2689 Cowley Way
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2689 Cowley Way

D

San Diego, CA 92110

$1,299,000
NEW — 5d

Beds

3

Baths

2

Sqft

1,080

Year Built

1956

Days on Market

5

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605178

This property is in San Diego (92110). View neighborhood stats →

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About This Property

Backed by the fairways of Tecolote Canyon Golf Course, ocean and bay views from the primary bedroom and just a short drive to the bay and beaches, 2689 Cowley Way is one of Bay Park's most compelling opportunities right now. This 3-bedroom, 2-bath single-story home with a large detached 2-car garage blends modern comfort with effortless beach style across light-filled living space. Ocean breezes drift through regularly, a quiet reminder of just how close you are to the water. But the real story here is the upside. Add a roof deck or a second story and you unlock sweeping ocean and bay views that are already sitting right above you. The detached 2-car garage presents a natural ADU opportunity, whether that means rental income, a guest suite, or a private workspace. For an investor, a multigenerational buyer, or anyone looking to build long-term equity, the possibilities here are genuinely rare for this price point in Bay Park. Then you step outside, and the home truly opens up. A private courtyard and backyard overlooks the golf course fairways, making it an ideal spot to start the morning with coffee or wind down with a glass of wine and enjoy the ocean breeze. Whether you are hosting friends or simply enjoying the canyon views, this outdoor space earns its keep. Inside, new oak-like luxury vinyl flooring flows throughout, and the living room is anchored by a white brick fireplace that brings warmth and character to the space. The home is freshly painted, with fixtures updated in clean, modern finishes. Highly rated schools, easy beach access, and Bay Park's best cafes, restaurants, and amenities round out a location that checks every box. 2689 Cowley Way is ready for the next person lucky enough to recognize what it can become. Buyer is advised to independently investigate the feasibility of any proposed additions.

Mortgage Calculator

Est. Monthly Payment

$8,246

Principal & Interest$6,568
Property Tax$1,299
Insurance$379
%($259,800)
%

Location

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Investment Score

7D
Est. Monthly Rent
$4,547
Monthly Cashflow

Rent − PITIA

$-3,699
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,828

Mortgage (P+I)
$6,568
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$12,116

NOI (Annual)
$8,888
Price-to-Rent

Lower = better for investors

23.8

* 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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