
3476 Monroe Ave #12
Btop 30%San Diego, CA 92116
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
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.
Comparable Properties
5 comps foundThis Property
$2,202
Comp Average
$2,233

4747 Hamilton St
1bd / 1ba · 548 sqft · Condo
$395K
Est. $2,174/mo
4431 32nd Street
1bd / 1ba · 559 sqft · Condo
$405K
Est. $2,187/mo
4415 38th Street
1bd / 1ba · 588 sqft · Condo
$400K
Est. $2,205/mo
3535 Madison Ave
1bd / 1ba · 650 sqft · Condo
$415K
Est. $2,300/mo
3535 Madison
1bd / 1ba · 650 sqft · Condo
$419K
Est. $2,300/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,120/mo short at 20% down; 88% down or +$2,753/mo rent closes it.
- Break-even price
- $175,103
- Break-even rent
- $4,955/mo
- Cashflow at 35% down
- −$1,649/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$2,753/mo above the estimate
$396,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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