3131 Erie St
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3131 Erie St

D

San Diego, CA 92117

$1,845,000
NEW — 1d on market

Soft Appraisal Value: $1,814,800 · 1.7% above estimate

Beds

4

Baths

2.5

Sqft

2,157

Year Built

1973

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260009099SD

This property is in San Diego (92117). View neighborhood stats →

About This Property

Tucked away on a quiet street just steps from Mission Bay, this completely renovated home feels like a hidden retreat with breathtaking canyon views and effortless indoor-outdoor living. From the moment you arrive, the home’s curb appeal sets the tone, with fresh exterior paint, low-maintenance landscaping, and a spacious, fenced-in front yard. Inside, the home opens to a bright, airy space where natural light pours through oversized windows, highlighting the new engineered wood flooring and fresh, modern finishes throughout. The layout flows beautifully, with a spacious family room leading into a dedicated dining area, perfect for both everyday living and entertaining. The beautifully updated kitchen features quartz countertops, new cabinetry, and new stainless steel appliances. Designed for both function and connection, it opens to an expansive living room, where a custom Venetian plaster fireplace becomes a stunning focal point, complemented by a beverage nook with a built-in wine fridge. Two sliding glass doors invite you outside to a freshly stained deck, an incredible space to unwind, entertain, and take in sweeping canyon views. Upstairs, the primary suite offers a peaceful escape, complete with a large window, a custom designed walk-in closet, and a beautifully remodeled ensuite bathroom featuring quartz countertops, dual sinks, and a walk-in shower. Three additional guest bedrooms and an updated full bathroom provide flexibility for family, guests, or a home office. Every detail has been thoughtfully upgraded, including a new roof, new washer and dryer, and HVAC mini splits in each bedroom for personalized comfort. All of this, just minutes from the natural beauty of Mission Bay and Tecolote Canyon, plus easy access to beaches, dining, and shopping, making this home the perfect blend of serenity, style, and location.

Mortgage Calculator

Est. Monthly Payment

$11,712

Principal & Interest$9,329
Property Tax$1,845
Insurance$538
%($369,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$6,252
Monthly Cashflow

Rent − PITIA

$-5,460
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,436

Mortgage (P+I)
$9,329
Cap Rate
0.58%
Cash-on-Cash
-27.43%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.53
Break-even Rent
$17,208

NOI (Annual)
$10,722
Price-to-Rent

Lower = better for investors

24.6

* 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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