3450 2nd Ave #14
Ctop 80%San Diego, CA 92103
93 licensed short-term rentals within ½ mile (68 whole home), from the cities' license and permit lists of Nov 10, 2026.
No unit in this 24-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: -$3,194/mo full cashflow at 20% down, 7.43% rate.
Works at $282,247 (60% under asking), or at 86% down.
Rent $3,685/mo from 8 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($3,228–$4,907).
Beds
2
Baths
2
Sqft
1,048
Year Built
1970
Days on Market
101
Property Type
Condo
HOA/mo
$670
MLS ID
260018730SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
Open floor plan unit with a chef's dream kitchen just 4 blocks away from Balboa Park. Bright, 2 Full Bathrooms, Walk-in Closet, Gated Garage Parking, Central A/C, Stainless Steel Appliances, Abundant Cabinets in Kitchen, Recessed Dimmable Lighting. This unit is perfect for entertaining with a large kitchen island, open to the living room and patio and free use of in-building guest room next to the unit. Quiet and safe building with many owner occupied units located in a quiet serene part of Bankers Hill.
Mortgage Calculator
Est. Monthly Payment
$5,449
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
5 comps foundThis Property
$3,685
Comp Average
$3,291
917 Torrance Street
2bd / 2ba · 1,052 sqft · Condo
$615K
Est. $3,197/mo
3825 Centre Street
2bd / 2ba · 1,006 sqft · Condo
$699K
Est. $3,313/mo
3431 Park Blvd
2bd / 2ba · 955 sqft · Condo
$700K
Est. $3,298/mo
1263 Robinson
2bd / 2ba · 1,046 sqft · Condo
$750K
Est. $3,479/mo
1270 Cleveland Ave
2bd / 2ba · 1,077 sqft · Condo
$769K
Est. $3,167/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $3,228–$4,907
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,194/mo short at 20% down; 86% down or +$4,148/mo rent closes it.
- Break-even price
- $282,247
- Break-even rent
- $7,833/mo
- Cashflow at 35% down
- −$2,467/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
60% under asking
$4,148/mo above the estimate
$600,280 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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