3535 Madison Ave #210
Btop 30%San Diego, CA 92116
107 licensed short-term rentals within ½ mile (58 whole home), from the cities' license and permit lists of Nov 1, 2026.
No unit in this 88-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: -$1,950/mo full cashflow at 20% down, 7.49% rate.
Works at $162,230 (61% under asking), or at 88% down.
Rent $2,300/mo from 2 leases in this building.
Beds
1
Baths
1
Sqft
650
Year Built
1984
Days on Market
92
Property Type
Condo
HOA/mo
$520
MLS ID
260018569SD
This property is in San Diego (92116). View neighborhood stats →
About This Property
This beautifully maintained 1-bedroom, 1-bath condo is in the highly desired complex of Adela. Located in sought-after Normal Heights, this TOP-FLOOR END-UNIT has an airy open floor plan with abundant natural light and courtyard views. Enjoy more privacy with only one shared common wall and a large balcony with a serene view of flowering trees and well-maintained landscaping. The spacious bedroom has two closets and the open living area flows seamlessly to a private balcony—perfect for relaxing with your morning coffee or hosting friends. The designated parking space is conveniently located near the unit. Amenities include a well-equipped gym, relaxing pool and spa with lounge chairs, Amazon lockers at the main lobby, and several secured gates for easy access to the building. Water and trash services are included in the HOA fees. Newer stacked washer/dryer and window AC unit are also included. Normal Heights and Adams Avenue offer entertainment, dining, shopping, gyms, community centers, parks, coffee shops, and events. 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.
Mortgage Calculator
Est. Monthly Payment
$3,375
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
$2,300
Comp Average
$2,329
4635 Texas Street
1bd / 1ba · 640 sqft · Condo
$415K
Est. $2,291/mo
4431 32nd Street
1bd / 1ba · 559 sqft · Condo
$405K
Est. $2,187/mo
4415 38th Street
1bd / 1ba · 588 sqft · Condo
$400K
Est. $2,181/mo
3535 Madison
1bd / 1ba · 650 sqft · Condo
$419K
Est. $2,300/mo
4671 Hamilton St
2bd / 2ba · 739 sqft · Condo
$560K
Est. $2,686/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
2 leases in this building
Thin data: only 2 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,950/mo short at 20% down; 88% down or +$2,532/mo rent closes it.
- Break-even price
- $162,230
- Break-even rent
- $4,832/mo
- Cashflow at 35% down
- −$1,515/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$2,532/mo above the estimate
$365,200 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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