3796 Alabama Street
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3796 Alabama Street #218

A

San Diego, CA 92104

$245,000
NEW — 2d

Soft Appraisal Value: $249,700 · 1.9% below estimate

Beds

1

Baths

1

Sqft

378

Year Built

1981

Days on Market

2

Property Type

Condo

HOA/mo

$403

MLS ID

PTP2605214

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

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About This Property

Welcome to Villa Sao Miguel, a welcoming 55+ senior community in the heart of the highly desirable North Park neighborhood! This charming 1-bedroom, 1-bath condominium offers 387 square feet of thoughtfully designed living space and is ideally situated on the second floor, providing added privacy and an elevated outlook. Whether you're looking to downsize, enjoy a low-maintenance lifestyle, or find an affordable home in one of San Diego's most vibrant communities, this residence is full of opportunity. Residents of Villa Sao Miguel enjoy an array of community amenities, including: Fitness room Library Game room Billiard room Community meeting room Bicycle storage Community laundry facilities The location is hard to beat! Just minutes from neighborhood parks, grocery stores, restaurants, coffee shops, public transportation, and all the shopping and entertainment that make North Park one of San Diego's most sought-after communities. Don't miss this opportunity to own an affordable home in a well-maintained senior community that offers comfort, convenience, and an active lifestyle. Property Features: 1 Bedroom | 1 Bathroom 387 Sq. Ft. Second-floor location 55+ Senior Community Low-maintenance living Prime North Park location Close to shopping, dining, parks, and public transportation Perfect for those seeking simplicity, convenience, and a vibrant community to call home.

Mortgage Calculator

Est. Monthly Payment

$1,958

Principal & Interest$1,239
Property Tax$245
Insurance$71
HOA$403
%($49,000)
%

Location

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Investment Score

57B
Est. Monthly Rent
$1,593
Monthly Cashflow

Rent − PITIA

$-365
Full Cashflow

Incl. vacancy, PM, maint, capex

$-935

Mortgage (P+I)
$1,239
Cap Rate
1.49%
Cash-on-Cash
-22.91%
DSCR

Need ≥ 1.25 for DSCR loan

0.81
Break-even Rent
$2,808

NOI (Annual)
$3,641
Price-to-Rent

Lower = better for investors

12.8

* 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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