558 12th Street
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558 12th Street

D

San Diego, CA 92102

$1,175,000
NEW — 1d

Beds

Baths

Sqft

2,394

Year Built

1979

Days on Market

1

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2602881

This property is in San Diego (92102). View neighborhood stats →

About This Property

LOCATION MATTERS…!!! This well-kept income property is located on the bay side of Palm and only a short block away from the bay and the renowned bike path that leads to silver strand and Coronado. Two completely separated homes each with its own gas & electric meter, water meter, private yards and parking spaces. Perfect for investors or owner occupants looking to offset their mortgage. 558 12th Street is a spacious 4-bedroom, 2-bath residence with a one-car detached garage & two driveway parking spaces. It also has less than 3 years new roof. 560 12th St. is a 2-bedroom, 1-bath directly above the three-car garage with one attached garage which provides direct entry to the unit. Both units have been fully updated just a few years ago and well maintained since then. Each unit includes refrigerator, dishwasher, stove, washer & dryer. Don't miss this rare opportunity to own an incredible duplex in the desirable Imperial Beach community just minutes away from the beach, dining, shopping, Coronado and easy access to I-5 and other major freeways. Check with the city, for potential lot split (SB9) obtaining individual APNs and possibility of conversion of the three garages into an ADU(s). Broker/Agent does not guarantee the accuracy of square footage, lot size, zoning, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer and Buyer's Agent are advised to independently verify the accuracy of all information through personal inspection and with appropriate licensed professionals. **Do not disturb occupants!** Shown with accepted offer.

Mortgage Calculator

Est. Monthly Payment

$7,459

Principal & Interest$5,941
Property Tax$1,175
Insurance$343
%($235,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$4,113
Monthly Cashflow

Rent − PITIA

$-3,346
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,272

Mortgage (P+I)
$5,941
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$10,959

NOI (Annual)
$8,038
Price-to-Rent

Lower = better for investors

23.8

* 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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