3938 Arizona Street
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3938 Arizona Street #8

B

San Diego, CA 92104

$582,000
NEW — 3d

Soft Appraisal Value: $573,000 · 1.6% above estimate

Beds

2

Baths

2

Sqft

754

Year Built

1987

Days on Market

3

Property Type

Condo

HOA/mo

$268

MLS ID

NDP2605972

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

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About This Property

Low HOA! Two assigned parking spots! Enjoy the best of urban living from this light-filled second-floor corner unit, ideally situated in the heart of North Park. Set within a gated 16-unit community, this home offers the perfect combination of privacy, comfort, and convenience. Natural light fills the home through upgraded windows, while the corner location provides excellent cross ventilation for year-round comfort. The interior features laminate flooring with tile in the kitchen and bathrooms, fresh interior paint, and a cozy fireplace. The kitchen is appointed with granite countertops, a stylish backsplash, and a wine refrigerator. Additional highlights include a newer wall-mounted smart wifi air conditioning unit, convenient attic storage, and two assigned parking spaces, a rare and valuable feature in North Park. Residents also enjoy access to two community laundry rooms and a pet-friendly community. One of the greatest advantages of this home is its unbeatable location. Walk to the restaurants, coffee shops, breweries, boutiques, and nightlife that make North Park one of San Diego's most vibrant neighborhoods. You'll also enjoy easy access to Balboa Park, Hillcrest, University Heights, and Normal Heights, with convenient freeway access to the 8, 805, and 163, making commuting throughout San Diego a breeze. Whether you're looking for your first home, a low-maintenance lifestyle, or an investment in one of San Diego's most sought-after neighborhoods, this North Park gem is ready to welcome you home.

Mortgage Calculator

Est. Monthly Payment

$3,963

Principal & Interest$2,943
Property Tax$582
Insurance$170
HOA$268
%($116,400)
%

Location

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Investment Score

38C
Est. Monthly Rent
$2,694
Monthly Cashflow

Rent − PITIA

$-1,269
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,374

Mortgage (P+I)
$2,943
Cap Rate
1.17%
Cash-on-Cash
-24.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$5,777

NOI (Annual)
$6,833
Price-to-Rent

Lower = better for investors

18.0

* 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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