3796 Alabama Street

3796 Alabama Street

D

San Diego, CA 92104

$324,000
NEW — 0d on market

Beds

1

Baths

1

Sqft

378

Year Built

1981

Days on Market

0

Property Type

Condo

HOA/mo

$403

MLS ID

PTP2601898

Description

Charming Updated 1-Bedroom Condo in 55+ Villa Sao Miguel – North Park (92104) Welcome to Villa Sao Miguel, a well-maintained 55+ senior community in the heart of vibrant North Park! This top-floor interior corner unit offers extra privacy with only one shared wall and no neighbors above. This 378 sq. ft. one-bedroom, one-bath condo has been thoughtfully updated and features a bright open-concept layout that maximizes the space beautifully. The updated kitchen includes modern cabinetry and a stylish breakfast bar that opens into the living area, creating a comfortable flow perfect for everyday living or entertaining. The living room and bedroom are separated by a convenient pocket door, offering flexibility and privacy. The bathroom has been tastefully renovated with new tile, updated countertops, sink, toilet, and an excellent walk-in shower with safety handrails. Additional features include: • Wood-style laminate flooring throughout • Top-floor location with elevator access • Interior corner unit for added privacy • Updated kitchen and bathroom • Walk-in shower with safety rails Community Amenities Include: • Elevator access • Community laundry • Billiard room • Craft room • Library • Fitness room • Community room for events • Multiple indoor and outdoor seating areas The location is hard to beat. The community sits on the bus line and minutes from Balboa Park, with easy access to shopping, restaurants, coffee shops, and North Park’s vibrant neighborhood culture. Perfect for a buyer seeking low-maintenance living in a welcoming 55+ community close to everything San Diego has to offer.

Mortgage Calculator

Est. Monthly Payment

$2,460

Principal & Interest$1,638
Property Tax$324
Insurance$94
HOA$403
%($64,800)
%

Investment Score

16D
Est. Monthly Rent
$1,814
Monthly Cashflow

Rent − PITI − HOA

$-645
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,333

Mortgage (P+I)
$1,638
Cap Rate
1.13%
Cash-on-Cash
-11.95%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$2,459

NOI (Annual)
$3,669
Price-to-Rent

Lower = better for investors

14.9

* 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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