881 Thomas Ave
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881 Thomas Ave #21

D

San Diego, CA 92109

$1,250,000
NEW — 1d on market

Soft Appraisal Value: $1,236,400 · 1.1% above estimate

Beds

3

Baths

2

Sqft

1,362

Year Built

1974

Days on Market

1

Property Type

Condo

HOA/mo

$580

MLS ID

260008984SD

This property is in San Diego (92109). View neighborhood stats →

About This Property

Stunning loft-style townhome in Pacific Beach, approximately 1.5 blocks from the ocean. This unique two-story residence occupies the top two floors of a four-story elevator-served building, offering exceptional natural light with a dramatic 18-foot ceiling, and windows with southeast corner exposure. Recently remodeled with modern finishes throughout, the home features an open-concept kitchen with stainless steel appliances, quartz countertops, a fresh new designer backsplash, reverse osmosis water filtration, and seamless flow into the living and dining areas. The flexible floorplan provides private access from both the third and fourth floors, allowing for a variety of living configurations. The main level includes a spacious bedroom, full bathroom, and open living space, while the upper level offers a private primary suite with a designer bathroom, an additional bedroom, and an in-unit laundry area. Interior upgrades include light-toned cabinetry, modern tile flooring in the kitchen and bathrooms, quartz surfaces, and custom lighting and plumbing fixtures. Community amenities include a fitness room, a large common room for events, new security camera system, gated and secure parking with two side-by-side spaces. Conveniently located across the street from Ralphs grocery store and close to dining, shopping, and coastal recreation in one of Pacific Beach’s most walkable neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$8,515

Principal & Interest$6,321
Property Tax$1,250
Insurance$365
HOA$580
%($250,000)
%

Location

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Investment Score

4D
Est. Monthly Rent
$6,041
Monthly Cashflow

Rent − PITIA

$-2,475
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,906

Mortgage (P+I)
$6,321
Cap Rate
1.36%
Cash-on-Cash
-23.55%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$12,412

NOI (Annual)
$16,979
Price-to-Rent

Lower = better for investors

17.2

* 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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