3520 Lebon Drive #5128
Ctop 80%San Diego, CA 92122
One license per person in San Diego: whether you can hold it depends on you, not only the home.
10 licensed short-term rentals within ½ mile (6 whole home), from the cities' license and permit lists of Nov 11, 2026.
1 short-term rental license on file in this 90-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$3,254/mo full cashflow at 20% down, 7.43% rate.
Works at $275,369 (61% under asking), or at 88% down.
Rent $3,219/mo from 21 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($3,170–$3,302).
Beds
2
Baths
2
Sqft
956
Year Built
2006
Days on Market
139
Property Type
Condo
HOA/mo
$364
MLS ID
NDP2606049
This property is in San Diego (92122). View neighborhood stats →
About This Property
**Price reduction*** GREAT VALUE !!! Bright end-unit 2BR/2BA first floor corner-end condo in the highly desirable centrally located Villa Vicenza community in UTC/La Jolla in the heart of the Golden Triangle. This fully upgraded home features an open split-master floor plan with private bathrooms in each bedroom, new LVP floors throughout (no carpet), new modern paint, dual primary suites positioned on opposite sides of the living area for added privacy, private master patio with two private storage closets, walk-in closets in both bedrooms, two private patios, in-unit stackable laundry, two assigned parking spaces in gated underground garage, granite countertops, stainless steel appliances, maple cabinets, smooth ceilings, dual-pane windows, marble oversized vanity, tile-enclosed tub, low-flow toilets, and nickel-plated fixtures. Community amenities include a heated pool, hot tub/spa, fitness center with yoga studio and free weights, beautifully well-maintained landscape, on-site management, and the second lowest HOA dues in the UTC area. Conveniently located near UCSD, bus stop, UTC mall, trolley station, restaurants, banks, Whole Foods, Ralphs, CVS, Trader Joes, very easy freeway access, and so much more!
Mortgage Calculator
Est. Monthly Payment
$5,150
Location
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Zoned Schools
Elementary
Doyle Elementary · grades K-5 · San Diego Unified
Middle
Standley Middle · grades 6-8 · San Diego Unified
High
University City 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
$3,219
Comp Average
$3,203
3550 Lebon Dr
2bd / 2ba · 956 sqft · Condo
$650K
Est. $3,156/mo
4065 Porte La Paz
2bd / 2ba · 966 sqft · Condo
$649K
Est. $3,257/mo
8889 Caminito Plaza Centro
2bd / 2ba · 1,001 sqft · Condo
$704K
Est. $3,186/mo
4040 Porte La Paz
2bd / 2ba · 966 sqft · Condo
$680K
Est. $3,237/mo
3550 Lebon Drive
2bd / 2ba · 956 sqft · Condo
$725K
Est. $3,178/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
21 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $3,170–$3,302
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,254/mo short at 20% down; 88% down or +$4,226/mo rent closes it.
- Break-even price
- $275,369
- Break-even rent
- $7,445/mo
- Cashflow at 35% down
- −$2,526/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$4,226/mo above the estimate
$615,120 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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