3244 3rd Ave

3244 3rd Ave

D

San Diego, CA 92103

$1,595,000

Beds

2

Baths

2

Sqft

1,725

Year Built

1910

Days on Market

9

Property Type

Duplex

HOA/mo

N/A

MLS ID

PTP2602144

Description

Nestled in the heart of Bankers Hill located in one of San Diego's most walkable and architecturally rich neighborhoods. This beautifully preserved Craftsman home delivers all the charm of original details, character finishes, and timeless craftsmanship. Gracious covered porch with room to gather. Enter home through foyer which sets the tone. Property currently serves as a two unit investment property (tenant occupied). Front house 2BR-1BA with hardwood floors and high ceilings. Washer/Dryer in Kitchen area. Second unit is a studio with a private patio. Large one car garage with long driveway to support off street parking. The current zoning unlocks flexible possibilities. Whether you are an owner- occupant seeking a lifestyle property that pays for itself, a creative professional drawn to the live-work potential, an investor building a multiunit portfolio, or a visionary buyer with an eye toward value-add.

Mortgage Calculator

Est. Monthly Payment

$10,125

Principal & Interest$8,065
Property Tax$1,595
Insurance$465
%($319,000)
%

Investment Score

0D
Est. Monthly Rent
$3,465
Monthly Cashflow

Rent − PITI − HOA

$-6,660
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,786

Mortgage (P+I)
$8,065
Cap Rate
-0.54%
Cash-on-Cash
-33.05%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$14,876

NOI (Annual)
$-8,653
Price-to-Rent

Lower = better for investors

38.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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