8975 Gramercy Drive

8975 Gramercy Drive

D

San Diego, CA 92123

$1,249,999
NEW — 5d on market

Beds

5

Baths

3

Sqft

1,890

Year Built

1958

Days on Market

5

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2601481

Description

Welcome to this beautifully renovated corner-lot home in the heart of Serra Mesa! This versatile property features 3 bedrooms, 2 bathrooms, plus a dedicated office space in the main home, along with a fully functional 1-bedroom mother-in-law suite, perfect for multigenerational living, guests, or potential rental income. Designed with modern living in mind, the open-concept layout is filled with natural light and anchored by a cozy wood-burning fireplace. The fully updated interior includes new plumbing, new HVAC, and thoughtful finishes throughout. Energy efficiency meets long-term savings with paid-off solar. Situated on a desirable corner lot in a centrally located San Diego neighborhood, this turnkey property offers flexibility, style, and functionality all in one. A rare Serra Mesa opportunity you don’t want to miss!

Mortgage Calculator

Est. Monthly Payment

$7,935

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

Investment Score

6D
Est. Monthly Rent

Market Rent Estimate

$5,003
Monthly Cashflow

Rent − PITI − HOA

$-2,933
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,125

Mortgage (P+I)
$6,321
Cap Rate
1.15%
Cash-on-Cash
-14.08%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$7,936

NOI (Annual)
$14,348
Price-to-Rent

Lower = better for investors

20.8

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

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