
4536 Arizona #2
Ctop 80%San Diego, CA 92116
One license per person in San Diego: whether you can hold it depends on you, not only the home.
107 licensed short-term rentals within ½ mile (73 whole home), from the cities' license and permit lists of Nov 1, 2026.
1 short-term rental license on file in this 4-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$3,463/mo full cashflow at 20% down, 7.49% rate.
Works at $350,100 (56% under asking), or at 83% down.
Rent $3,877/mo from 9 leases of 2–4 bed condos & townhomes within 1 mi, same school area ($3,538–$4,306).
Beds
3
Baths
3
Sqft
1,313
Year Built
1992
Days on Market
136
Property Type
Condo
HOA/mo
$285
MLS ID
260014317SD
This property is in San Diego (92116). View neighborhood stats →
About This Property
NEW PRICE — $799,000! If you've been waiting for a University Heights townhome to become more attainable, this is the opportunity to see. This 1,313 SF 3BR/3BA two-story home delivers an unusually complete package for central San Diego: Koa hardwood flooring, new kitchen with shaker cabinetry and Calacatta Gold quartz, three bathrooms, a private fenced patio, 2-car tandem garage and additional driveway parking. The flexible floor plan includes a bedroom and full bath on the main level, while the upstairs offers two additional bedrooms with en-suite baths. Located in the heart of University Heights with convenient access to North Park, Hillcrest, Balboa Park, restaurants, cafes and neighborhood amenities. Now offered at $799,000—schedule your private showing and come see whether this is the University Heights home you've been waiting for. Discover the perfect blend of modern sophistication and central San Diego living in this beautifully renovated two-story townhome in the heart of University Heights. This move-in ready residence has undergone a comprehensive interior renovation, showcasing premium finishes and thoughtful upgrades that elevate everyday living. Upon entering, you are greeted by warm Koa hardwood floors that flow throughout the main level, creating a bright and welcoming atmosphere. The walls are freshly painted in Sherwin-Williams Alabaster, a soft, versatile white that enhances natural light. New recessed LED lighting, updated electrical outlets and switches, modern door hardware, and contemporary fixtures throughout ensure both style and functionality. The spacious living room features a large window that fills the space with sunshine and a cozy gas fireplace, ideal for relaxing evenings or entertaining guests. This area flows seamlessly into the brand-new gourmet kitchen, a true centerpiece of the home. Custom shaker-style cabinets finished in a satin Sherwin-Williams Accessible Beige offer timeless elegance and ample storage. Luxurious Calacatta Gold quartz countertops provide durable, high-end workspace, complemented by a large stainless steel farm sink, matte black hardware, and matching stainless steel appliances. Whether preparing daily meals or hosting friends, this kitchen makes every moment enjoyable. Adjacent to the kitchen, the dining area includes a stylish walnut ceiling fan and a large glass door that opens to a private, spacious, fully fenced patio. This outdoor oasis is perfect for morning coffee, al fresco dining, weekend barbecues, or simply unwinding in your own secluded space. A ground-level bedroom offers flexibility as a guest room, home office, or main-level retreat, with a large slider providing direct access to the patio. Nearby, the full bathroom features elegant slate tile flooring and shower for a spa-like experience. Upstairs, you will find two matching primary suites, each with its own private bathroom. These generous retreats include new porcelain tile floors, ample closet space, and large windows—one facing east for gentle morning light and the other west for beautiful evening glow. New bathroom vanity hardware, mirrors, and lighting complete the luxurious feel. Between the suites, a convenient laundry closet houses a full-size side-by-side washer and dryer with room for additional shelving and storage. Freshly installed carpet upstairs adds comfort and a clean, updated look. Parking is convenient and plentiful with a 2-car tandem garage plus an additional driveway space— a significant advantage in this popular central neighborhood. The home is situated in a small, charming complex that offers a sense of community while maintaining privacy. University Heights is one of San Diego’s most desirable central neighborhoods, known for its walkability, tree-lined streets, and vibrant community spirit. Located adjacent to North Park to the south, Hillcrest to the west, and Mission Valley to the north, this home provides effortless access to some of the city’s best amenities. Stroll t...
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Est. Monthly Payment
$5,782
Location
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Zoned Schools
Elementary
Garfield 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
$3,877
Comp Average
$3,774
4473 30th St
2bd / 2.5ba · 1,296 sqft · Condo
$899K
Est. $3,841/mo
4768 Mansfield Street
3bd / 2.5ba · 1,486 sqft · Condo
$879K
Est. $3,637/mo
4473 30th St
2bd / 2.5ba · 1,261 sqft · Condo
$999K
Est. $3,787/mo
4473 30th St
2bd / 2ba · 1,203 sqft · Condo
$1.13M
Est. $3,643/mo
4473 30th St
2bd / 2.5ba · 1,432 sqft · Townhouse
$1.20M
Est. $3,960/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2–4 bed condos & townhomes within 1 mi, same school area · $3,538–$4,306
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,463/mo short at 20% down; 83% down or +$4,497/mo rent closes it.
- Break-even price
- $350,100
- Break-even rent
- $8,374/mo
- Cashflow at 35% down
- −$2,625/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
56% under asking
$4,497/mo above the estimate
$663,170 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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