3950 Cleveland Avenue

3950 Cleveland Avenue #215

D

San Diego, CA 92103

$325,000
NEW — 3d on market

Beds

Baths

1

Sqft

366

Year Built

1987

Days on Market

3

Property Type

Condo

HOA/mo

$430

MLS ID

PTP2602469

Description

Experience the ultimate urban lifestyle in the heart of Hillcrest! Located at 3950 Cleveland Ave #215, you are steps away from a "Walker’s Paradise". Enjoy immediate proximity to The Hub shopping center, Trader Joe’s, and the renowned Sunday Farmers Market. This vibrant neighborhood offers an eclectic mix of award-winning dining on "Restaurant Row," trendy boutiques, and lively nightlife. Nature lovers will appreciate being minutes from the iconic Balboa Park and San Diego Zoo. Perfectly situated for easy commuting with quick access to HWY 163, I-5, and just a short drive to Downtown or the coast. Live where culture, convenience, and community meet! This charming, completely remodeled studio at 3950 Cleveland Ave offers modern living in an intimate 29-unit complex. The home features a private balcony, perfect for enjoying the San Diego breeze. Extra storage in garage for unit. While there is no in-unit laundry, the building provides a clean and convenient community laundry facility. A stylish, turn-key opportunity in a well-maintained community!

Mortgage Calculator

Est. Monthly Payment

$2,493

Principal & Interest$1,643
Property Tax$325
Insurance$95
HOA$430
%($65,000)
%

Investment Score

6D
Est. Monthly Rent
$2,113
Monthly Cashflow

Rent − PITIA

$-380
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,137

Mortgage (P+I)
$1,643
Cap Rate
1.87%
Cash-on-Cash
-20.99%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.85
Break-even Rent
$3,590

NOI (Annual)
$6,074
Price-to-Rent

Lower = better for investors

12.8

* 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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