3939 Illinois St

3939 Illinois St #4D

D

San Diego, CA 92104

$723,000
NEW — 0d on market

Soft Appraisal Value: $722,800 · 0.0% above estimate

Beds

2

Baths

2

Sqft

1,114

Year Built

1976

Days on Market

0

Property Type

Condo

HOA/mo

$569

MLS ID

260007381SD

View on MLS

Description

Your own quiet corner in the heart of North Park. Perched on a coveted top-floor corner, this rarely available 2-bed, 2-bath residence showcases sweeping, unobstructed views that stretch endlessly across the horizon — with even a subtle peek of the ocean on clear days. Expansive windows flood the generous floor plan with natural light, while a fresh modern palette and upgraded lighting elevate the space. A private patio extends the living area outdoors, pairing panoramic sunsets with a front-row seat to the neighborhood’s vibrant energy. Just steps from the vibrant core of North Park, enjoy acclaimed restaurants, craft cocktail bars and breweries, independent shops, and neighborhood events. Practical perks include underground parking, a dedicated storage cabinet, and in-unit laundry — rare conveniences in this sought-after urban setting. Major freeways are minutes away, offering easy access to downtown, beaches, and beyond. Set within a boutique 30-unit building, the residence feels tucked away and serene. Thoughtful design and minimal shared walls create a rare sense of privacy — a quiet retreat above the neighborhood below. The building is nearing completion of a comprehensive exterior refresh, positioning it as one of North Park’s standout residential communities.

Mortgage Calculator

Est. Monthly Payment

$5,159

Principal & Interest$3,656
Property Tax$723
Insurance$211
HOA$569
%($144,600)
%

Investment Score

4D
Est. Monthly Rent
$3,831
Monthly Cashflow

Rent − PITI − HOA

$-1,328
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,812

Mortgage (P+I)
$3,656
Cap Rate
1.40%
Cash-on-Cash
-23.33%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$7,482

NOI (Annual)
$10,132
Price-to-Rent

Lower = better for investors

15.7

* 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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