3950 Cleveland #208
Atop 10%San Diego, CA 92103
129 licensed short-term rentals within ½ mile (95 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 29-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: -$1,279/mo full cashflow at 20% down, 7.36% rate.
Works at $132,609 (56% under asking), or at 82% down.
Rent $1,875/mo from 2 leases in this building ($1,863–$1,888).
Beds
Studio
Baths
1
Sqft
366
Year Built
1987
Days on Market
46
Property Type
Condo
HOA/mo
$430
MLS ID
260023525SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
Spacious studio with a private patio in Hillcrest! Rarely available, this affordable second-floor property is situated in a quiet, well-maintained community near shopping, restaurants, the Trolley, Downtown San Diego & beaches. The property features secure entry, gated underground assigned parking, additional storage, laundry facilities and inviting common areas. Centrally located for both comfort and convenience, this is a great opportunity to experience and enjoy the best of Uptown living.
Mortgage Calculator
Est. Monthly Payment
$2,473
Location
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Zoned Schools
Elementary
Birney Elementary · grades K-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
4 comps foundThis Property
$1,875
Comp Average
$2,199
2850 Reynard Way
1bd / 1ba · 548 sqft · Condo
$299K
Est. $2,298/mo
4057 Brant St
1bd / 1ba · 469 sqft · Condo
$416K
Est. $2,319/mo
4180 Cleveland Avenue
1bd / 1ba · 520 sqft · Condo
$380K
Est. $2,076/mo
3620 Park Blvd.
1bd / 1ba · 503 sqft · Condo
$455K
Est. $2,102/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
2 leases in this building · $1,863–$1,888
Thin data: only 2 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,279/mo short at 20% down; 82% down or +$1,662/mo rent closes it.
- Break-even price
- $132,609
- Break-even rent
- $3,537/mo
- Cashflow at 35% down
- −$969/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
56% under asking
$1,662/mo above the estimate
$246,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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