3870 37th St #7
Atop 10%San Diego, CA 92105
70 licensed short-term rentals within ½ mile (48 whole home), from the cities' license and permit lists of Nov 1, 2026.
No unit in this 8-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: -$1,801/mo full cashflow at 20% down, 7.49% rate.
Works at $211,528 (52% under asking), or at 78% down.
Rent $2,431/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,313–$2,461).
Beds
2
Baths
1
Sqft
782
Year Built
1980
Days on Market
44
Property Type
Condo
HOA/mo
$240
MLS ID
260022639SD
This property is in San Diego (92105). View neighborhood stats →
About This Property
Move-in ready 2 bed, 1 bath condo with a private 1-car GARAGE plus an additional assigned parking space. Seller offering buyer finance credit. The updated interior is bright and clean, with abundant natural light and a functional layout throughout. The building has been thoroughly updated and offers gated, secure access to the units, plus a code-access shared laundry room that's well maintained. A low-maintenance, turnkey option in central San Diego, close to shops, dining, and major freeways.
Mortgage Calculator
Est. Monthly Payment
$3,302
Location
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Zoned Schools
Elementary
Cherokee Point Elementary · grades PK-5 · San Diego Unified
Middle
Wilson Middle · grades 6-8 · San Diego Unified
High
Hoover 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
$2,431
Comp Average
$2,327
1845 Bayview Heights Drive
2bd / 1ba · 753 sqft · Condo
$410K
Est. $2,515/mo
3215 44th Street
2bd / 1ba · 770 sqft · Condo
$375K
Est. $2,246/mo
3215 44th Street
2bd / 1ba · 770 sqft · Condo
$380K
Est. $2,246/mo
3215 44th Street
2bd / 1ba · 770 sqft · Condo
$420K
Est. $2,246/mo
1679 Pentecost Way
2bd / 1ba · 813 sqft · Condo
$420K
Est. $2,381/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,313–$2,461
Blended 50/50 with the zip's market median ($2,495)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,801/mo short at 20% down; 78% down or +$2,339/mo rent closes it.
- Break-even price
- $211,528
- Break-even rent
- $4,770/mo
- Cashflow at 35% down
- −$1,334/mo
- Down payment to break even
- 78%
- Rate to break even
- Not reachable
52% under asking
$2,339/mo above the estimate
$347,100 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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