1828 Cable St
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1828 Cable St

D

San Diego, CA 92107

$1,450,000

Soft Appraisal Value: $1,418,200 · 2.2% above estimate

Beds

3

Baths

2

Sqft

1,280

Year Built

1984

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260009070SD

This property is in San Diego (92107). View neighborhood stats →

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About This Property

Just two blocks from the beach and one block to Newport Avenue, in the heart of Ocean Beach, this beautifully situated two-story corner-lot residence embodies relaxed coastal luxury with unmatched walkability. Perfectly positioned for effortless access to the sand, surf, and OB’s vibrant dining and nightlife scene, the home offers a rare combination of lifestyle and unique versatility of income potential. The upper level features light-filled living room, two-spacious bedrooms and bath, while the lower level functions as a flexible living quarters with a full bedroom, bath, and dual kitchen setups each complete with its own refrigerator, stove, microwave and laundry. With three separate entry doors, the layout is ideal for multigenerational living, or duplex rental flexibility. Recent upgrades throughout including a new roof, dual-pane windows and new blinds, and central A/C and heating. The interior has been fully refreshed with new paint, all-new LED recessed lighting and fixtures, and brand-new carpet on the staircase and both bathrooms have been remodeled for a clean, modern feel. Outdoors, the property is finished with vinyl fencing, front and rear gates, a welcoming front porch, and a private concrete patio perfect for coastal evenings and dining al fresco. A detached one-car garage with alley access with storage. Just moments from Ocean Beach’s iconic shops, cafés, and shoreline, this is a rare opportunity to own a highly flexible coastal property in one of San Diego’s most beloved beach communities, perfect as a primary residence, vacation retreat, or investment.

Mortgage Calculator

Est. Monthly Payment

$9,205

Principal & Interest$7,332
Property Tax$1,450
Insurance$423
%($290,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$5,075
Monthly Cashflow

Rent − PITIA

$-4,130
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,506

Mortgage (P+I)
$7,332
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$13,524

NOI (Annual)
$9,917
Price-to-Rent

Lower = better for investors

23.8

* 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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