5015 Cape May
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5015 Cape May #108

B

San Diego, CA 92107

$534,000

Soft Appraisal Value: $527,900 · 1.2% above estimate

Beds

1

Baths

1

Sqft

638

Year Built

1967

Days on Market

99

Property Type

Condo

HOA/mo

$618

MLS ID

260007484SD

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

About This Property

Live the ultimate coastal lifestyle in this beautifully updated, first-floor condo in the secure Cape May Towers complex. Perfectly situated at the corner of Cape May and Bacon, you are just a block from the sand and a brief stroll to Newport Avenue’s lively restaurants, bars, cafes, and shopping. Enjoy premium, walkable Ocean Beach living with the iconic pier and Sunset Cliffs right down the road. Inside, the home welcomes you with fresh paint and ambient recessed and under-cabinet lighting. The kitchen is designed in an efficient galley style and showcases quartz countertops, sleek hardware, and soft-close shaker cabinetry. These finishes extend into the bathroom, while ceiling fans in the dining area and bedroom keep the ocean breezes flowing comfortably. Cape May Towers offers exceptional community amenities, including a gated courtyard swimming pool, an onsite recreation room for private gatherings, secure elevator access, resident exclusive on-site laundry facilities, a dedicated personal storage locker, a pet-friendly policy, and a strictly smoke-free environment. This unit also includes an assigned parking space off of the alley. Exciting community enhancements are just around the corner, as the HOA has scheduled a full exterior repaint of the property in the coming months. Whether you are looking for a primary beach retreat or a coastal investment—complying with the complex's 30-day minimum rental policy—this move in ready home is a must-see.

Mortgage Calculator

Est. Monthly Payment

$4,008

Principal & Interest$2,700
Property Tax$534
Insurance$156
HOA$618
%($106,800)
%

Location

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Investment Score

34C
Est. Monthly Rent
$2,720
Monthly Cashflow

Rent − PITIA

$-1,288
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,359

Mortgage (P+I)
$2,700
Cap Rate
0.77%
Cash-on-Cash
-26.50%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$5,783

NOI (Annual)
$4,097
Price-to-Rent

Lower = better for investors

16.4

* 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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