1548 Thomas Ave San Diego

1548 Thomas Ave San Diego

D

, CA 92109

$910,000

Beds

2

Baths

2

Sqft

1,132

Year Built

1991

Days on Market

20

Property Type

Condo

HOA/mo

$325

MLS ID

260003358SD

View on MLS

Description

Nestled in the heart of vibrant Pacific Beach at Thomas Villas, this rare second-story condo offers an unbeatable location and modern comforts. Just a quick 5-minute walk to the serene shores of Sail Bay and a short bike ride to the sandy beach, you'll enjoy effortless coastal living. The bustling energy of Garnet Avenue-with its array of restaurants, bars, and shops-is only steps away. Recently beautifully remodeled, this unit features a dedicated single-car garage (complete with in-unit washer and dryer) plus a covered tandem carport for additional parking convenience.Perfect for those seeking style, location, and practicality in one of San Diego's most sought-after beach communities! Garage is attached to unit & has a tandem carport: 2 spots total. HOA: $325 /Mo Upgrades List: 1. LVP throughout, except bedrooms. 2. New carpet installed in bedrooms. 3. New baseboards. 4. Black stainless kitchen appliances. 5. Water heater, installed around 2016. 6. New cabinet doors throughout. 7. New door hardware throughout. 8. Stacked stone fireplace. 9. Remodeled master bathroom with walk-in shower. 10. Remodeled guest bathroom. 11. New mirrored pocket door in master bath with soft open/close hardware. 12. Dual pane vinyl windows. Installed 2016. 13. New dual pane vinyl slider. 14. New rocker switches throughout. 15. RO system in kitchen and is hooked up to fridge. 16. Touchless Delta kitchen faucet. 17. Mechanical doorbell.

Mortgage Calculator

Est. Monthly Payment

$6,102

Principal & Interest$4,601
Property Tax$910
Insurance$265
HOA$325
%($182,000)
%

Investment Score

9D
Est. Monthly Rent

Market Rent Estimate

$4,400
Monthly Cashflow

Rent − PITI − HOA

$-1,701
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,472

Mortgage (P+I)
$4,601
Cap Rate
1.49%
Cash-on-Cash
-11.22%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.96
Break-even Rent
$6,101

NOI (Annual)
$13,556
Price-to-Rent

Lower = better for investors

17.2

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

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