3796 Alabama Street
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3796 Alabama Street #321

B

San Diego, CA 92104

$273,000

Soft Appraisal Value: $270,600 · 0.9% above estimate

Beds

1

Baths

1

Sqft

378

Year Built

1981

Days on Market

90

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

Nestled in the heart of North Park’s beloved 55+ community, Villa Sao Miguel offers the perfect blend of comfort, convenience, and vibrant urban living. This beautifully updated top-floor corner residence provides rare privacy with only one shared wall and no neighbors above, creating a peaceful retreat just moments from everything North Park has to offer. Inside, the thoughtfully designed open-concept layout feels bright, airy, and surprisingly spacious. The remodeled kitchen features modern cabinetry, sleek finishes, and a stylish breakfast bar that flows seamlessly into the living area, making the home ideal for both quiet mornings and casual entertaining. A clever pocket door separates the bedroom from the living space, offering flexibility and added privacy when desired. The updated bathroom has been tastefully renovated with contemporary tile, upgraded fixtures, and a spacious walk-in shower complete with safety grab bars for comfort and ease. Additional highlights include wood-style laminate flooring throughout, elevator access, and the convenience of a low-maintenance lifestyle in a welcoming senior community. Residents of Villa Sao Miguel enjoy an array of amenities designed for connection and relaxation, including: • Fitness room • Library and craft room • Billiards room • Community gathering spaces • Multiple indoor and outdoor seating areas • Community laundry facilities • Elevator access throughout the building Located directly on the bus line and just minutes from Balboa Park, this home places you close to renowned dining, charming cafés, local boutiques, grocery stores, and the energetic culture that makes North Park one of San Diego’s most desirable neighborhoods. Whether you’re seeking simplicity, community, or the perfect San Diego lifestyle, this inviting residence delivers it all in one charming package.

Mortgage Calculator

Est. Monthly Payment

$2,136

Principal & Interest$1,380
Property Tax$273
Insurance$80
HOA$403
%($54,600)
%

Location

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Investment Score

49B
Est. Monthly Rent
$1,589
Monthly Cashflow

Rent − PITIA

$-547
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,140

Mortgage (P+I)
$1,380
Cap Rate
1.06%
Cash-on-Cash
-25.06%
DSCR

Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$3,070

NOI (Annual)
$2,880
Price-to-Rent

Lower = better for investors

14.3

* 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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