
3525 Lebon Dr. #307
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.
9 licensed short-term rentals within ½ mile (6 whole home), from the cities' license and permit lists of Nov 10, 2026.
1 short-term rental license on file in this 54-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: -$3,487/mo full cashflow at 20% down, 7.43% rate.
Works at $265,031 (63% under asking), or at 90% down.
Rent $3,425/mo from 1 lease in this building.
Beds
2
Baths
2
Sqft
1,138
Year Built
1981
Days on Market
101
Property Type
Condo
HOA/mo
$602
MLS ID
NDP2607211
This property is in San Diego (92122). View neighborhood stats →
About This Property
Experience turnkey living in the highly desirable La Jolla Garden Villas. This beautifully renovated 2-bedroom, 2-bath residence with a versatile loft features quality finishes, custom cabinetry, built-in storage, and approximately 1,138 square feet of well-designed living space. The loft provides flexible space for a home office or additional sleeping area, while the private patio is ideal for relaxing or dining outdoors. Custom closets and additional cabinetry offer exceptional storage rarely found in condominium living. Designed for privacy, the unique layout creates an ideal guest suite or workspace with excellent sound separation, allowing two people to comfortably work from home at the same time without interrupting calls or meetings. The home includes two assigned underground parking spaces in a convenient drive-through configuration (not tandem), a private storage cage on the garage level, and access via a brand-new elevator. La Jolla Garden Villas is a boutique community of just 54 residences with a high owner-occupancy rate, creating a welcoming neighborhood feel. Residents enjoy secure gated entry, security cameras throughout the community, beautifully maintained grounds, a pool, spa, newly renovated clubhouse with a full kitchen, BBQ area, and controlled access from both the street and garage. Ideally located in the heart of University City, you're within walking distance of shopping, restaurants, UC San Diego, the UC San Diego Blue Line Trolley, and multiple bus routes. La Jolla Shores, UTC, Torrey Pines Golf Course, and major freeways are all just minutes away. Whether you're searching for a primary residence, a home near campus, or an investment opportunity, this location offers exceptional convenience. Move-in ready and thoughtfully updated, this home combines a functional floor plan with one of San Diego's most desirable locations.
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Est. Monthly Payment
$5,525
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
$3,425
Comp Average
$3,745
8878 Regents Road
2bd / 2ba · 1,212 sqft · Condo
$699K
Est. $3,594/mo
3525 Lebon Dr.
2bd / 2ba · 1,138 sqft · Condo
$679K
Est. $3,433/mo
4080 Rosenda Ct
2bd / 2ba · 1,086 sqft · Condo
$695K
Est. $3,347/mo
4054 Nobel Drive
2bd / 2ba · 1,073 sqft · Condo
$699K
Est. $3,349/mo
3890 Nobel
2bd / 2ba · 1,153 sqft · Condo
$599K
Est. $5,000/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building
Blended 50/50 with a property-level estimate
Thin data: only 1 lease behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,487/mo short at 20% down; 90% down or +$4,529/mo rent closes it.
- Break-even price
- $265,031
- Break-even rent
- $7,954/mo
- Cashflow at 35% down
- −$2,738/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
63% under asking
$4,529/mo above the estimate
$647,100 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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