1174 Locust Street

1174 Locust Street

Ctop 80%

San Diego, CA 92106

$755,000

Pass at asking: -$3,320/mo full cashflow at 20% down, 7.49% rate.

Works at $324,562 (57% under asking), or at 83% down.

Rent $3,988/mo from 11 leases of 1–3 bed condos & townhomes within 1 mi ($3,613–$4,026).

Beds

2

Baths

2

Sqft

1,120

Year Built

1979

Days on Market

—

Property Type

Townhouse

HOA/mo

$567

MLS ID

260026099SD

This property is in San Diego (92106). View neighborhood stats →

About This Property

SOUTH POINT LOMA LIVING -- LOCATION, VIEWS & LIFESTYLE! NOT IN FLIGHT PATH & NO SHORT-TERM RENTALS. Welcome to 1174 Locust St, a bright and spacious 2-bedroom, 1.5-bath townhome offering approximately 1,120 sq. ft. in the heart of Point Loma. Step inside to an inviting, open living space featuring a cozy fireplace, recessed lighting, plantation shutters, and abundant natural light. The updated kitchen features quartz countertops, white cabinetry, a stylish backsplash, and stainless-steel appliances, flowing seamlessly into the dining and living areas. Upstairs, enjoy two generously sized bedrooms, ample closet space, convenient full-size laundry, and views from the primary bedroom. Step outside onto your private balcony and enjoy the coastal San Diego lifestyle. Additional features include underground parking and storage, all in a highly desirable location close to Point Loma Village, San Diego Bay, restaurants, shopping, entertainment, and more. Location. Lifestyle. Opportunity. Whether you're looking for a primary residence or a San Diego investment, this Point Loma property deserves your attention. Don't miss your opportunity to make 1174 Locust St yours. Buyer and buyer's agent to verify all information, including square footage, property condition, HOA information, parking, views, permits, and all other material facts prior to close of escrow.

Mortgage Calculator

Est. Monthly Payment

$5,761

Principal & Interest$4,219
Property Tax$755
Insurance$220
HOA$567
%($151,000)
%
Loan Term

Location

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Investment Score

34C
Est. Monthly Rent
$3,988

11 leases of 1–3 bed condos & townhomes within 1 mi · $3,613–$4,026

Blended 50/50 with the zip's market median ($4,114)

Monthly Cashflow

Rent − PITIA

-$1,773
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,320

What would make this work?

$3,320/mo short at 20% down; 83% down or +$4,311/mo rent closes it.

Break-even price

57% under asking

$324,562
Break-even rent

$4,311/mo above the estimate

$8,299/mo
Cashflow at 35% down
−$2,528/mo
Down payment to break even

$626,650 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,219
Cap Rate
1.75%
Cash-on-Cash
-26.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$13,188
Price-to-Rent

Lower = better for investors

15.8

* 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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CCashflow−$3,320/mo