3226 Lucinda Street

3226 Lucinda Street

D

San Diego, CA 92106

$2,850,000

Soft Appraisal Value: $2,733,900 · 4.2% above estimate

Beds

2

Baths

2

Sqft

1,448

Year Built

1924

Days on Market

58

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2600988

Description

Developer’s dream in coveted La Playa with Stunning and Rare panoramic views of the famous San Diego Skyline, this darling single level craftsman style home is reminiscent of the "Top Gun" era. This exceptional opportunity has a massive double lot with prime breathtaking sweeping views spanning the harbor, city skyline, and Mexico with an irreplaceable vantage point. The property consists of two separate parcels totaling approximately 14,650 square feet, providing multiple paths for the any buyer or developer. Expand the existing residence and utilize both parcels to create a truly extraordinary estate (renderings and plans available upon request), or maintain the current configuration and enjoy living in one of the most coveted properties in San Diego. This is a rare chance to secure a panoramic view property with development potential in one of Point Loma’s most desirable coastal neighborhoods - an outstanding opportunity for investors, builders, or visionary end users.

Mortgage Calculator

Est. Monthly Payment

$18,092

Principal & Interest$14,411
Property Tax$2,850
Insurance$831
%($570,000)
%

Investment Score

0D
Est. Monthly Rent
$4,420
Monthly Cashflow

Rent − PITIA

$-13,672
Full Cashflow

Incl. vacancy, PM, maint, capex

$-17,064

Mortgage (P+I)
$14,411
Cap Rate
-1.12%
Cash-on-Cash
-35.92%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.24
Break-even Rent
$26,581

NOI (Annual)
$-31,831
Price-to-Rent

Lower = better for investors

53.7

* 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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