1850 Illion St

1850 Illion St

Dbottom 20%

San Diego, CA 92110

$2,750,000
NEW — 0d

Pass at asking: -$15,857/mo full cashflow at 20% down, 7.43% rate.

Works at $685,328 (75% under asking); even all cash loses money at asking.

Rent $6,836/mo from 9 leases of 3–5 bed houses within 1 mi ($6,488–$7,565).

Beds

4

Baths

3.5

Sqft

3,008

Year Built

2025

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026539SD

This property is in San Diego (92110). View neighborhood stats →

About This Property

NEW CONSTRUCTION!! Beautiful Bay Park "Beach Chic" Home featuring panoramic views & warm, contemporary styling! Welcome to this stunning 3,008 sq. ft. residence that blends luxury, comfort, and spectacular views. Perched in a premier location, the expansive rooftop deck showcases sweeping vistas stretching from USD, Point Loma, the Bay and Ocean, all the way to Mount Soledad--an entertainer's dream setting. The primary suite is a true retreat, featuring a spacious walk-in closet, sunset-centric patio, spa-like soaking tub, and an oversized shower. Upstairs, you'll also find three additional bedrooms, including another with its own en-suite bath, plus a generous laundry room for convenience. At the heart of the home, the chef's kitchen shines with an 48" Z-line cooktop and double oven with elegant gold accents. Built in double wide refrigerator, a walk-in pantry, crisp white cabinetry, wine fridge, and huge island with beautiful quartz counters--designed for both style and function. Accordion doors off the living and dining areas seamlessly blend the indoor and outdoor covered patio and private backyard. Thoughtful details throughout include soft close cabinets, wine fridge, epoxy garage floors, OWNED SOLAR, 10' high ceilings, and a spacious, open floor plan. This residence offers a rare combination of indoor-outdoor living, upscale amenities, and panoramic San Diego views--making it the perfect place to call home.

Mortgage Calculator

Est. Monthly Payment

$18,829

Principal & Interest$15,277
Property Tax$2,750
Insurance$802
%($550,000)
%
Loan Term

Location

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Investment Score

0D
Est. Monthly Rent
$6,836

9 leases of 3–5 bed houses within 1 mi · $6,488–$7,565

Blended 50/50 with the zip's market median ($6,475)

Monthly Cashflow

Rent − PITIA

-$11,993
Full Cashflow

Incl. vacancy, PM, maint, capex

-$15,857

What would make this work?

$15,857/mo short at 20% down; +$20,594/mo rent closes it.

Break-even price

75% under asking

$685,328
Break-even rent

$20,594/mo above the estimate

$27,430/mo
Cashflow at 35% down
−$12,993/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$15,277
Cap Rate
-0.10%
Cash-on-Cash
-34.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.36

NOI (Annual)
-$2,858
Price-to-Rent

Lower = better for investors

33.5

* 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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DCashflow−$15,857/mo