2828 University Ave #406
Btop 30%San Diego, CA 92104
One license per person in San Diego: whether you can hold it depends on you, not only the home.
115 licensed short-term rentals within ½ mile (75 whole home), from the cities' license and permit lists of Nov 8, 2026.
1 short-term rental license on file in this 32-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$1,864/mo full cashflow at 20% down, 7.43% rate.
Works at $166,286 (59% under asking), or at 86% down.
Rent $2,478/mo from 1 lease in this building (±1 bed).
Beds
1
Baths
1
Sqft
582
Year Built
1997
Days on Market
93
Property Type
Condo
HOA/mo
$630.66
MLS ID
260019179SD
This property is in San Diego (92104). View neighborhood stats →
About This Property
Located in the heart of North Park, 2828 University Ave #406 offers an excellent opportunity to own a stylish and centrally located 1-bedroom, 1-bath condo listed at $409,000. This top-floor residence features an efficient open layout with abundant natural light, creating a comfortable urban living space ideal for first-time buyers, investors, or anyone seeking a low-maintenance lifestyle in one of San Diego’s most vibrant neighborhoods. Positioned directly along University Avenue, the property places you just steps from North Park’s renowned restaurants, coffee shops, breweries, boutiques, and nightlife, while still offering convenient access to freeways and surrounding metro San Diego. The building features secured access, elevator convenience, and assigned parking, making everyday living both practical and walkable. With strong surrounding property values and continued neighborhood demand, this condo presents both lifestyle appeal and long-term upside in a highly desirable San Diego location. Unit is currently being occupied by a month to month tenant.
Mortgage Calculator
Est. Monthly Payment
$3,431
Location
Loading map...
Zoned Schools
Elementary
Jefferson Elementary · grades PK-5 · San Diego Unified
Middle
Roosevelt International Middle · grades 6-8 · San Diego Unified
High
San Diego High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$2,478
Comp Average
$2,270
3951 Idaho St.
1bd / 1ba · 558 sqft · Condo
$354K
Est. $2,346/mo
3976 Iowa Street
1bd / 1ba · 600 sqft · Condo
$399K
Est. $2,457/mo
4225 Florida
1bd / 1ba · 622 sqft · Condo
$399K
Est. $2,323/mo
San Diego
1bd / 1ba · 598 sqft · Condo
$380K
Est. $2,020/mo
3738 33rd St
1bd / 1ba · 551 sqft · Condo
$465K
Est. $2,204/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building (±1 bed)
Blended 50/50 with a property-level estimate
Thin data: only 1 lease behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,864/mo short at 20% down; 86% down or +$2,420/mo rent closes it.
- Break-even price
- $166,286
- Break-even rent
- $4,898/mo
- Cashflow at 35% down
- −$1,438/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
59% under asking
$2,420/mo above the estimate
$351,740 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
Open Full Calculator