4222 Menlo Avenue #28
Atop 10%San Diego, CA 92115
21 licensed short-term rentals within ½ mile (11 whole home), from the cities' license and permit lists of Nov 14, 2026.
No unit in this 43-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: -$1,657/mo full cashflow at 20% down, 7.36% rate.
Works at $182,141 (54% under asking), or at 81% down.
Rent $2,392/mo from 15 leases of 2-bed condos & townhomes within 1 mi ($2,250–$2,490).
Beds
2
Baths
2
Sqft
800
Year Built
1992
Days on Market
45
Property Type
Condo
HOA/mo
$450
MLS ID
PTP2607343
This property is in San Diego (92115). View neighborhood stats →
About This Property
Welcome to Menlo Village, a gated condo community ideally located in the heart of San Diego’s College Area. Just minutes from San Diego State University, this location offers convenient access to shopping, dining, entertainment, and major freeways. This move-in ready unit features an open-concept layout with new stainless steel appliances, new LVP flooring, and fresh interior paint. The property also includes two assigned parking spaces in a gated underground garage, along with newer on-site laundry facilities. Well-maintained and ready for its next owners, this condo offers comfortable living in a convenient central San Diego location.
Mortgage Calculator
Est. Monthly Payment
$3,167
Location
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Zoned Schools
Elementary
Euclid Elementary · grades PK-5 · San Diego Unified
Middle
Mann Middle · grades 6-8 · San Diego Unified
High
Crawford 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
$2,392
Comp Average
$2,628
6333 College Grove Way
2bd / 1.5ba · 865 sqft · Condo
$425K
Est. $2,751/mo
6333 College Grove Way
2bd / 1.5ba · 865 sqft · Condo
$465K
Est. $2,988/mo
4540 60th Street
2bd / 1ba · 890 sqft · Condo
$398K
Est. $2,524/mo
4222 Menlo Ave
2bd / 2ba · 800 sqft · Condo
$425K
Est. $2,392/mo
4521 55th St
2bd / 2ba · 761 sqft · Condo
$450K
Est. $2,485/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
15 leases of 2-bed condos & townhomes within 1 mi · $2,250–$2,490
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,657/mo short at 20% down; 81% down or +$2,152/mo rent closes it.
- Break-even price
- $182,141
- Break-even rent
- $4,544/mo
- Cashflow at 35% down
- −$1,244/mo
- Down payment to break even
- 81%
- Rate to break even
- Not reachable
54% under asking
$2,152/mo above the estimate
$323,190 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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