3405 Florida St
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3405 Florida St #404

C

San Diego, CA 92104

$699,000

Soft Appraisal Value: $697,500 · 0.2% above estimate

Beds

2

Baths

2

Sqft

1,198

Year Built

1988

Days on Market

47

Property Type

Condo

HOA/mo

$726.49

MLS ID

260012839SD

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

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About This Property

PRICED TO SELL! Nestled on Balboa Park’s northeast canyon edge, this Coventry Woods two bedroom, two bathroom single level residence enjoys quiet living with all the convenience and vibrant culture found in Balboa Park and North Park.  Tranquil living welcomes you inside with warm wood laminate flooring and a thoughtfully designed layout.  The private entry hall opens to a spacious kitchen with granite countertops, mosaic tile backsplash, abundant cabinetry storage, stainless steel appliances, and breakfast bar seating with pendant light fixtures.  The kitchen overlooks a flexible dining area that seamlessly flows into a serene living room. The living room features a cozy fireplace and beautiful double French doors with sidelights that bathes the rooms in natural light.  Beyond the French doors is a sizable, private covered tiled balcony surrounded by mature, lush landscaping that brings nature to the city.  The private balcony expands your living space and is perfect for unwinding at the end of the day, relaxing with a book on weekends, or entertaining family and friends.  Back inside the thoughtful design continues with a split suite floor plan that maximizes space and privacy making this ideal for professionals with a home office, roommate living arrangement, or flex space.  The spacious primary suite is located in the back of the home and has its own access to the private balcony.  The ensuite bathroom enjoys dual sinks, extensive counter and cabinet space, large closet with organizers and mirrored dressing doors, and a separate room for the walk-in shower. The second generous bedroom is at the front of the home and has ample closet space and a beautifully integrated Murphy bed.  Completing the home is a contemporary guest bath, large laundry room with an abundance of storage space and side-by-side washer and dryer plus 2 dedicated and secured parking spaces.  Residents of Coventry Woods enjoy peace of mind with a secured gated complex, and amenities that include a rooftop deck, BBQs, and well-maintained community.  Ideally positioned, you’ll enjoy the walkability of North Park and will be minutes away from Balboa Park, San Diego Zoo, Morley Field Sports Complex that includes tennis, pickleball, and disc golf.  This home is truly a gem that offers a quiet retreat with a connection to an urban and exciting lifestyle. VA approved complex!

Mortgage Calculator

Est. Monthly Payment

$5,164

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$726
%($139,800)
%

Location

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Investment Score

21D
Est. Monthly Rent
$3,194
Monthly Cashflow

Rent − PITIA

$-1,970
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,287

Mortgage (P+I)
$3,535
Cap Rate
0.42%
Cash-on-Cash
-28.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$7,463

NOI (Annual)
$2,969
Price-to-Rent

Lower = better for investors

18.2

* 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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