5015 Cape May Avenue
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5015 Cape May Avenue #104

C

San Diego, CA 92107

$750,000
NEW — 0d

Soft Appraisal Value: $729,800 · 2.8% above estimate

Beds

2

Baths

2

Sqft

910

Year Built

1967

Days on Market

0

Property Type

Condo

HOA/mo

$644

MLS ID

PTP2605295

This property is in San Diego (92107). View neighborhood stats →

Virtual Tour

About This Property

WAKE UP, grab a coffee, and watch the morning light reflect off the Pacific. Just one block from the beach, this two-bedroom, two-bath corner residence captures the effortless walkability that defines life in Ocean Beach. You're steps from Newport Avenue's restaurants, breweries, and cafes, a short stroll to the pier and the weekly farmers market—with Sunset Cliffs just down the road. This home's position is just off the main corridor and offers a welcome sense of privacy and quiet at the end of the day. This balance is what makes this home one of Ocean Beach's most sought-after locations. Inside, the residence has been exceptionally cared for. Engineered wood floors add warmth throughout the main living areas. The spacious primary suite includes a walk-in closet and a private en-suite bath. Practical features further set this home apart, including two-car tandem parking, a private storage locker, and elevator access—amenities that are increasingly difficult to find this close to the beach. Residents of this community also enjoy a courtyard pool, recreation room, on-site laundry, and a fresh exterior repaint already underway to enhance the community's curb appeal. Two-bedroom residences in Cape May Towers do not come often. For buyers seeking an authentic Ocean Beach lifestyle, this is the one! Call to schedule your private showing today.

Mortgage Calculator

Est. Monthly Payment

$5,405

Principal & Interest$3,792
Property Tax$750
Insurance$219
HOA$644
%($150,000)
%

Location

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Investment Score

28D
Est. Monthly Rent
$3,684
Monthly Cashflow

Rent − PITIA

$-1,721
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,194

Mortgage (P+I)
$3,792
Cap Rate
0.96%
Cash-on-Cash
-25.55%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$7,832

NOI (Annual)
$7,184
Price-to-Rent

Lower = better for investors

17.0

* 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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