8148 Avenida Navidad #25
Ctop 80%San Diego, CA 92122
6 licensed short-term rentals within ½ mile (3 whole home), from the cities' license and permit lists of Nov 4, 2026.
No unit in this 48-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: -$3,785/mo full cashflow at 20% down, 7.49% rate.
Works at $298,223 (62% under asking), or at 89% down.
Rent $3,864/mo from 14 leases of 1–3 bed condos & townhomes within 0.5 mi ($3,899–$4,324).
Beds
2
Baths
2.5
Sqft
1,389
Year Built
1987
Days on Market
46
Property Type
Condo
HOA/mo
$675
MLS ID
260022982SD
This property is in San Diego (92122). View neighborhood stats →
About This Property
Unbeatable UTC Value & Prime Location! Tucked away in the gated La Jolla City Club, this private two-story end-unit offers an incredible opportunity to build instant equity or secure top-tier rental returns. Ready for your personal TLC and priced to sell, the smart two-story layout features a bright, open living and dining area upstairs with a cozy fireplace, kitchen, and private deck for morning coffee. Downstairs offers dual primary suites—each complete with its own dedicated bath—alongside convenient in-unit laundry, plus two assigned covered carport spaces in the secure gated structure. Enjoy resort-style community amenities including a swimming pool, tennis and pickleball courts, BBQ areas, and clubhouse. Best of all, you can leave the car at home: walk to Westfield UTC mall, dining, entertainment, and the Blue Line Trolley connecting directly to UCSD and Downtown, with quick access to freeways, biotech hubs, and La Jolla beaches. Bring your vision to life in one of 92122's premier locations!
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Est. Monthly Payment
$6,103
Location
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Zoned Schools
Elementary
Spreckels Elementary · grades K-5 · San Diego Unified
Middle
Standley Middle · grades 6-8 · San Diego Unified
High
University City 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.
Renovation math
Flagged Fixer from the listing remarks — “tlc”, “bring your vision”.
- Asking now
- $789K
- Worth finished
- $811K
- Budget to renovate
- $22,265
$568/sqft
$584/sqft × 1,389 sqft
$16/sqft to spend
Comparable finished homes nearby suggest this is worth $811K once it's brought to par — about $22,265 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $4,180/mo
- Cashflow at that rent
- −$3,542/mo
$3.01/sqft × 1,389 sqft, median of 5 comps
cap rate 1.64%, DSCR 0.68
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$3,864
Comp Average
$3,901
8878 Regents Road
2bd / 2ba · 1,212 sqft · Condo
$699K
Est. $3,594/mo
3525 Lebon Dr.
2bd / 2ba · 1,138 sqft · Condo
$679K
Est. $3,433/mo
4024 Crystal Dawn Lane
2bd / 2.5ba · 1,368 sqft · Condo
$799K
Est. $3,896/mo
3525 Lebon Dr.
2bd / 2ba · 1,138 sqft · Condo
$719K
Est. $3,425/mo
3890 Nobel
2bd / 2ba · 1,226 sqft · Condo
$475K
Est. $5,156/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
14 leases of 1–3 bed condos & townhomes within 0.5 mi · $3,899–$4,324
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,785/mo short at 20% down; 89% down or +$4,916/mo rent closes it.
- Break-even price
- $298,223
- Break-even rent
- $8,780/mo
- Cashflow at 35% down
- −$2,959/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$4,916/mo above the estimate
$702,210 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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