4051 Fanuel
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4051 Fanuel #8

D

San Diego, CA 92109

$880,000

Soft Appraisal Value: $865,100 · 1.7% above estimate

Beds

2

Baths

2

Sqft

865

Year Built

1975

Days on Market

74

Property Type

Condo

HOA/mo

$450

MLS ID

NDP2600951

This property is in San Diego (92109). View neighborhood stats →

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About This Property

Prime location across from Sail Bay, the Boardwalk and Fanuel Street Park. Just steps to the Bay and 6 blocks to the Beach. Sunny active bayside setting ideal for walking, biking, skating, paddle boarding, boating and all outdoor enthusiasts. This charming 2 Bed / 1.5 Bath unit is in a private and quiet location tucked far off the street and features updated flooring, kitchen and bathrooms, large balconies, a fireplace, and in-unit laundry. Owners enjoy 1 private parking space, a personal garage locker for bikes and beach gear and a shared outdoor patio. Quaint HOA (10 units) offers gated entry, locked underground parking garage and has strong appeal for both investors and owner-occupants seeking low-maintenance coastal living.

Mortgage Calculator

Est. Monthly Payment

$6,036

Principal & Interest$4,450
Property Tax$880
Insurance$257
HOA$450
%($176,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$3,784
Monthly Cashflow

Rent − PITIA

$-2,253
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,856

Mortgage (P+I)
$4,450
Cap Rate
0.81%
Cash-on-Cash
-26.29%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.63
Break-even Rent
$8,792

NOI (Annual)
$7,120
Price-to-Rent

Lower = better for investors

19.4

* 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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