3935 32nd Street #5
Btop 30%San Diego, CA 92104
One license per person in San Diego: whether you can hold it depends on you, not only the home.
100 licensed short-term rentals within ½ mile (70 whole home), from the cities' license and permit lists of Nov 6, 2026.
1 short-term rental license on file in this 7-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$2,364/mo full cashflow at 20% down, 7.43% rate.
Works at $267,205 (54% under asking), or at 80% down.
Rent $3,103/mo from 11 leases of 2-bed condos & townhomes within 0.5 mi ($2,881–$3,098).
Beds
2
Baths
2
Sqft
752
Year Built
1990
Days on Market
2
Property Type
Condo
HOA/mo
$337
MLS ID
PTP2608174
This property is in San Diego (92104). View neighborhood stats →
About This Property
Enjoy modern urban living in the heart of North Park! This move-in-ready, furnished 2-bedroom, 2-bathroom condo features updated finishes, a private balcony, and a 1-car garage that provides parking convenience and additional parking space. Ideally situated in one of San Diego’s most desirable neighborhoods, enjoy easy access to local restaurants, coffee shops, and shopping. A great opportunity to enjoy the vibrant North Park lifestyle with comfort, convenience, and everything San Diego has to offer right at your doorstep! Whether you’re looking for your first home, room to grow, or a convenient urban lifestyle, this is an opportunity you won’t want to miss!
Mortgage Calculator
Est. Monthly Payment
$4,274
Location
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Zoned Schools
Elementary
Jefferson 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
$3,103
Comp Average
$2,910
4034 Florida Street
2bd / 2ba · 828 sqft · Condo
$525K
Est. $3,088/mo
4164 Cherokee Avenue
2bd / 1.5ba · 806 sqft · Condo
$500K
Est. $2,642/mo
3960 Arizona Street
2bd / 2ba · 840 sqft · Condo
$575K
Est. $2,807/mo
3939 Illinois
1bd / 1.5ba · 816 sqft · Condo
$570K
Est. $2,908/mo
3727 Herman Ave
2bd / 2ba · 856 sqft · Condo
$640K
Est. $3,107/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
11 leases of 2-bed condos & townhomes within 0.5 mi · $2,881–$3,098
Blended 50/50 with the zip's market median ($3,264)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,364/mo short at 20% down; 80% down or +$3,070/mo rent closes it.
- Break-even price
- $267,205
- Break-even rent
- $6,173/mo
- Cashflow at 35% down
- −$1,765/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$3,070/mo above the estimate
$460,000 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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