3960 Arizona Street #8
Btop 30%San Diego, CA 92104
126 licensed short-term rentals within ½ mile (83 whole home), from the cities' license and permit lists of Nov 1, 2026.
No unit in this 8-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: -$2,591/mo full cashflow at 20% down, 7.49% rate.
Works at $239,095 (58% under asking), or at 85% down.
Rent $2,798/mo from 12 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area ($2,687–$3,142).
Beds
2
Baths
2
Sqft
840
Year Built
1980
Days on Market
44
Property Type
Condo
HOA/mo
$310
MLS ID
260022735SD
This property is in San Diego (92104). View neighborhood stats →
About This Property
Beautifully remodeled 2 bedroom 2 bathroom condo in the heart of North Park. Home features brand new mini split systems, new cabinets, new countertops, new appliances, new bathrooms, and new flooring throughout. You must see this unit in person to appreciate the attention to detail. Low HOA in gated complex. Move in ready and super convenient, walking distance to everything.
Mortgage Calculator
Est. Monthly Payment
$4,266
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
$2,798
Comp Average
$2,892
4034 Florida Street
2bd / 2ba · 828 sqft · Condo
$525K
Est. $3,088/mo
4180 Louisiana St
2bd / 2ba · 840 sqft · Condo
$455K
Est. $2,722/mo
4164 Cherokee Avenue
2bd / 1.5ba · 806 sqft · Condo
$500K
Est. $2,642/mo
3939 Illinois
1bd / 1.5ba · 816 sqft · Condo
$570K
Est. $2,908/mo
3727 Herman Ave
2bd / 2ba · 856 sqft · Condo
$640K
Est. $3,099/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area · $2,687–$3,142
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,591/mo short at 20% down; 85% down or +$3,365/mo rent closes it.
- Break-even price
- $239,095
- Break-even rent
- $6,163/mo
- Cashflow at 35% down
- −$1,988/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
58% under asking
$3,365/mo above the estimate
$488,750 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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