3275 Boundary
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3275 Boundary

D

San Diego, CA 92104

$1,599,000
NEW — 0d

Soft Appraisal Value: $1,575,100 · 1.5% above estimate

Beds

5

Baths

3

Sqft

1,894

Year Built

1946

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PT26111262

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

About This Property

Income-Producing North Park Gem with Massive Upside | 4BD/2BA Main House + JR ADU + Garage Conversion possibleWelcome to 3275 Boundary Street — a fully renovated, turn-key income property in the heart of vibrant North Park. This corner-lot charmer delivers immediate cash flow and tremendous future potential.Key Highlights:Main House: Spacious 4 bedroom, 2 bathroom residence featuring restored original hardwood floors, a modern kitchen with quartz counters, Mini split A/C, and modern upgrades throughout.JR ADU: A charming 310 sq ft studio with private entry, bedroom, kitchenette, and full bath — perfect for extra rental income or guests.Garage Conversion Opportunity: Permits are currently in process to convert the extra-wide 2-car garage into a 1,000 sq ft 2BD/2BA ADU. This will transform the property into a true triplex.Proven Rental Performance: The property has generated stong rental returns in the short term market.Additional features include: Expansive backyard oasis with quartz patio bar, gazebo, and pergolas. Prime North Park location near shops, restaurants, parks, and all that San Diego has to offer.Whether you want to live in one unit and rent the others, run it as a high-performing vacation rental, or complete the garage ADU to maximize income, this property offers rare flexibility and strong returns in one of San Diego’s most desirable neighborhoods.Don’t miss this opportunity to own a proven income producer with significant built-in equity and expansion potential.

Mortgage Calculator

Est. Monthly Payment

$10,151

Principal & Interest$8,085
Property Tax$1,599
Insurance$466
%($319,800)
%

Location

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Comparable Properties

2 comps found

This Property

$4,671

vs

Comp Average

$5,876

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

1D
Est. Monthly Rent
$4,671
Monthly Cashflow

Rent − PITIA

$-5,479
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,886

Mortgage (P+I)
$8,085
Cap Rate
0.15%
Cash-on-Cash
-29.59%
DSCR

Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$14,913

NOI (Annual)
$2,390
Price-to-Rent

Lower = better for investors

28.5

* 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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