3083 Vancouver Avenue

3083 Vancouver Avenue

Ctop 80%

San Diego, CA 92104

$1,895,000
NEW — 0d

Pass at asking: -$10,407/mo full cashflow at 20% down, 7.49% rate.

Works at $545,786 (71% under asking), or at 99% down.

Rent $5,467/mo from 17 leases of 3–5 bed houses within 2 mi ($4,971–$5,992).

Beds

4

Baths

3

Sqft

2,456

Year Built

2024

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2608160

This property is in San Diego (92104). View neighborhood stats →

About This Property

Experience modern luxury in the heart of North Park! Built in 2024 and thoughtfully enhanced with extensive upgrades, this stunning 4-bedroom, 3-bath residence offers 2,456 square feet of beautifully designed living space, canyon views, and exceptional indoor-outdoor living. Soaring 9-foot ceilings and an open-concept floor plan create a bright, inviting atmosphere, seamlessly connecting the living, dining, and kitchen areas. The chef-inspired kitchen features waterfall quartz countertops, a spacious center island, and sleek modern appliances, while expansive sliding glass doors open to an extended deck overlooking the canyon. Step outside to a beautifully transformed backyard featuring approximately $100,000 in improvements, creating an inviting outdoor retreat ideal for entertaining, relaxing, and enjoying San Diego’s year-round climate. Additional exterior enhancements include new iron fencing, artificial turf, and updated landscaping. Upstairs, the spacious primary suite offers access to a private balcony, while a versatile loft with its own balcony provides the perfect setting for a home office, media room, or additional lounge space. Premium finishes throughout include oversized porcelain tile flooring, high-quality Milgard windows, and modern architectural details. Additional highlights include fully paid-off solar with a Tesla Powerwall battery, individual mini-split heating and cooling systems, a tankless water heater, whole-home water softener, security cameras, and a customized primary closet. Complete with a two-car garage and additional driveway parking, this exceptional home combines modern design, energy efficiency, and everyday convenience. Ideally situated near North Park’s popular dining, shopping, parks, and neighborhood amenities, this is a rare opportunity to own a nearly new home with extensive upgrades already completed!

Mortgage Calculator

Est. Monthly Payment

$13,037

Principal & Interest$10,590
Property Tax$1,895
Insurance$553
%($379,000)
%
Loan Term

Location

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Investment Score

3C
Est. Monthly Rent
$5,467

17 leases of 3–5 bed houses within 2 mi · $4,971–$5,992

Monthly Cashflow

Rent − PITIA

-$7,571
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,407

What would make this work?

$10,407/mo short at 20% down; 99% down or +$13,516/mo rent closes it.

Break-even price

71% under asking

$545,786
Break-even rent

$13,516/mo above the estimate

$18,983/mo
Cashflow at 35% down
−$8,422/mo
Down payment to break even

$1,876,050 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$10,590
Cap Rate
0.29%
Cash-on-Cash
-32.95%
DSCR

Need ≥ 1.25 for DSCR loan

0.42

NOI (Annual)
$5,469
Price-to-Rent

Lower = better for investors

28.9

* Modelled at 20% down, 7.49% 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−$10,407/mo