3282 Berger Avenue #A3
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3282 Berger Avenue #A3

Btop 30%

San Diego, CA 92123

$515,000
STR: check · no permits in this complex · TOT 12.75%

9 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 54-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: -$2,230/mo full cashflow at 20% down, 7.49% rate.

Works at $225,825 (56% under asking), or at 82% down.

Rent $3,074/mo from 11 leases of 2-bed condos & townhomes within 2 mi ($2,856–$3,819).

Beds

2

Baths

1.5

Sqft

1,036

Year Built

1975

Days on Market

103

Property Type

Condo

HOA/mo

$625

MLS ID

PTP2605469

This property is in San Diego (92123). View neighborhood stats →

Virtual Tour

About This Property

**This home qualifies for an interest rate buy down, inquire for terms! ** Welcome to 3282 Berger Ave #A3, a beautifully updated townhome in highly desirable Serra Mesa. Featuring luxury vinyl plank flooring throughout, this move-in-ready home offers a modern feel and thoughtful upgrades at every turn. Enjoy year-round comfort with brand-new mini-split heating and cooling systems, plus the convenience of a washer and dryer located in a spacious designer closet. The home features two oversized bedrooms, each with its own private balcony, along with an additional outdoor patio perfect for relaxing or entertaining. Complete with two dedicated parking spaces and a central location close to shopping, dining, freeways, and everything San Diego has to offer, this is an opportunity you won't want to miss.

Mortgage Calculator

Est. Monthly Payment

$4,168

Principal & Interest$2,878
Property Tax$515
Insurance$150
HOA$625
%($103,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Angier Elementary · grades K-5 · San Diego Unified

  • Middle

    Taft Middle · grades 6-8 · San Diego Unified

  • High

    Kearny Digital Media & Design · grades 9-12 · San Diego Unified

    or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified

    or Kearny College Connections · grades 9-12 · San Diego Unified

    or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified

    Choice area: the district lets families here pick either school.

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

46B
Est. Monthly Rent
$3,074

11 leases of 2-bed condos & townhomes within 2 mi · $2,856–$3,819

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,094
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,230

What would make this work?

$2,230/mo short at 20% down; 82% down or +$2,896/mo rent closes it.

Break-even price

56% under asking

$225,825
Break-even rent

$2,896/mo above the estimate

$5,970/mo
Cashflow at 35% down
−$1,691/mo
Down payment to break even

$422,300 cash

82%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,878
Cap Rate
1.87%
Cash-on-Cash
-25.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$9,618
Price-to-Rent

Lower = better for investors

14.0

* 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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BCashflow−$2,230/mo