2603 Figueroa Blvd
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2603 Figueroa Blvd

D

San Diego, CA 92109

$1,449,000

Soft Appraisal Value: $1,448,600 · 0.0% above estimate

Beds

5

Baths

3.5

Sqft

1,872

Year Built

1993

Days on Market

126

Property Type

Single Family

HOA/mo

N/A

MLS ID

250045639SD

This property is in San Diego (92109). View neighborhood stats →

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About This Property

Just Reduced to $1,589,000 - $9,200/Month Income in Pacific Beach Through July 2026 Recently reduced and positioned to move. This Pacific Beach income property is currently leased at $9,200 per month through July 2026, delivering $110,400 in annual income from day one. For investors, this is a stabilized coastal asset with strong cash flow in one of San Diego’s most desirable rental markets. For future owner-occupants or house-hack buyers, the property offers flexibility to occupy, reconfigure, or reposition after the lease term. The three-level layout provides excellent separation of space and is currently configured to maximize rental performance with multiple private sleeping areas. The main level features an open-concept living area and kitchen while upper levels offer private retreats with creek views and balcony access. Built in 1993 and located at the end of a quiet cul-de-sac overlooking Rose Creek, the property offers privacy, natural views, and proximity to beaches, dining, and major transit routes. Zoned RM-3-8 with long-term flexibility. Newly reduced and competitively positioned for serious buyers. Lease in place through July 2026. Please do not disturb tenants.

Mortgage Calculator

Est. Monthly Payment

$9,199

Principal & Interest$7,327
Property Tax$1,449
Insurance$423
%($289,800)
%

Location

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Comparable Properties

3 comps found

This Property

$6,592

vs

Comp Average

$6,939

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

5D
Est. Monthly Rent
$6,592
Monthly Cashflow

Rent − PITIA

$-2,607
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,331

Mortgage (P+I)
$7,327
Cap Rate
1.65%
Cash-on-Cash
-22.07%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$13,515

NOI (Annual)
$23,956
Price-to-Rent

Lower = better for investors

18.3

* 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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