3281 Loma Riviera Drive

3281 Loma Riviera Drive

D

San Diego, CA 92110

$950,000

Soft Appraisal Value: $931,100 · 2.0% above estimate

Beds

4

Baths

2.5

Sqft

1,716

Year Built

1965

Days on Market

31

Property Type

Townhouse

HOA/mo

$740

MLS ID

260005223SD

Description

Welcome to this beautifully appointed townhome in the highly sought-after Loma Riviera community of Point Loma, with thoughtfully updated living spaces that blend comfort and functionality in an exceptional coastal location. Step inside the light-filled living space to an inviting open layout. The updated kitchen serves as the heart of the home, featuring a new kitchen island, quartz countertops with matching backsplash, and new SS sink, creating a modern and functional space ideal for everyday living and entertaining. The home has undergone extensive updates, including refreshed and modernized bathrooms with upgraded plumbing, new vanities, tile flooring, new tub surround tile, and full shower renovation. Restored and revitalized hardwood flooring and new baseboards throughout the property enhance both the style and comfort of the interior spaces. Additional highlights include central A/C, laundry room, abundant storage, and adjacent carport with the parking spots. The generous living area flows seamlessly to a large private back patio, creating ideal indoor-outdoor living. The home also offers multiple outdoor spaces, including a front patio and two private balconies, perfect for enjoying coastal breezes and San Diego’s year-round sunshine. Residents of Loma Riviera enjoy resort-style amenities including a community pool, clubhouse, BBQ area, and beautifully maintained grounds. Ideally located minutes from San Diego’s beaches, shopping, dining, and major freeways, this home offers the perfect blend of relaxed coastal living and everyday convenience. FHA and VA approved!

Mortgage Calculator

Est. Monthly Payment

$6,771

Principal & Interest$4,804
Property Tax$950
Insurance$277
HOA$740
%($190,000)
%

Investment Score

7D
Est. Monthly Rent
$5,936
Monthly Cashflow

Rent − PITIA

$-835
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,992

Mortgage (P+I)
$4,804
Cap Rate
2.29%
Cash-on-Cash
-18.89%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.88
Break-even Rent
$9,821

NOI (Annual)
$21,745
Price-to-Rent

Lower = better for investors

13.3

* 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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