3687 4th Avenue #201
Btop 30%San Diego, CA 92103
119 licensed short-term rentals within ½ mile (86 whole home), from the cities' license and permit lists of Nov 4, 2026.
No unit in this 63-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: -$2,741/mo full cashflow at 20% down, 7.49% rate.
Works at $224,571 (61% under asking), or at 88% down.
Rent $3,500/mo from 9 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($3,201–$4,846).
Beds
2
Baths
2
Sqft
1,022
Year Built
2007
Days on Market
235
Property Type
Condo
HOA/mo
$962.46
MLS ID
260006042SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
HUGE price reductionand a screaming deal! Let's open escrow! Enjoy breathtaking sunset views from this beautifully upgraded, light-filled space. Features: Two separate patios perfect for enjoying sunsets and unwinding. Hardwood floors, granite counters, and stainless steel appliances in the kitchen. Full-size laundry for added convenience. Beautiful HOA amenities including pool, fitness center, and spa. Two assigned parking spaces. Great location with easy access to Mission Hills and Hillcrest attractions. Don't miss out on this opportunity to call Atlas in Hillcrest your new home!
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Est. Monthly Payment
$4,953
Location
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Zoned Schools
Elementary
Florence Elementary · grades PK-5 · San Diego Unified
Middle
Roosevelt International Middle · grades 6-8 · San Diego Unified
High
San Diego 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
$3,500
Comp Average
$3,294
3963 Eagle St
2bd / 2ba · 965 sqft · Condo
$665K
Est. $3,310/mo
917 Torrance Street
2bd / 2ba · 1,052 sqft · Condo
$639K
Est. $3,197/mo
1270 Cleveland Ave
2bd / 2ba · 949 sqft · Condo
$599K
Est. $2,975/mo
3825 Centre Street
2bd / 2ba · 1,006 sqft · Condo
$699K
Est. $3,313/mo
3650 5th Avenue
2bd / 2ba · 1,055 sqft · Condo
$700K
Est. $3,676/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $3,201–$4,846
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,741/mo short at 20% down; 88% down or +$3,560/mo rent closes it.
- Break-even price
- $224,571
- Break-even rent
- $7,060/mo
- Cashflow at 35% down
- −$2,133/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$3,560/mo above the estimate
$510,400 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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