3984 Illinois Street
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3984 Illinois Street #1

D

San Diego, CA 92104

$624,995
NEW — 0d on market

Beds

2

Baths

2

Sqft

837

Year Built

1982

Days on Market

0

Property Type

Condo

HOA/mo

$522

MLS ID

260008274SD

This property is in San Diego (92104). View neighborhood stats →

View on MLS

About This Property

Ground-floor, single-level 2-bedroom, 2-bathroom condo located in a well-maintained, gated 8-unit community in the highly desirable North Park/University Heights area. This move-in ready residence offers exceptional accessibility with no stairs and features two private outdoor patios, ideal for indoor-outdoor living and entertaining. The functional floor plan includes two generously sized bedrooms, each with ample closet space—including a walk-in closet in the primary suite—and two full bathrooms with tub and shower configurations. The unit is thoughtfully designed for comfort and convenience, making it suitable for both owner-occupants and investors. Situated within walking distance to a vibrant mix of restaurants, cafes, bars, and local shops, the property provides immediate access to some of the most popular amenities in North Park and University Heights. Residents benefit from low homeowner association fees in a well-kept, secure community. An excellent opportunity to own a centrally located, turnkey condo offering both lifestyle and long-term value in one of San Diego’s most sought-after neighborhoods. Brand New HVAC System instaled April 2026

Mortgage Calculator

Est. Monthly Payment

$4,490

Principal & Interest$3,160
Property Tax$625
Insurance$182
HOA$522
%($124,999)
%

Location

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Investment Score

2D
Est. Monthly Rent
$2,784
Monthly Cashflow

Rent − PITIA

$-1,705
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,866

Mortgage (P+I)
$3,160
Cap Rate
0.56%
Cash-on-Cash
-27.52%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$6,507

NOI (Annual)
$3,526
Price-to-Rent

Lower = better for investors

18.7

* 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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