2603 Figueroa Blvd San Diego

2603 Figueroa Blvd San Diego

D

, CA 92109

$1,589,000

Beds

5

Baths

3.5

Sqft

1,872

Year Built

1993

Days on Market

81

Property Type

Single Family

HOA/mo

N/A

MLS ID

250045639SD

Description

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

$10,087

Principal & Interest$8,035
Property Tax$1,589
Insurance$463
%($317,800)
%

Investment Score

6D
Est. Monthly Rent

Market Rent Estimate

$6,265
Monthly Cashflow

Rent − PITI − HOA

$-3,822
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,587

Mortgage (P+I)
$8,035
Cap Rate
1.09%
Cash-on-Cash
-14.43%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.78
Break-even Rent
$10,087

NOI (Annual)
$17,375
Price-to-Rent

Lower = better for investors

21.1

* Defaults: 20% down, 6.5% rate, 30yr.

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