3476 Monroe Ave #12
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3476 Monroe Ave #12

Btop 30%

San Diego, CA 92116

$450,000
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

106 licensed short-term rentals within ½ mile (57 whole home), from the cities' license and permit lists of Nov 5, 2026.

No unit in this 14-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: -$2,120/mo full cashflow at 20% down, 7.49% rate.

Works at $175,103 (61% under asking), or at 88% down.

Rent $2,202/mo from 11 leases of 1-bed condos & townhomes within 0.5 mi ($2,074–$2,314).

Beds

1

Baths

1

Sqft

576

Year Built

1980

Days on Market

0

Property Type

Condo

HOA/mo

$345

MLS ID

260026358SD

This property is in San Diego (92116). View neighborhood stats →

About This Property

Located in the heart of Normal Heights, this charming upstairs condo offers comfortable living just a short walk from the restaurants, coffee shops, boutiques, and nightlife along Adams Avenue. Situated within a gated community, this one-bedroom, one-bath residence features an inviting living room with a fireplace, an updated kitchen with granite countertops, stainless steel appliances, a breakfast bar, a new garbage disposal, and a separate dining area. Recent improvements include dual-pane, sound-reducing windows in both the living room and bedroom, a new security screen door, and a professionally inspected and cleaned chimney. The spacious bedroom includes a walk-in closet and direct access to the bathroom, which features a stylish vanity with a stone countertop, updated contemporary lighting, and a large round mirror. Additional highlights include a wall-mounted air conditioning unit, a patio area just outside the front door, an assigned parking space, and two community laundry rooms. Enjoy the convenience of living near the vibrant neighborhoods of Kensington and North Park, with easy access to Balboa Park, Mission Valley, and downtown San Diego. A wonderful opportunity to enjoy one of San Diego's most walkable and lively neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$3,441

Principal & Interest$2,515
Property Tax$450
Insurance$131
HOA$345
%($90,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Adams Elementary · grades K-5 · San Diego Unified

  • Middle

    Wilson Middle · grades 6-8 · San Diego Unified

  • High

    Hoover 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.

Investment Score

42B
Est. Monthly Rent
$2,202

11 leases of 1-bed condos & townhomes within 0.5 mi · $2,074–$2,314

Blended 50/50 with the zip's market median ($2,239)

Monthly Cashflow

Rent − PITIA

-$1,239
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,120

What would make this work?

$2,120/mo short at 20% down; 88% down or +$2,753/mo rent closes it.

Break-even price

61% under asking

$175,103
Break-even rent

$2,753/mo above the estimate

$4,955/mo
Cashflow at 35% down
−$1,649/mo
Down payment to break even

$396,000 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,515
Cap Rate
1.35%
Cash-on-Cash
-28.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.64

NOI (Annual)
$6,056
Price-to-Rent

Lower = better for investors

17.0

* 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.

Open Full Calculator
BCashflow−$2,120/mo