
2114 Felspar
Ctop 80%San Diego, CA 92109
142 licensed short-term rentals within ½ mile (98 whole home), from the cities' license and permit lists of Nov 4, 2026.
No unit in this 2-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$8,001/mo full cashflow at 20% down, 7.49% rate.
Works at $657,645 (61% under asking), or at 88% down.
Rent $6,588/mo from 9 leases of 3–5 bed condos & townhomes within 2 mi ($5,755–$7,296).
Beds
4
Baths
3
Sqft
1,800
Year Built
2018
Days on Market
96
Property Type
Condo
HOA/mo
N/A
MLS ID
260018680SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Model Home. Like New, The Contemporary Coastal Living in Pacific Beach – 2114 Felspar St, San Diego, CA 92109. Step into the ultimate Pacific Beach lifestyle with this amazing 4-bedroom, 3-bathroom condominium, with 1,800 sq. ft. of modern design elegance. This isn’t just a home; it’s your gateway to coastal bliss, free from HOA fees and meetings, thanks to a clever condo lot split that creates two independent homes. Arrive through a charming front gate and shared walkway or slip in discreetly via the quiet alley to your two-car garage and additional parking spaces. Inside, an open-concept design welcomes you with a showcase atrium staircase that spans all three levels, bathing the home in golden natural light. The ground floor hums with possibility: a sleek, modern kitchen flows effortlessly into the dining and living areas, perfect for lively gatherings or cozy nights in. A versatile bonus room awaits your vision—transform it into a fourth ground-level bedroom, a chic home office, or a welcoming guest retreat. Ascend to the upper levels, where three thoughtfully designed bedrooms offer comfort and style. The primary suite is your personal sanctuary, complete with a private deck for morning coffee or starlit evenings. But the real showstopper? An expansive rooftop deck and recreational area, serving up panoramic peek views of Mission Bay and the twinkling San Diego skyline. Picture yourself hosting sunset soirees, lounging in the sun, or cheering for Mission Bay summer-long fireworks from this unobstructed perch.
Mortgage Calculator
Est. Monthly Payment
$11,661
Location
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Zoned Schools
Elementary
Sessions Elementary · grades K-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$6,588
Comp Average
$5,604
1323 Felspar St
3bd / 2.5ba · 2,025 sqft · Condo
$1.43M
Est. $6,638/mo
1134 Grand Ave
3bd / 3ba · 1,496 sqft · Condo
$1.32M
Est. $5,984/mo
974 Sapphire Street
3bd / 3.5ba · 1,300 sqft · Townhouse
$1.57M
Est. $5,133/mo
976 Sapphire Street
3bd / 3.5ba · 1,300 sqft · Townhouse
$1.70M
Est. $5,133/mo
972 Sapphire Street
3bd / 3.5ba · 1,300 sqft · Townhouse
$1.70M
Est. $5,133/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 3–5 bed condos & townhomes within 2 mi · $5,755–$7,296
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,001/mo short at 20% down; 88% down or +$10,391/mo rent closes it.
- Break-even price
- $657,645
- Break-even rent
- $16,979/mo
- Cashflow at 35% down
- −$6,225/mo
- Down payment to break even
- 88%
- Rate to break even
- Not reachable
61% under asking
$10,391/mo above the estimate
$1,491,600 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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