1732 Grand Avenue

1732 Grand Avenue

Ctop 80%

San Diego, CA 92109

$1,150,000

Pass at asking: -$5,812/mo full cashflow at 20% down, 7.43% rate.

Works at $393,202 (66% under asking), or at 93% down.

Rent $4,351/mo from 11 leases of 2-bed condos & townhomes within 0.5 mi ($4,178–$5,475).

Beds

2

Baths

2

Sqft

1,307

Year Built

2003

Days on Market

—

Property Type

Townhouse

HOA/mo

$330

MLS ID

260026726SD

This property is in San Diego (92109). View neighborhood stats →

About This Property

Tucked at the quiet rear end-cap of an exclusive, 4-unit boutique development, this multi-level contemporary townhome delivers the ultimate turn-key Pacific Beach lifestyle. Anchored by brand-new solid cork flooring installed throughout in 2024, the sun-drenched layout showcases a seamless blend of modern upgrades and coastal warmth. The open-concept main level features an upgraded kitchen with premium quartz countertops, new microwave (dual convection), custom tile backsplash that flows effortlessly into a stylized dining alcove and an inviting living area with a cozy fireplace. Upstairs, the 2-bedroom layout features a spacious master retreat with vaulted ceilings, custom walk-in closet built-ins, and brilliant skylight accents. Freshly painted bathrooms feature elegant updated tile work and modern LED light fixtures. Designed for entertaining, a spiral staircase connects the bedroom balcony to the home's crown jewel: an expansive private rooftop deck positioned to maximize panoramic northwest sunsets and cooling ocean breezes. On the ground level, the attached garage functions as an ultra-cool finished beach lounge, while the home retains a secondary dedicated parking space. Complete with an owned photovoltaic solar system and low $330 monthly HOA, this coastal sanctuary sits blocks from the sand. Perfecting the coastal lifestyle, this premier location is just a 5-minute walk to Trader Joe's, shopping, and local dining, a quick stroll down the street to the calm waters of Fanuel Park on Sail Bay, and under a mile due west to the Pacific Ocean boardwalk. Boutique 4-unit complex. Rear end-cap unit offers maximum privacy and shielded street noise. Ground-floor garage is finished as a beach lounge; property retains an additional assigned parking spot on-site so a total of 2 parking spaces are provided. 2024 updates include solid cork flooring across all levels/stairs, quartz kitchen countertops, brand-new interior paint, and a recently painted building exterior. Private rooftop deck features unobstructed northwest sunset views. Owned solar panels. PROPERTY UPGRADES & MAINTENANCE HISTORY (2025): * Full interior flooring replacement with premium, sustainable solid cork planks across all living areas, bedrooms, and staircases (excluding tile in baths/kitchen). * Complete interior paint matching in kitchen, living spaces, and bathrooms. * Kitchen countertops upgraded to high-end solid quartz with custom tile backsplash. * Installation of energy-efficient LED light fixtures and newer built-in microwave. * Full exterior building repainting completed by the HOA. * New skylight in stairwell. OFFICIAL PROPERTY EXCLUSIONS (NOT INCLUDED IN SALE): Buyers and buyers' agents to note the following personal property items are strictly excluded from the sale and will be removed by the sellers prior to the close of escrow: * All garage tools, tool benches, and wall-mounted tool organization panels. * All bicycles, electric scooters, and personal mobility gear. * Outdoor balcony BBQ grill. * Mattresses, box springs, and all bedding/linens in both bedrooms. * All freestanding artificial/fake interior plants. * All small kitchen countertop appliances, cooking accessories, and individual small decor pieces. * All living room knick-knacks and small loose shelving decor. * Accent armchairs located in both bedrooms. * End tables currently displayed as coffee tables in the living room and ground-level lounge. * Light wicker outdoor patio furniture set (consisting of two chairs, one loveseat, and one coffee table). * All personal beach gear and sports storage kept in the lower-level/basement closet. (Note: Surf wall mural, bamboo privacy screening, wall panels and custom built-in bedroom closet organization systems are structural attachments and WILL remain with the property).

Mortgage Calculator

Est. Monthly Payment

$8,204

Principal & Interest$6,389
Property Tax$1,150
Insurance$335
HOA$330
%($230,000)
%
Loan Term

Location

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Investment Score

8C
Est. Monthly Rent
$4,351

11 leases of 2-bed condos & townhomes within 0.5 mi · $4,178–$5,475

Blended 50/50 with the zip's market median ($4,129)

Monthly Cashflow

Rent − PITIA

-$3,853
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,812

What would make this work?

$5,812/mo short at 20% down; 93% down or +$7,548/mo rent closes it.

Break-even price

66% under asking

$393,202
Break-even rent

$7,548/mo above the estimate

$11,899/mo
Cashflow at 35% down
−$4,614/mo
Down payment to break even

$1,069,500 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,389
Cap Rate
0.83%
Cash-on-Cash
-30.32%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$9,534
Price-to-Rent

Lower = better for investors

22.0

* 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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CCashflow−$5,812/mo