3980 8th #115
Atop 10%San Diego, CA 92103
120 licensed short-term rentals within ½ mile (86 whole home), from the cities' license and permit lists of Nov 9, 2026.
No unit in this 60-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: -$1,813/mo full cashflow at 20% down, 7.43% rate.
Works at $192,763 (55% under asking), or at 81% down.
Rent $2,464/mo from 8 leases of 1-bed condos & townhomes within 0.5 mi, same school area ($2,269–$3,131).
Beds
1
Baths
1
Sqft
641
Year Built
1972
Days on Market
48
Property Type
Condo
HOA/mo
$417
MLS ID
260023214SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
Location, location, location! If you love being close to everything with prime walkability, while still having a comfortable space to come home to...this stylishly updated one-bedroom unit is a vibe and worth a look. The location makes everyday life easy, with restaurants, nightlife, coffee, shopping, and plenty of things to do all within easy reach. Inside, you’ll find a bright, updated space with no carpet, stainless steel kitchen appliances, a large walk in pantry, and plenty of storage throughout the home. The bedroom has two closets, so there’s actually room for your things, along with a great linen closet for those extra essentials. The bathroom features a dual-sink vanity with granite countertops, while the fireplace gives the living space a cozy focal point and makes the room feel especially inviting. Enjoy your own private patio, plus access to the community pool and workout room. You’ll also have dedicated parking, and water is included with the HOA. This could be the perfect place to call home.
Mortgage Calculator
Est. Monthly Payment
$3,353
Location
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Zoned Schools
Elementary
Florence 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
$2,464
Comp Average
$2,434
3688 1st Ave
1bd / 1ba · 609 sqft · Condo
$450K
Est. $2,615/mo
4290 5th
1bd / 1ba · 670 sqft · Condo
$400K
Est. $2,585/mo
3980 8th
1bd / 1ba · 641 sqft · Condo
$475K
Est. $2,464/mo
3815 3rd 14
1bd / 1ba · 638 sqft · Condo
$470K
Est. $2,381/mo
1756 Essex St.
1bd / 1ba · 608 sqft · Condo
$440K
Est. $2,126/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1-bed condos & townhomes within 0.5 mi, same school area · $2,269–$3,131
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,813/mo short at 20% down; 81% down or +$2,355/mo rent closes it.
- Break-even price
- $192,763
- Break-even rent
- $4,819/mo
- Cashflow at 35% down
- −$1,366/mo
- Down payment to break even
- 81%
- Rate to break even
- Not reachable
55% under asking
$2,355/mo above the estimate
$347,328 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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