2129 31st St

2129 31st St

D

San Diego, CA 92104

$1,275,000
NEW — 1d on market

Soft Appraisal Value: $1,253,400 · 1.7% above estimate

Beds

2

Baths

2

Sqft

900

Year Built

1946

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007816SD

View on MLS

Description

Welcome to 2129 31st Street—a rare, design-forward home in the very heart of South Park, one of San Diego’s most beloved and tightly held neighborhoods. This is the kind of property buyers wait years for. Completely renovated, this 2-bedroom, 2-bathroom residence blends thoughtful modern living with a deep respect for the home’s original craftsmanship. Every detail was curated in collaboration with a highly respected interior designer, restoring the character and soul of the home while elevating it to today’s standards of comfort and style. The result is timeless, warm, and effortlessly cool…exactly what South Park does best. Step outside and you’re just seconds from the neighborhood’s most iconic spots—Target, Buona Forchetta, Kindred, Station Tavern, plus a lineup of cafés, bars, and boutiques that make this area feel more like a lifestyle than a location. What truly sets this property apart is its extraordinary garage configuration—a rare four-car garage plus an additional side one-car garage with alley access. This opens the door to a massive ADU opportunity, workshop, creative studio, gym, or additional living space—something almost unheard of in this pocket. To help bring that vision to life, a conceptual layout and contractor estimate are available, giving buyers a clear path to expanding the property and maximizing its full potential from day one. Plus, paid solar adds long-term efficiency and value. Not just a renovation—a home with soul, elevated design, and real upside in the heart of one of San Diego’s most walkable neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$8,094

Principal & Interest$6,447
Property Tax$1,275
Insurance$372
%($255,000)
%

Investment Score

0D
Est. Monthly Rent
$3,335
Monthly Cashflow

Rent − PITIA

$-4,759
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,589

Mortgage (P+I)
$6,447
Cap Rate
-0.13%
Cash-on-Cash
-31.01%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.41
Break-even Rent
$11,892

NOI (Annual)
$-1,699
Price-to-Rent

Lower = better for investors

31.9

* 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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