3043 Carleton St. #A
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3043 Carleton St. #A

Ctop 80%

San Diego, CA 92106

$894,000
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

69 licensed short-term rentals within ½ mile (45 whole home), from the cities' license and permit lists of Nov 11, 2026.

No unit in this 4-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: -$4,316/mo full cashflow at 20% down, 7.43% rate.

Works at $332,036 (63% under asking), or at 90% down.

Rent $3,929/mo from 12 leases of 1–3 bed condos & townhomes within 1 mi ($3,556–$4,014).

Beds

2

Baths

2

Sqft

1,055

Year Built

1992

Days on Market

0

Property Type

Condo

HOA/mo

$475

MLS ID

260026754SD

This property is in San Diego (92106). View neighborhood stats →

About This Property

Beautiful, spacious, single-level condo, on the 1st level, located in the highly desired Point Loma Village. With hardwood floors, freshly painted interior, upgraded appliances, in-unit laundry with washer & dryer, plenty of closet space, 2 bedrooms and 2 full baths. For those cool nights, cozy up to a warm fireplace in the living room and perfect for entertaining. 2 parking spaces located in underground secured community garage. Also - BONUS - a private closet in garage for storage.Wonderful location for walking to restaurants, cafe's, Shelter Island, LaPlaya Trail, PL Sportfishing and minutes drive to Liberty Station, SD Airport and SD Downtown. Great home or get away! Also - BONUS - a private closet in garage for storage.Wonderful location for walking to restaurants, cafe's, Shelter Island, LaPlaya Trail, PL Sportfishing and minutes drive to Liberty Station, SD Airport and SD Downtown. Great home or get away!

Mortgage Calculator

Est. Monthly Payment

$6,596

Principal & Interest$4,967
Property Tax$894
Insurance$261
HOA$475
%($178,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Cabrillo Elementary · grades PK-4 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

  • High

    Point Loma 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

18C
Est. Monthly Rent
$3,929

12 leases of 1–3 bed condos & townhomes within 1 mi · $3,556–$4,014

Blended 50/50 with the zip's market median ($4,096)

Monthly Cashflow

Rent − PITIA

-$2,668
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,316

What would make this work?

$4,316/mo short at 20% down; 90% down or +$5,605/mo rent closes it.

Break-even price

63% under asking

$332,036
Break-even rent

$5,605/mo above the estimate

$9,534/mo
Cashflow at 35% down
−$3,385/mo
Down payment to break even

$804,600 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,967
Cap Rate
1.14%
Cash-on-Cash
-28.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$10,161
Price-to-Rent

Lower = better for investors

19.0

* 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−$4,316/mo