
3781 Alabama St
Ctop 80%San Diego, CA 92104
Pass at asking: -$7,343/mo full cashflow at 20% down, 7.43% rate.
Works at $441,909 (68% under asking), or at 96% down.
Rent $4,408/mo from 12 leases of 2–4 bed houses within 0.5 mi ($3,612–$4,209).
Beds
3
Baths
2
Sqft
1,114
Year Built
1923
Days on Market
—
Property Type
Single Family
HOA/mo
N/A
MLS ID
260026724SD
This property is in San Diego (92104). View neighborhood stats →
About This Property
Welcome home to this beautifully remodeled North Park residence, where classic charm meets modern design and everyday comfort. Extensively renovated within the last three years, this inviting home features an open-concept layout, abundant natural light, updated windows, beautiful wood-look flooring, recessed lighting, and central heating and air conditioning. The stunning kitchen showcases quartz countertops, a waterfall-edge peninsula with bar seating, natural wood cabinetry, glossy white upper cabinets, brushed gold hardware, stainless-steel appliances, a farmhouse sink, and stylish tile backsplash. The spacious living and dining areas flow seamlessly together, complemented by a charming fireplace with built-in shelving. Beautifully updated bathrooms feature contemporary vanities, elegant fixtures, and custom tilework, while an in-home stacked washer and dryer adds convenience. Outside, enjoy spacious front and backyards with room to entertain, garden, or relax. The front landscaping is being upgraded with decorative rock and drought-tolerant foliage for a fresh, low-maintenance appearance. A large detached storage shed provides additional space, while the expansive tandem driveway accommodates approximately four to five vehicles. Ideally located in North Park near Balboa Park, Morley Field, the San Diego Zoo, restaurants, coffee shops, and neighborhood boutiques. With convenient access to downtown San Diego, major freeways, and nearby beaches, this beautifully updated property offers an exceptional combination of style, comfort, outdoor space, and location. 3781 Alabama Street offers an extensive collection of modern improvements and functional features. The property underwent a comprehensive remodel within the last three years, including updated kitchen and bathroom finishes, contemporary cabinetry, quartz surfaces, modern fixtures, and refreshed interior living spaces. Windows were replaced within approximately the last five years, and the home features central heating and air conditioning for year-round comfort. The kitchen includes stainless-steel appliances, a gas range, built-in microwave, dishwasher, farmhouse-style sink, waterfall-edge countertop, and bar seating. Additional interior features include recessed lighting, a fireplace with built-in shelving, updated flooring, and an in-home stacked washer and dryer. The property offers generous outdoor space with spacious front and rear yards. Front landscaping improvements are currently underway and are planned to include decorative rock and drought-tolerant plantings. A large detached storage shed offers additional storage flexibility, while the extended tandem driveway provides off-street parking for approximately four to five vehicles. Located in the desirable North Park neighborhood of San Diego, the property enjoys convenient proximity to Balboa Park, Morley Field, neighborhood dining and retail, downtown San Diego, and major transportation corridors. The combination of recent improvements, generous parking, outdoor space, and updated interior finishes makes this property particularly distinctive.
Mortgage Calculator
Est. Monthly Payment
$9,572
Location
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Comparable Properties
5 comps foundThis Property
$4,408
Comp Average
$3,965
3612 Polk Ave
3bd / 1ba · 900 sqft · Single Family
$849K
Est. $3,220/mo
3927 Bancroft Street
3bd / 2ba · 1,250 sqft · Single Family
$1.10M
Est. $4,244/mo

3667 Arizona Street
3bd / 2ba · 1,400 sqft · Single Family
$1.35M
Est. $4,596/mo
3549 Redwood St
2bd / 2ba · 1,092 sqft · Single Family
$1.23M
Est. $3,877/mo
2164 Boundary Street
3bd / 2ba · 1,174 sqft · Single Family
$1.30M
Est. $3,886/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 2–4 bed houses within 0.5 mi · $3,612–$4,209
Blended 50/50 with the zip's market median ($4,996)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,343/mo short at 20% down; 96% down or +$9,537/mo rent closes it.
- Break-even price
- $441,909
- Break-even rent
- $13,945/mo
- Cashflow at 35% down
- −$5,887/mo
- Down payment to break even
- 96%
- Rate to break even
- Not reachable
68% under asking
$9,537/mo above the estimate
$1,342,080 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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