4034 Florida Street #4
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4034 Florida Street #4

Atop 10%

San Diego, CA 92104

$525,000
STR: check · no permits in this complex · TOT 12.75%

113 licensed short-term rentals within ½ mile (81 whole home), from the cities' license and permit lists of Nov 2, 2026.

No unit in this 7-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: -$1,997/mo full cashflow at 20% down, 7.49% rate.

Works at $266,084 (49% under asking), or at 75% down.

Rent $3,088/mo from 9 leases of 2-bed condos & townhomes within 0.5 mi ($2,696–$3,061).

Beds

2

Baths

2

Sqft

828

Year Built

1988

Days on Market

45

Property Type

Condo

HOA/mo

$325

MLS ID

260022813SD

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

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About This Property

Discover refined urban living in one of San Diego’s most sought-after neighborhoods. This exceptional top-level, 2-bedroom, 2-bathroom condominium combines modern convenience with timeless charm. Positioned within an intimate, well-maintained, and secure 7-unit gated community, the property stands out for its impressive street presence and meticulous upkeep. The interior transitions seamlessly from an inviting entryway into a spacious living area, where soaring vaulted ceilings maximize natural light and elegant Brazilian walnut hardwood flooring adds immediate warmth. Rare for urban living, the home includes both a secure garage and a designated parking space. With a remarkably low monthly HOA dues structure ($325, inclusive of water, trash, and maintenance), this property offers incredible value. Experience the best of North Park’s celebrated culinary scene with renowned local landmarks like the Lafayette Hotel just a short stroll away. Welcome to this sophisticated upstairs condominium located in the heart of San Diego's vibrant North Park neighborhood. Featuring 2 bedrooms and 2 full bathrooms, this home offers exceptional walkability and bikeability, placing premier dining and shopping just steps away. Situated within a beautifully maintained, fully gated 7-unit boutique complex, the property boasts excellent curb appeal and security. Inside, the residence welcomes you with vaulted ceilings that create an open, airy ambiance, complemented by warm Brazilian walnut hardwwod flooring throughout. Practical amenities include a private garage plus one additional assigned parking space. The low monthly HOA fee of $325 covers water, trash, and common area maintenance. Enjoy an unparalleled lifestyle with iconic San Diego establishments, including the historic Lafayette Hotel, right at your doorstep.

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Est. Monthly Payment

$3,937

Principal & Interest$2,934
Property Tax$525
Insurance$153
HOA$325
%($105,000)
%
Loan Term

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.

Investment Score

56A
Est. Monthly Rent
$3,088

9 leases of 2-bed condos & townhomes within 0.5 mi · $2,696–$3,061

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$849
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,997

What would make this work?

$1,997/mo short at 20% down; 75% down or +$2,593/mo rent closes it.

Break-even price

49% under asking

$266,084
Break-even rent

$2,593/mo above the estimate

$5,681/mo
Cashflow at 35% down
−$1,446/mo
Down payment to break even

$393,750 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,934
Cap Rate
2.50%
Cash-on-Cash
-22.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$13,100
Price-to-Rent

Lower = better for investors

14.2

* 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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ACashflow−$1,997/mo