2828 Famosa Blvd

2828 Famosa Blvd

D

San Diego, CA 92107

$489,000

Beds

1

Baths

1

Sqft

667

Year Built

1990

Days on Market

9

Property Type

Condo

HOA/mo

$466

MLS ID

260006602SD

View on MLS

Description

Welcome to Ocean Beach living at its best! This exclusive corner-unit condo is tucked away in the southwest corner of a quiet, private community, offering exceptional light, privacy, and space. Located on the third floor with no neighbors above, this upper-level home enjoys a peaceful setting and abundant natural sunlight throughout. Inside, you’ll find beautiful vinyl hardwood floors, all new triple paned windows, a bright open layout, and plantation shutters on every window. The home features 1 bedroom and 1 fully updated, modern bathroom, thoughtfully remodeled with contemporary finishes. Convenience meets comfort with an in-unit stacked washer and dryer. Additional highlights include a private storage closet right outside the front door and one secured parking space in the garage. Situated just minutes from Dog Beach, the sand, and the vibrant energy of Newport Avenue’s shops, restaurants, and cafés, this home perfectly captures the laid-back coastal lifestyle Ocean Beach is known for. Located right next to the Famosa slough which is a natural preserve for local wildlife! A rare opportunity to own a bright, private corner unit in a small, well-kept community near some of San Diego’s most beloved beaches.

Mortgage Calculator

Est. Monthly Payment

$3,570

Principal & Interest$2,473
Property Tax$489
Insurance$143
HOA$466
%($97,800)
%

Investment Score

5D
Est. Monthly Rent
$2,757
Monthly Cashflow

Rent − PITI − HOA

$-814
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,855

Mortgage (P+I)
$2,473
Cap Rate
1.52%
Cash-on-Cash
-22.76%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$5,166

NOI (Annual)
$7,409
Price-to-Rent

Lower = better for investors

14.8

* 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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