3776 Alabama St #C114
Atop 10%San Diego, CA 92104
130 licensed short-term rentals within ½ mile (90 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 75-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: -$1,525/mo full cashflow at 20% down, 7.36% rate.
Works at $150,438 (57% under asking), or at 84% down.
Rent $2,103/mo from 1 lease in this building (±1 bed).
Beds
2
Baths
2
Sqft
582
Year Built
1981
Days on Market
1
Property Type
Condo
HOA/mo
$469.51
MLS ID
260026819SD
This property is in San Diego (92104). View neighborhood stats →
About This Property
Welcome to Villa Sao Miguel, a vibrant 55+ community in the heart of North Park! This RARELY available 2-Bedroom| 2-Bath unit has been beautifully remodeled with an updated kitchen, new lighting & ceiling fans, new carpets in the bedrooms, and designer paint throughout. The large primary suite includes an ensuite bath with walk-in tub. The unit comes with a private storage closet in the hallway, PLUS a storage locker, and sits on the ground floor, close to parking. The community offers a billiard room, gym, craft room, library and bike storage and is conveniently located near everything North Park has to offer.
Mortgage Calculator
Est. Monthly Payment
$2,853
Location
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Zoned Schools
Elementary
Jefferson 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
$2,103
Comp Average
$2,334
3951 Idaho St.
1bd / 1ba · 558 sqft · Condo
$354K
Est. $2,378/mo
3976 Iowa Street
1bd / 1ba · 600 sqft · Condo
$399K
Est. $2,471/mo
4225 Florida
1bd / 1ba · 622 sqft · Condo
$399K
Est. $2,323/mo
San Diego
1bd / 1ba · 598 sqft · Condo
$360K
Est. $2,020/mo
2828 University Ave
1bd / 1ba · 582 sqft · Condo
$409K
Est. $2,478/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building (±1 bed)
Thin data: only 1 lease behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,525/mo short at 20% down; 84% down or +$1,980/mo rent closes it.
- Break-even price
- $150,438
- Break-even rent
- $4,083/mo
- Cashflow at 35% down
- −$1,163/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$1,980/mo above the estimate
$294,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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