3712 3rd Ave #4

3712 3rd Ave #4

Ctop 80%

San Diego, CA 92103

$895,000
NEW — 1d
STR: check · no permits in this complex · TOT 12.75%

121 licensed short-term rentals within ½ mile (87 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 6-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: -$4,714/mo full cashflow at 20% down, 7.49% rate.

Works at $283,797 (68% under asking), or at 96% down.

Rent $3,486/mo from 12 leases of 2-bed condos & townhomes within 0.5 mi ($3,332–$4,155).

Beds

2

Baths

3

Sqft

1,173

Year Built

2001

Days on Market

1

Property Type

Townhouse

HOA/mo

$495

MLS ID

260026138SD

This property is in San Diego (92103). View neighborhood stats →

About This Property

Your Private Hillcrest Retreat Awaits! Enjoy the best of San Diego living in this inviting townhouse, ideally positioned near Hillcrest's eclectic dining, boutique shopping, and vibrant neighborhood scene. With Balboa Park, its renowned museums, and downtown San Diego all just minutes away, this residence puts the city's best attractions within easy reach while offering a comfortable place to unwind at the end of the day. Set within a charming six-home condominium community, this two-story residence pairs a practical layout with appealing modern features and a welcoming sense of privacy. The main floor is designed for gathering and entertaining, while the upstairs level is dedicated to two generously sized bedrooms, each with its own full bathroom. The living room makes an immediate impression with its soaring ceilings and gas fireplace, creating a space that feels both open and cozy with a convenient guest powder room. The dining area transitions into the kitchen where style meets function. An abundance of cabinetry, stainless-steel appliances, and plenty workspace give the kitchen a fresh, polished look. A gas range and spacious peninsula make meal preparation easy while keeping you connected with family and guests. Extend your living space outdoors through the kitchen to a private patio, perfect for enjoying a quiet breakfast, relaxing with a book, or unwinding after a busy day. Practicality continues with direct kitchen access to the private two-car tandem garage. Upstairs, both bedroom suites provide comfortable personal space, with room to accommodate a variety of furnishings and lifestyles. One bedroom opens onto a private balcony that captures abundant sunshine, a lovely spot to enjoy the changing light throughout the day. Thoughtful details throughout include air conditioning, ceiling fans, and side-by-side laundry conveniently located between the bedroom suites. The home's combination of private outdoor space, direct-access garage, and well-maintained surroundings makes it a standout opportunity for buyers seeking comfort and convenience without sacrificing location.

Mortgage Calculator

Est. Monthly Payment

$6,653

Principal & Interest$5,001
Property Tax$895
Insurance$261
HOA$495
%($179,000)
%
Loan Term

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.

Investment Score

9C
Est. Monthly Rent
$3,486

12 leases of 2-bed condos & townhomes within 0.5 mi · $3,332–$4,155

Blended 50/50 with the zip's market median ($3,473)

Monthly Cashflow

Rent − PITIA

-$3,166
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,714

What would make this work?

$4,714/mo short at 20% down; 96% down or +$6,122/mo rent closes it.

Break-even price

68% under asking

$283,797
Break-even rent

$6,122/mo above the estimate

$9,608/mo
Cashflow at 35% down
−$3,776/mo
Down payment to break even

$859,200 cash

96%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,001
Cap Rate
0.62%
Cash-on-Cash
-31.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.52

NOI (Annual)
$5,540
Price-to-Rent

Lower = better for investors

21.4

* 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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CCashflow−$4,714/mo