2114 Felspar
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2114 Felspar

Ctop 80%

San Diego, CA 92109

$1,695,000
STR: check · no permits in this complex · TOT 12.75%

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

Principal & Interest$9,472
Property Tax$1,695
Insurance$494
%($339,000)
%
Loan Term

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.

Investment Score

13C
Est. Monthly Rent
$6,588

9 leases of 3–5 bed condos & townhomes within 2 mi · $5,755–$7,296

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$5,073
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,001

What would make this work?

$8,001/mo short at 20% down; 88% down or +$10,391/mo rent closes it.

Break-even price

61% under asking

$657,645
Break-even rent

$10,391/mo above the estimate

$16,979/mo
Cashflow at 35% down
−$6,225/mo
Down payment to break even

$1,491,600 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,472
Cap Rate
1.27%
Cash-on-Cash
-28.32%
DSCR

Need ≥ 1.25 for DSCR loan

0.56

NOI (Annual)
$21,608
Price-to-Rent

Lower = better for investors

21.4

* 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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CCashflow−$8,001/mo