3796 Alabama
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3796 Alabama #004

A

San Diego, CA 92104

$249,000
NEW — 0d

Beds

1

Baths

1

Sqft

378

Year Built

1981

Days on Market

0

Property Type

Condo

HOA/mo

$403

MLS ID

OC26137376

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

About This Property

Villa Sao Miguel offers a cozy, quiet 1-bedroom, 1-bath, 378 sq. ft. first-floor, street-level unit with no stairs. It’s in a prime spot on the western edge of North Park, close to Hillcrest, Balboa Park’s Morley Field, charming historic neighborhoods, great shopping, dining, and recreation. Morley Field, just blocks away, has swimming and tennis, with easy access to Balboa Park via Alabama Street. Residents must be 55+, but buyers can be any age. The complex boasts amenities like billiards, a craft room, library, fitness room, and laundry facilities—all conveniently on the same floor as this condo. Each unit includes storage space and access to gated, unassigned off-street parking on a first-come basis. The community also has elevator access and plenty of peaceful indoor and outdoor seating areas. The $403/month HOA fee covers water, trash, sewer, common area upkeep, landscaping, building maintenance, limited insurance, and pest control. A single Murphy bed set up in the living room for sleeping options. This condo is priced to sell as it just needs a bit of TLC.

Mortgage Calculator

Est. Monthly Payment

$1,984

Principal & Interest$1,259
Property Tax$249
Insurance$73
HOA$403
%($49,800)
%

Location

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Investment Score

57B
Est. Monthly Rent
$1,613
Monthly Cashflow

Rent − PITIA

$-371
Full Cashflow

Incl. vacancy, PM, maint, capex

$-950

Mortgage (P+I)
$1,259
Cap Rate
1.49%
Cash-on-Cash
-22.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.81
Break-even Rent
$2,846

NOI (Annual)
$3,714
Price-to-Rent

Lower = better for investors

12.9

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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