
3161 1st #3N
Dbottom 20%San Diego, CA 92103
85 licensed short-term rentals within ½ mile (49 whole home), from the cities' license and permit lists of Nov 10, 2026.
No unit in this 8-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: -$15,738/mo full cashflow at 20% down, 7.43% rate.
Works at $300,840 (87% under asking); even all cash loses money at asking.
Rent $4,579/mo from 9 leases of 2-bed condos & townhomes within 0.5 mi ($4,726–$4,990).
Beds
2
Baths
2
Sqft
2,318
Year Built
1979
Days on Market
96
Property Type
Condo
HOA/mo
$1,215
MLS ID
260019198SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
Set within one of only eight exclusive residences, this sought-after home offers tranquil perfection and refined design at every turn. Walls of glass invite an abundance of natural light, illuminating a spacious 2,318-square-foot floor plan curated for effortless living and elevated entertaining. A large living room seamlessly opens to a separate den, creating an airy, flexible space. Professionally designed and curated, French white oak flooring in a meticulous herringbone pattern anchors the light-filled interiors, while thoughtfully composed spaces evoke warmth, calm, and sophistication. Enjoy sweeping 180-degree views from sunrise to sunset, capturing lush treetops, sparkling city lights, and glimpses of the ocean. Extensively renovated and impossible to replicate, this residence reflects a masterful level of craftsmanship and attention to detail. The generous kitchen and breakfast area feature custom Moya Living cabinetry, book-matched quartzite surfaces, and premium Bosch and Liebherr appliances.The primary suite is a true retreat, offering a spa-inspired bath with marble flooring, a traditional English pedestal sink, free-standing soaking tub, large shower, and bespoke finishes. Custom drapery and Phillip Jeffries and Fornasetti wall coverings elevate the interiors. Reimagined from 2008–2026, enhancements include new baths, kitchen, flooring, lighting, custom doors, and specialty hardware. Ideally located in prestigious Bankers Hill at Sprucewood, moments from Balboa Park, downtown, and the airport—this home delivers rare privacy with exceptional conveniences. 3N Seller Improvements April 2026 The property was reimagine 2008-2026 by the current owner with a complete remodel of bathrooms, kitchen, floors and lighting. Architectural features were added with custom doors and specialty hardware. Light fixtures are Scandinavian and Italian from the 50s and 60s. Kitchen cabinets are powder coated steel by Moya Living. French white oak with herringbone pattern. Phillip Jeffries wallpaper, Fornasetti wallpaper in guest bath. Guest bath sink is vintage Sheri Wagner. Main bath sink is traditional English. New shower pans and shower doors. Italian glass cabinet in the main bathroom is included along with the large custom closet in primary bedroom. New weather stripping in all windows, new deck screen door. Newer electric panel, Trane HVAC 2019, 10 year warranty with service contract in place. Custom draperies installed in bedrooms and patio entrance, with electrical controlled screens. Appliances installed 8 years ago, Liebherr refrigerator, Bosch appliances. All recent HOA sprinkler inspections and dryer vent maintenance current. Ask agent for specific design and construction information.
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Est. Monthly Payment
$17,306
Location
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Zoned Schools
Elementary
Florence 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
4 comps foundThis Property
$4,579
Comp Average
$5,522
3533 3rd Ave
3bd / 3.5ba · 2,257 sqft · Townhouse
$1.49M
Est. $5,603/mo
2665 5th Avenue
2bd / 2.5ba · 2,032 sqft · Condo
$1.59M
Est. $5,817/mo
2604 5th
2bd / 2.5ba · 2,287 sqft · Condo
$2.90M
Est. $5,365/mo
3740 Park Blvd
3bd / 3ba · 2,613 sqft · Condo
$1.55M
Est. $5,304/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2-bed condos & townhomes within 0.5 mi · $4,726–$4,990
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$15,738/mo short at 20% down; +$20,439/mo rent closes it.
- Break-even price
- $300,840
- Break-even rent
- $25,018/mo
- Cashflow at 35% down
- −$13,290/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
87% under asking
$20,439/mo above the estimate
Negative even all-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.
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