2950 Broadway

2950 Broadway

Btop 30%

San Diego, CA 92102

$499,000
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

132 licensed short-term rentals within ½ mile (90 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 41-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: -$2,217/mo full cashflow at 20% down, 7.36% rate.

Works at $208,890 (58% under asking), or at 85% down.

Rent $2,898/mo from 9 leases of 2-bed condos & townhomes within 0.5 mi ($2,916–$3,110).

Beds

2

Baths

2

Sqft

921

Year Built

1981

Days on Market

0

Property Type

Condo

HOA/mo

$635

MLS ID

260026876SD

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

About This Property

LOCATION LOCATION LOCATION! PRICED TO SELL! Incredible Opportunity awaits in the HEART of Golden Hill with this ideally located 2-bedroom, 2-bath residence. Thoughtfully designed for both comfort and privacy, the home features a spacious, open-concept floor plan that welcomes you with a bright dining area flowing effortlessly into an inviting living room by a welcoming fireplace. The well-appointed kitchen maximizes functionality, offering generous granite countertops and abundant cabinetry for effortless culinary prep and storage. Step outside to a serene, private balcony that overlooks lush greenery--an ideal setting for morning coffee or evening relaxation. Each bedroom is strategically placed on opposite sides of the living space, enhancing privacy. The primary suite includes a sizable closet and an en-suite bath, while a full-size washer and dryer provide added convenience. Nestled in the sought-after Golden Homes community, residents enjoy a wealth of amenities including a clubhouse, swimming pool, spa, BBQ area, bike storage, elevator access, and gated underground parking. HOA fees also cover water, trash, and recycling services. Perfectly positioned just steps from local favorites like Buona Forchetta, Kindred, and Food Bowl Market, this home is also just a mile from South Park's Target and minutes from downtown, Petco Park, Coronado, and the San Diego Bay. With easy access to major highways (5, 15, and 94) and public transit, this vibrant neighborhood rich in history and charm is an ideal place to call home.This is a MUST SEE!

Mortgage Calculator

Est. Monthly Payment

$4,033

Principal & Interest$2,753
Property Tax$499
Insurance$146
HOA$635
%($99,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Golden Hill K-8 · grades PK-8 · 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.

Investment Score

44B
Est. Monthly Rent
$2,898

9 leases of 2-bed condos & townhomes within 0.5 mi · $2,916–$3,110

Blended 50/50 with the zip's market median ($2,749)

Monthly Cashflow

Rent − PITIA

-$1,135
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,217

What would make this work?

$2,217/mo short at 20% down; 85% down or +$2,880/mo rent closes it.

Break-even price

58% under asking

$208,890
Break-even rent

$2,880/mo above the estimate

$5,778/mo
Cashflow at 35% down
−$1,701/mo
Down payment to break even

$424,150 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,753
Cap Rate
1.64%
Cash-on-Cash
-26.66%
DSCR

Need ≥ 1.25 for DSCR loan

0.72

NOI (Annual)
$8,166
Price-to-Rent

Lower = better for investors

14.3

* Modelled at 20% down, 7.36% 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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BCashflow−$2,217/mo