1617 Locust St
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1617 Locust St

D

San Diego, CA 92106

$998,000
NEW — 0d

Soft Appraisal Value: $990,400 · 0.8% above estimate

Beds

2

Baths

2

Sqft

767

Year Built

1980

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260012465SD

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

About This Property

This stunning sun-drenched single-story residence in the highly sought-after Point Loma harbor community offers an exceptional blend of coastal charm, modern upgrades with future development potential. Thoughtfully designed with an emphasis on comfort and entertainment, the home was fully remodeled in 2021 and showcases a bright and airy open floor plan filled with abundant natural light, creating a warm and inviting atmosphere throughout. The stylish upgraded kitchen serves as the heart of the home and is appointed with quartz countertops, stainless steel appliances and a breakfast bar with counter seating. Situated on a 2,062 sq ft R-4 zoned lot, the property presents exciting opportunities for future expansion, additional units, or a potential rooftop deck with possible ocean and harbor views (buyer to verify). Recent upgrades include a newer ductless mini-split A/C and heating system (2025), newer water heater (2025), upgraded appliances (2021), and enhanced exterior improvements that add both style and functionality (2021). The outdoor living spaces are equally impressive, featuring updated landscaping, a private backyard retreat, spacious patio, hot tub, and a charming deck perfect for al fresco dining, entertaining guests, or simply relaxing.Off street parking for 2 cars. Within minutes to Americas Cup Harbor, San Diego Yacht Club, Shelter island and Liberty Station.

Mortgage Calculator

Est. Monthly Payment

$6,336

Principal & Interest$5,046
Property Tax$998
Insurance$291
%($199,600)
%

Location

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Investment Score

19D
Est. Monthly Rent
$3,925
Monthly Cashflow

Rent − PITIA

$-2,410
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,145

Mortgage (P+I)
$5,046
Cap Rate
1.08%
Cash-on-Cash
-24.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$9,308

NOI (Annual)
$10,819
Price-to-Rent

Lower = better for investors

21.2

* 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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