1137 Felspar Street
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1137 Felspar Street

D

San Diego, CA 92109

$1,295,000
NEW — 1d

Soft Appraisal Value: $1,182,000 · 9.6% above estimate

Beds

2

Baths

2.5

Sqft

1,517

Year Built

2015

Days on Market

1

Property Type

Townhouse

HOA/mo

$375

MLS ID

260012711SD

This property is in San Diego (92109). View neighborhood stats →

Virtual Tour

About This Property

Welcome to this stunning Pacific Beach townhome — original-owner since 2015 and meticulously maintained throughout. Ideally located less than 5 blocks to the beach with shops and restaurants within a short walk away. The layout has 2 bedrooms plus a dedicated office, or additional bedroom and 2.5 bathrooms, including a full downstairs bedroom suite perfect for guests or a private retreat. The custom kitchen impresses with granite countertops, travertine tile flooring, and stainless steel appliances — all included. Custom cabinetry, recessed lighting, and crown molding carry throughout, while laminate wood floors flow across the main living areas with travertine tile in the entry, kitchen, and bathrooms. Every detail has been thoughtfully upgraded. Entertain in style with two private patio decks, an indoor fireplace, and a rare outdoor fireplace. The new tankless water heater adds efficiency, and a 1-car garage plus an additional parking space offer convenience rarely found in this neighborhood. Best of all, the HOA permits short-term vacation rentals — making this an exceptional opportunity to own a turnkey primary residence, vacation getaway, or high-performing income property in one of San Diego's most desirable coastal communities. This one truly has it all!

Mortgage Calculator

Est. Monthly Payment

$8,596

Principal & Interest$6,548
Property Tax$1,295
Insurance$378
HOA$375
%($259,000)
%

Location

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Investment Score

12D
Est. Monthly Rent
$5,674
Monthly Cashflow

Rent − PITIA

$-2,922
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,306

Mortgage (P+I)
$6,548
Cap Rate
1.15%
Cash-on-Cash
-24.59%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$12,565

NOI (Annual)
$14,902
Price-to-Rent

Lower = better for investors

19.0

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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