2911 Madison Ave

North Park, San Diego, CA · 8 days on market · View on Zillow

2911 Madison Ave

$1.7M somewhere else buys…

3 bedrooms · 4 baths · 2,020 sqft · 4,792 sqft lot

Built 1923 · 3 Parking spaces · Pool · $841/sqft (city median $715)

Most properties with three units feel like three units. This one feels like a house. A University Heights Craftsman, fully renovated, permitted, and separately metered, set up as a 2 bed, 2 bath main residence, a studio with a full kitchen, and a detached 1 bed, 1 bath ADU. Approximately 2,020 square feet total, each with a private entrance and private outdoor space.

What this place offers

  • Private pool
  • Heating: Fireplace
  • Cooling: Other/Remarks
  • 3 Parking spaces
  • Top school rating 7/10 nearby

The numbers

$20K/yr

Property tax (actual rate)

$6K/yr

Insurance (quoted)

Price history

1997$133,000
2023$1,200,000
2026 (asking)$1,699,000

Up 1177% since 1997

$1,699,000

Down payment20% · $339,800
%
Mortgage (principal + interest)$8,502
Property tax$1,657
Home insurance$510
All-in monthly$10,668/mo

You'd need about $457,204/yr in household income (28% rule) plus $339,800 in cash.

Would rent for ~$4,629/mo · 3.3% gross yield

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