3796 Alabama Street
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3796 Alabama Street #321

C

San Diego, CA 92104

$305,000

Soft Appraisal Value: $256,200 · 19.0% above estimate

Beds

1

Baths

1

Sqft

378

Year Built

1981

Days on Market

43

Property Type

Condo

HOA/mo

$403

MLS ID

PTP2601898

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

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About This Property

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

$2,339

Principal & Interest$1,542
Property Tax$305
Insurance$89
HOA$403
%($61,000)
%

Location

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Investment Score

42C
Est. Monthly Rent
$1,557
Monthly Cashflow

Rent − PITIA

$-782
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,395

Mortgage (P+I)
$1,542
Cap Rate
0.58%
Cash-on-Cash
-27.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$3,368

NOI (Annual)
$1,773
Price-to-Rent

Lower = better for investors

16.3

* 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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