1840 Locust St
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1840 Locust St

C

San Diego, CA 92106

$1,348,300

Soft Appraisal Value: $1,339,900 · 0.6% above estimate

Beds

4

Baths

2

Sqft

1,658

Year Built

1960

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260011757SD

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

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About This Property

Welcome to Point Loma living in this beautifully updated corner-lot home just minutes from the ocean, harbor, Liberty Station, and some of San Diego’s best coastal dining and recreation. This charming single-family residence blends classic character with thoughtful modern upgrades while offering exceptional potential for future expansion or customization. The newly remodeled kitchen showcases sleek modern cabinetry, dramatic stone countertops and backsplash, stainless steel appliances, and a clean contemporary design that perfectly balances style and functionality. Spacious living areas are filled with natural light, complemented by updated flooring, recessed lighting, abundant built-in storage, and an open, comfortable layout ideal for everyday living and entertaining. A versatile bonus room featuring a custom built-in bar creates the perfect space for a game room, lounge, office, or media retreat. The generous corner lot provides added privacy, outdoor potential, and ample space for enhancements such as expanded outdoor living areas or the addition of an ADU, creating additional value and income potential. Situated in a well-established neighborhood near top-rated schools, shopping, dining, and endless coastal recreation, this property presents a rare opportunity for homeowners, investors, or buyers seeking a move-in-ready home with long-term upside in one of San Diego’s most sought-after communities.

Mortgage Calculator

Est. Monthly Payment

$8,559

Principal & Interest$6,818
Property Tax$1,348
Insurance$393
%($269,660)
%

Location

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Investment Score

10D
Est. Monthly Rent
$5,137
Monthly Cashflow

Rent − PITIA

$-3,422
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,727

Mortgage (P+I)
$6,818
Cap Rate
0.97%
Cash-on-Cash
-25.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$12,575

NOI (Annual)
$13,087
Price-to-Rent

Lower = better for investors

21.9

* 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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