3535 Madison Ave San Diego

3535 Madison Ave San Diego

D

, CA 92116

$415,000

Beds

1

Baths

1

Sqft

650

Year Built

1984

Days on Market

34

Property Type

Condo

HOA/mo

$520

MLS ID

260002054SD

Description

Welcome to the heart of San Diego! This beautifully maintained 1-bedroom, 1-bath condo at 3535 Madison Ave #134 offers the perfect blend of comfort, style, and convenience. Nestled in sought-after Normal Heights, this ground-floor unit boasts an airy open floor plan with abundant natural light, sleek laminate flooring, and a spacious living area that flows seamlessly to a private patio—perfect for relaxing with your morning coffee or hosting friends. The updated kitchen features modern cabinetry, stainless steel appliances, and granite countertops, creating a space as functional as it is stylish. Enjoy the convenience of a dishwasher, microwave, and a new garbage disposal. Water and trash services are included in the HOA fees. The serene bedroom provides a peaceful retreat with ample closet space. Additional perks include in-unit laundry and a swamp cooler. Enjoy the location of this ground-level unit, tucked in the back of this gated complex near the pool, spa, gym, and a designated parking spot conveniently located near the unit. Just minutes from North Park, University Heights, and Mission Valley, this home offers easy access to popular restaurants, boutique shopping, and nearby parks. Convenient transportation options, close freeway access, and quick commutes to downtown and the airport make city living effortless. Whether you're a first-time buyer, downsizing, or looking for a perfect investment opportunity, don't miss your chance to own in one of San Diego's most desirable locations.

Mortgage Calculator

Est. Monthly Payment

$3,155

Principal & Interest$2,098
Property Tax$415
Insurance$121
HOA$520
%($83,000)
%

Investment Score

3D
Est. Monthly Rent

Market Rent Estimate

$2,035
Monthly Cashflow

Rent − PITI − HOA

$-1,119
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,933

Mortgage (P+I)
$2,098
Cap Rate
0.48%
Cash-on-Cash
-16.19%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.97
Break-even Rent
$3,154

NOI (Annual)
$1,981
Price-to-Rent

Lower = better for investors

17.0

* Defaults: 20% down, 6.5% rate, 30yr.

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