI (Annual)
$10,647
Price-to-Rent

Lower = better for investors

17.8

* 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.

Get Expert AnalysisOpen Full Calculator