3815 3rd
Btop 30%San Diego, CA 92103
113 licensed short-term rentals within ½ mile (82 whole home), from the cities' license and permit lists of Nov 10, 2026.
No unit in this 18-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$2,103/mo full cashflow at 20% down, 7.43% rate.
Works at $196,239 (58% under asking), or at 85% down.
Rent $2,548/mo from 18 leases of 1-bed condos & townhomes within 0.5 mi ($2,236–$3,178).
Beds
1
Baths
1
Sqft
638
Year Built
1969
Days on Market
0
Property Type
Condo
HOA/mo
$455
MLS ID
260026729SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
Close to UCSD Hillcrest Hospital. Steps away from Hillcrest's best restaurants, bars, and cafes. The iconic Balboa Park is a short walk. And the Beach is only a 15min drive. Upgraded throughout and is filled with natural light. The crowning feature is the oversized and private patio. You'll have 1 dedicated parking space and the most convenient access to the community laundry in the building. If you want to have laundry within, a Washer and Dryer are allowed to be installed in the home as well!
Mortgage Calculator
Est. Monthly Payment
$3,673
Location
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Zoned Schools
Elementary
Florence Elementary · grades PK-5 · San Diego Unified
Middle
Roosevelt International Middle · grades 6-8 · San Diego Unified
High
San Diego High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$2,548
Comp Average
$2,522
3688 1st Ave
1bd / 1ba · 609 sqft · Condo
$450K
Est. $2,615/mo
4290 5th
1bd / 1ba · 670 sqft · Condo
$400K
Est. $2,585/mo
3980 8th
1bd / 1ba · 641 sqft · Condo
$429K
Est. $2,464/mo
3980 8th
1bd / 1ba · 641 sqft · Condo
$475K
Est. $2,464/mo
3907 Georgia
1bd / 1ba · 657 sqft · Condo
$465K
Est. $2,481/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
18 leases of 1-bed condos & townhomes within 0.5 mi · $2,236–$3,178
Blended 50/50 with the zip's market median ($2,340)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,103/mo short at 20% down; 85% down or +$2,731/mo rent closes it.
- Break-even price
- $196,239
- Break-even rent
- $5,279/mo
- Cashflow at 35% down
- −$1,613/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$2,731/mo above the estimate
$399,500 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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