3738 33rd St #4
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3738 33rd St #4

Btop 30%

San Diego, CA 92104

$465,000
STR: check · no permits in this complex · TOT 12.75%

118 licensed short-term rentals within ½ mile (85 whole home), from the cities' license and permit lists of Nov 2, 2026.

No unit in this 7-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: -$2,106/mo full cashflow at 20% down, 7.49% rate.

Works at $192,001 (59% under asking), or at 85% down.

Rent $2,235/mo from 15 leases of studio–2 bed condos & townhomes within 0.5 mi ($1,997–$2,600).

Beds

1

Baths

1

Sqft

551

Year Built

1983

Days on Market

42

Property Type

Condo

HOA/mo

$240

MLS ID

260023011SD

This property is in San Diego (92104). View neighborhood stats →

Virtual Tour

About This Property

This is it! North Park Beauty... I've got your perfect, a true Dream Home in the Heart of North Park close to all Restaurants, Shops, Nightlife & Entertainment... this Beautiful home is turn key ready. Walk into a Gorgeous Remodeled Kitchen with Quartz Countertop, Beautiful Kitchen Cabinets, Stainless Appliances, Skylight in the Kitchen, Recessed Lighting, Mini-split System, Renovated Beautiful Bathroom, LVP flooring throughout, upgraded Windows & Slider Door. 2 Parking Spots and low HOA. It's everything you're looking for... All of this can be your Dream Home! This is it! North Park Beauty... I've got your perfect, a true Dream Home in the Heart of North Park close to all Restaurants, Shops, Nightlife & Entertainment... this Beautiful home is turn key ready. Walk into a Gorgeous Remodeled Kitchen with Quartz Countertop, Beautiful Kitchen Cabinets, Stainless Appliances, Skylight in the Kitchen, Recessed Lighting, Mini-split System, Renovated Beautiful Bathroom, LVP flooring throughout, upgraded Windows & Slider Door. 2 Parking Spots and low HOA. It's everything you're looking for... All of this can be your Dream Home!

Mortgage Calculator

Est. Monthly Payment

$3,439

Principal & Interest$2,599
Property Tax$465
Insurance$136
HOA$240
%($93,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    McKinley Elementary · grades K-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

45B
Est. Monthly Rent
$2,235

15 leases of studio–2 bed condos & townhomes within 0.5 mi · $1,997–$2,600

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,205
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,106

What would make this work?

$2,106/mo short at 20% down; 85% down or +$2,735/mo rent closes it.

Break-even price

59% under asking

$192,001
Break-even rent

$2,735/mo above the estimate

$4,970/mo
Cashflow at 35% down
−$1,619/mo
Down payment to break even

$395,250 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,599
Cap Rate
1.56%
Cash-on-Cash
-27.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$7,250
Price-to-Rent

Lower = better for investors

17.3

* 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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BCashflow−$2,106/mo