
3535 Madison #233
Btop 30%San Diego, CA 92116
109 licensed short-term rentals within ½ mile (59 whole home), from the cities' license and permit lists of Nov 11, 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: -$1,964/mo full cashflow at 20% down, 7.43% rate.
Works at $163,221 (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
105
Property Type
Condo
HOA/mo
$517
MLS ID
260018383SD
This property is in San Diego (92116). View neighborhood stats →
About This Property
Move-in ready, and beautifully maintained, this top-floor 1 bed, 1 bath condo offers a bright, quiet retreat with modern finishes throughout. You'll have a spacious private front patio with storage closet, and a back patio overlooking the pool that connects to a common area walk-way. Due to its favorable location, it has only one partially shared wall and a unit below. You're just steps from the vibrant dining, coffee shops, and boutique shopping that make Normal Heights and University Heights so sought-after — with North Park's acclaimed restaurant and craft beer scene only minutes away. The building offers resort-style amenities including a community pool, hot tub, and fitness center, all set within a well-kept gated community. Easy access to public transportation makes commuting or exploring the city simple, whether you're heading downtown, to Balboa Park, or the coast. Clean, modern, and move-in ready — this is easy San Diego living in one of the city's most accessible, food-loving neighborhoods.
Mortgage Calculator
Est. Monthly Payment
$3,386
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
$2,222

4747 Hamilton St
1bd / 1ba · 548 sqft · Condo
$395K
Est. $2,139/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
3476 Monroe Ave
1bd / 1ba · 576 sqft · Condo
$450K
Est. $2,281/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?
$1,964/mo short at 20% down; 88% down or +$2,551/mo rent closes it.
- Break-even price
- $163,221
- Break-even rent
- $4,851/mo
- Cashflow at 35% down
- −$1,527/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$2,551/mo above the estimate
$368,720 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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