2420 Community Ln #34
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2420 Community Ln #34

Ctop 80%

San Diego, CA 92108

$1,140,000
STR: check · no permits in this complex · TOT 12.75%

8 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 62-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$5,485/mo full cashflow at 20% down, 7.43% rate.

Works at $425,804 (63% under asking), or at 90% down.

Rent $5,208/mo from 11 leases of 3-bed condos & townhomes within 0.5 mi, same school area ($4,700–$5,261).

Beds

3

Baths

2.5

Sqft

1,628

Year Built

2020

Days on Market

60

Property Type

Condo

HOA/mo

$740

MLS ID

260022247SD

This property is in San Diego (92108). View neighborhood stats →

Virtual Tour

About This Property

Welcome to 2420 Community Lane #34 in Civita’s desirable Elevate neighborhood. This move-in ready 3 bedroom, 2.5 bathroom residence offers approximately 1,628 sq. ft. of single-level living with soaring 10-foot ceilings and abundant natural light. The open-concept kitchen, dining, and living areas flow seamlessly to a private patio through a dramatic bi-fold door system, creating an ideal indoor-outdoor setting for everyday living and entertaining. The kitchen features white cabinetry, quartz countertops, stainless steel appliances, a large center island, and custom rollout cabinet shelving. Recently painted and refreshed with brand new carpet, the home also features custom-built entry cabinetry, multiple custom bedroom closets, a private laundry room, and a private 2-car garage. Enjoy modern, low-maintenance living in the heart of Civita with parks, recreation, trails, and community amenities nearby. 2420 Community Lane #34 combines the convenience of single-level living with the contemporary design Elevate is known for. The spacious main living area is highlighted by 10-foot ceilings, recessed LED lighting, large windows, and a WinDoor bi-fold door system that opens the living space directly to the private patio. Thoughtful improvements throughout the home add both style and functionality, including custom rollout shelving within the kitchen cabinetry, custom-built entryway storage, and multiple custom closet systems in the bedrooms. The home has also been recently painted and refreshed with brand new carpet, making it ready for its next owner. Additional features include quartz kitchen countertops, stainless steel appliances, window coverings, a dedicated laundry room, and a private 2-car garage. Residents of Elevate enjoy convenient access to Civita Park, walking trails, playgrounds, dog parks, and the Civita Recreation Center with resort-style pools, fitness facilities, outdoor lounge areas, and community gathering spaces. The home is also conveniently located near The Row, where future retail and dining are proposed, including a proposed Jimbo’s Natural Family Foods, further adding to Civita’s walkable, connected lifestyle.

Mortgage Calculator

Est. Monthly Payment

$8,546

Principal & Interest$6,333
Property Tax$1,140
Insurance$332
HOA$740
%($228,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Nipaquay Elementary · grades K-5 · San Diego Unified

  • Middle

    Taft Middle · grades 6-8 · San Diego Unified

  • High

    Kearny Digital Media & Design · grades 9-12 · San Diego Unified

    or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified

    or Kearny College Connections · grades 9-12 · San Diego Unified

    or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

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

12C
Est. Monthly Rent
$5,208

11 leases of 3-bed condos & townhomes within 0.5 mi, same school area · $4,700–$5,261

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,337
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,485

What would make this work?

$5,485/mo short at 20% down; 90% down or +$7,123/mo rent closes it.

Break-even price

63% under asking

$425,804
Break-even rent

$7,123/mo above the estimate

$12,331/mo
Cashflow at 35% down
−$4,298/mo
Down payment to break even

$1,026,000 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,333
Cap Rate
1.17%
Cash-on-Cash
-28.87%
DSCR

Need ≥ 1.25 for DSCR loan

0.61

NOI (Annual)
$13,303
Price-to-Rent

Lower = better for investors

18.2

* Modelled at 20% down, 7.43% 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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CCashflow−$5,485/mo