3053 38th Street
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3053 38th Street

C

San Diego, CA 92105

$900,000
NEW — 1d

Beds

4

Baths

2

Sqft

1,448

Year Built

1957

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2603860

This property is in San Diego (92105). View neighborhood stats →

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About This Property

Perched along the scenic bluffs of San Diego, this rare multi-unit property offers coastal living with strong investment potential. The lot features two detached homes, each with 2 bedrooms and 1 bathroom, providing flexibility for multi-generational living, rental income, or a combination of both. Located near the beach, downtown, and public transportation, the property strikes the perfect balance between tranquility and convenience. Enjoy easy access to dining, shopping, and entertainment while being tucked into a peaceful seaside setting. Parking available too and neighborhood is being revitalized. This is a high-demand rental opportunity and a unique find in one of San Diego’s most desirable areas.

Mortgage Calculator

Est. Monthly Payment

$5,713

Principal & Interest$4,551
Property Tax$900
Insurance$262
%($180,000)
%

Location

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Investment Score

33C
Est. Monthly Rent
$4,010
Monthly Cashflow

Rent − PITIA

$-1,703
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,375

Mortgage (P+I)
$4,551
Cap Rate
1.57%
Cash-on-Cash
-22.50%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$8,393

NOI (Annual)
$14,108
Price-to-Rent

Lower = better for investors

18.7

* 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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