4750 Noyes
Btop 30%San Diego, CA 92109
Pass at asking: -$2,423/mo full cashflow at 20% down, 7.43% rate.
Works at $234,439 (57% under asking), or at 84% down.
Rent $2,973/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,770–$3,245).
Beds
2
Baths
1
Sqft
800
Year Built
1977
Days on Market
0
Property Type
Condo
HOA/mo
$489
MLS ID
260026538SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Best priced 2 bedroom property in all of Pacific Beach! Top-floor corner unit in North Pacific Beach! This 2-bedroom, 1 bath, 800 square feet condo has been thoughtfully updated. The open floorplan features luxury vinyl plank flooring, custom plantation shutters, & mini-split systems in the living room & both bedrooms for efficient heating & air conditioning (the air supplies look like wall artwork!). The fully renovated kitchen features quartz countertops, white shaker cabinetry with soft-close doors, & stainless-steel appliances. A private balcony off the living room is surrounded by mature trees, providing a quiet outdoor space. Additional features include brand new carpet in the bedrooms, recessed lighting & ceiling fans. Gated community & second entry gate is located near the unit for quick accessed to the assigned parking space. The complex also features a community laundry room very close to this unit (option to add private laundry inside unit!) & storage room for bikes/secure locker. Great beach area location with easy access to Kate Sessions Park, dining/entertainment, the bay, the beach & that true Pacific Beach lifestyle with so much walkability at your doorstep. East PB location provides convenient access to freeways.
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Est. Monthly Payment
$4,254
Location
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Comparable Properties
5 comps foundThis Property
$2,973
Comp Average
$3,006
4730 Noyes St
2bd / 2ba · 819 sqft · Condo
$599K
Est. $3,199/mo
1830 Thomas Avenue
1bd / 1ba · 765 sqft · Condo
$499K
Est. $2,751/mo

2388 Grand
1bd / 1ba · 722 sqft · Condo
$515K
Est. $2,550/mo
4600 Lamont St
2bd / 2ba · 900 sqft · Condo
$580K
Est. $2,979/mo
3800 Kendall St
2bd / 1ba · 798 sqft · Condo
$835K
Est. $3,553/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,770–$3,245
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,423/mo short at 20% down; 84% down or +$3,147/mo rent closes it.
- Break-even price
- $234,439
- Break-even rent
- $6,120/mo
- Cashflow at 35% down
- −$1,850/mo
- Down payment to break even
- 84%
- Rate to break even
- Not reachable
57% under asking
$3,147/mo above the estimate
$461,916 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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