5027 Santa Monica Avenue

5027 Santa Monica Avenue

D

San Diego, CA 92107

$1,199,000
NEW — 0d on market

Beds

3

Baths

2.5

Sqft

1,371

Year Built

1989

Days on Market

0

Property Type

Condo

HOA/mo

$468

MLS ID

NDP2602001

Description

Wake up to salt air and the sound of waves just a block away. This beautifully reimagined coastal retreat sits in the beating heart of Ocean Beach — one of San Diego's most beloved and authentically eclectic beach communities — where the pier, the sand, and the vibrant energy of Newport Avenue are all part of your daily life. Step inside and an airy, light-filled living space welcomes you with warm hardwood floors flowing through an open-concept layout. The living room features a stone-surround fireplace and oversized sliding glass doors that open to a private patio (the only one in the building), blurring the line between indoor and outdoor living. The kitchen is a showstopper — a generous peninsula with seating for six beneath modern pendant lights, surrounded by white shaker cabinetry, quartz countertops, stainless steel appliances, and a glass tile backsplash. It's a space built for hosting, whether you're plating tacos after a sunset surf or pouring wine for a dinner party. Three serene bedrooms offer thoughtful retreats — the primary with palm-framed views, the second and third bathed in skylight. Both bathrooms feature marble-style countertops, warm wood vanities, matte black fixtures, and elegant tilework, including a walk-in glass shower and a separate tub-shower combo. But the real magic is the address. One block to the sand, steps to the OB Pier, surrounded by the farmers market, surf shops, beloved restaurants, and the kind of neighborhood character that can't be replicated. Ocean Beach isn't just a location — it's a lifestyle. This is your chance to own a piece of one of California's last true beach towns. Welcome home.

Mortgage Calculator

Est. Monthly Payment

$8,080

Principal & Interest$6,063
Property Tax$1,199
Insurance$350
HOA$468
%($239,800)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$3,449
Monthly Cashflow

Rent − PITI − HOA

$-4,631
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,423

Mortgage (P+I)
$6,063
Cap Rate
-0.36%
Cash-on-Cash
-23.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.57
Break-even Rent
$8,080

NOI (Annual)
$-4,325
Price-to-Rent

Lower = better for investors

29.0

* Defaults: 20% down, 6.5% rate, 30yr.

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