
1174 Locust Street
Ctop 80%San Diego, CA 92106
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
Location
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Comparable Properties
5 comps foundThis Property
$3,988
Comp Average
$3,976
3225 Newell St
2bd / 2ba · 1,183 sqft · Condo
$750K
Est. $3,929/mo
3225 Newell Street 1
3bd / 2ba · 1,209 sqft · Condo
$799K
Est. $4,126/mo
3108 Hugo Street
2bd / 2.5ba · 1,258 sqft · Condo
$989K
Est. $4,071/mo
422 Rosecrans St
2bd / 2ba · 1,204 sqft · Condo
$1.18M
Est. $4,048/mo

2740 Evans Rd
3bd / 3ba · 1,105 sqft · Condo
$1.20M
Est. $3,708/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
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)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,320/mo short at 20% down; 83% down or +$4,311/mo rent closes it.
- Break-even price
- $324,562
- Break-even rent
- $8,299/mo
- Cashflow at 35% down
- −$2,528/mo
- Down payment to break even
- 83%
- Rate to break even
- Not reachable
57% under asking
$4,311/mo above the estimate
$626,650 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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