
1424 Thomas Ave
Ctop 80%San Diego, CA 92109
One license per person in San Diego: whether you can hold it depends on you, not only the home.
320 licensed short-term rentals within ½ mile (270 whole home), from the cities' license and permit lists of Nov 8, 2026.
Pass at asking: -$11,073/mo full cashflow at 20% down, 7.43% rate.
Works at $858,327 (63% under asking), or at 90% down.
Rent $8,561/mo from 8 leases of 3–5 bed houses within 1 mi, same school area ($7,767–$10,512).
Beds
4
Baths
3.5
Sqft
2,331
Year Built
2014
Days on Market
44
Property Type
Single Family
HOA/mo
N/A
MLS ID
260023230SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Welcome to 1424 Thomas Ave in the heart of Pacific Beach! This detached single-family home offers 5 bedrooms, 3.5 bathrooms, and 2,331 sq. ft. of living space. Historically used as a five-bedroom home, the versatile third-floor space can serve as a fifth bedroom, private office, gym, media room, or entertainment retreat, complete with a small refrigerator. Enjoy spacious bedrooms, a main-level bedroom and full bath, ample storage, whole-home AC with additional third-floor cooling, and a rooftop deck with an outdoor shower and panoramic views from La Jolla to the Pacific Ocean. On a 3,123 sq. ft. lot, extensive custom brickwork and pavers maximize every inch of outdoor space, from the enclosed front patio to the private backyard with pergola, decades old unique cactus throughout and custom gas fire pit, creating low-maintenance spaces for year-round indoor-outdoor living. Just a 5-minute walk to the Mission Bay Boardwalk and 15 minute slow walk to the Pacific Ocean, with restaurants and shops nearby. The property has minimal modeled wildfire and flood risk, with historically affordable home insurance of approximately $750 annually, including earthquake coverage. Highlights include paid-off solar, no HOA, a detached two-car garage with alley access and independent power previously used for EV charging. Potential for a future ADU, including a 450 sq. ft. addition above the garage, upon approval.
Mortgage Calculator
Est. Monthly Payment
$15,748
Location
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Zoned Schools
Elementary
Crown Point Elementary · grades PK-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay 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.
Comparable Properties
5 comps foundThis Property
$8,561
Comp Average
$8,509
4841 Academy St
4bd / 3.5ba · 2,929 sqft · Single Family
$2.80M
Est. $9,205/mo
4064 Haines Street
4bd / 4.5ba · 2,300 sqft · Single Family
$2.80M
Est. $8,947/mo
4985 Pacifica Dr
3bd / 2.5ba · 2,128 sqft · Single Family
$2.27M
Est. $7,261/mo
836 Beryl Street
4bd / 4ba · 2,343 sqft · Single Family
$3.30M
Est. $9,264/mo
2455 Amity
3bd / 2ba · 2,224 sqft · Single Family
$3.50M
Est. $7,868/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 3–5 bed houses within 1 mi, same school area · $7,767–$10,512
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$11,073/mo short at 20% down; 90% down or +$14,381/mo rent closes it.
- Break-even price
- $858,327
- Break-even rent
- $22,942/mo
- Cashflow at 35% down
- −$8,677/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
63% under asking
$14,381/mo above the estimate
$2,070,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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