1841 31st Street
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1841 31st Street

D

San Diego, CA 92102

$1,399,900
NEW — 0d on market

Beds

Baths

Sqft

1,012

Year Built

1940

Days on Market

0

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2602465

This property is in San Diego (92102). View neighborhood stats →

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About This Property

Secluded in a prime South Park location, this rare opportunity offers charm, versatility, and investment potential. First time on the market, this unique property is just moments from Balboa Park and nestled in one of San Diego's most desirable neighborhoods. The main home features 2 bedrooms and 1 bathroom, showcasing beautiful wood floors, modern conveniences and timeless vintage character. Upgrades include newer electrical and plumbing along with a Mitsubishi split system in the main home. Tucked behind the main residence is the studio which offers its own private living space complete with a kitchen and bathroom, ideal for guests rental income or a home office. This property also includes a 2-car garage currently housing the laundry area with flexible potential for future use such as an ADU conversion or additional workspace. Step outside to a serene and park-like backyard. Enjoy the blend of tranquility with the convenience of easy access to multiple freeways and walking distance to shops and dining. Whether you're an investor seeking income potential or a homeowner looking for additional space and flexibility , the property truly offers the best of both worlds.

Mortgage Calculator

Est. Monthly Payment

$8,887

Principal & Interest$7,079
Property Tax$1,400
Insurance$408
%($279,980)
%

Location

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Investment Score

1D
Est. Monthly Rent
$4,491
Monthly Cashflow

Rent − PITIA

$-4,396
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,595

Mortgage (P+I)
$7,079
Cap Rate
0.41%
Cash-on-Cash
-28.27%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$13,056

NOI (Annual)
$5,803
Price-to-Rent

Lower = better for investors

26.0

* 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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