2603 Figueroa Blvd, San Diego, California 92109, San Diego, 92109 - 4 bed, 4 bath
2603 Figueroa Blvd
San Diego, California 92109
Property Price
SUMMARY
Analysis of 2603 Figueroa Blvd, San Diego, California 92109 reveals a Fairly Priced Property with a current list price of $1,589,000 aligned with the estimated $1,589,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2603 Figueroa Blvd Subject | $1,589,000* List Price | 4 | 4 | 1,872 | $849 | - |
A 2515 Geranium Street Sold | $1,700,000 | 4 | 3 | 1,968 | $864 | 0.4 mi |
B 5165 Pacifica Drive Sold | $1,851,375 | 4 | 2 | 2,006 | $923 | 0.9 mi |
C 2318 Chalcedony St Sold | $1,700,000 | 3 | 3 | 2,016 | $843 | 0.5 mi |
D 5227 Middleton Road Sold | $1,931,000 | 4 | 3 | 2,160 | $894 | 0.9 mi |
E 1897 Malden St Sold | $2,000,000 | 4 | 3 | 2,526 | $792 | 1.0 mi |
F 4875 Academy St Pending | $1,575,000 List Price | 3 | 2 | 1,564 | $1,007 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1993, the property is in move-in ready condition with significant interior updates. The kitchen features modern stone countertops and stainless steel appliances, while the bathrooms have been refreshed with contemporary vanities and tiled showers. The flooring consists of updated wood-look laminate and well-maintained carpets, and the overall aesthetic is clean and functional for a high-end rental or primary residence.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- High-Yield Income Stream
The property generates a robust $9,200 monthly income with a lease secured through July 2026, offering immediate and stable cash flow for investors in a high-demand coastal rental market.
- Prime Location and Privacy
Situated at the end of a quiet cul-de-sac in Pacific Beach overlooking Rose Creek, the home provides a rare blend of privacy and natural views while remaining close to beaches and dining.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-06-02. The sold price is $1,455,000.00.
- Delayed Owner-Occupancy
The existing lease agreement through July 2026 prevents immediate possession, making the property unsuitable for buyers looking for a primary residence to occupy in the near future.
- Market Pricing Adjustments
Multiple price reductions from the initial listing suggest the property has faced market resistance, likely due to the constraints of the long-term tenant lease and current interest rate environment.
About 2603 Figueroa Blvd
Just Reduced to $1,589,000 - $9,200/Month Income in Pacific Beach Through July 2026 Recently reduced and positioned to move. This Pacific Beach income property is currently leased at $9,200 per month through July 2026, delivering $110,400 in annual income from day one. For investors, this is a stabilized coastal asset with strong cash flow in one of San Diego’s most desirable rental markets. For future owner-occupants or house-hack buyers, the property offers flexibility to occupy, reconfigure, or reposition after the lease term. The three-level layout provides excellent separation of space and is currently configured to maximize rental performance with multiple private sleeping areas. The main level features an open-concept living area and kitchen while upper levels offer private retreats with creek views and balcony access. Built in 1993 and located at the end of a quiet cul-de-sac overlooking Rose Creek, the property offers privacy, natural views, and proximity to beaches, dining, and major transit routes. Zoned RM-3-8 with long-term flexibility. Newly reduced and competitively positioned for serious buyers. Lease in place through July 2026. Please do not disturb tenants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Sessions Elementary School
Grades K-5 • 0.6 mi
Toler Elementary School
Grades K-5 • 0.8 mi
Crown Point Jr Music Academy
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 69% |
| Square foot | 1,872 | 2,006 | 45% |
| Lot Size | - | 3,701 | 24% |
| Price | $1.59M | $2.25M | 21% |
| Price per sq ft | $849 | $1.2K | 6% |
| Built year | 1993 | 1977 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 157 | 16% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,589,000
$1,600,000
-1% Price Drop
Initial Listing
Price Change
Jan 21, 2026
$1,600,000
$1,675,000
-4% Price Drop
Initial Listing
Price Change
Dec 13, 2025
$1,675,000
Initial Listing
Price Change
Dec 12, 2025
$1,575,000
Initial Listing
Sold
Jun 2, 2025
$1,455,000
Public Record
Sold
Apr 29, 2013
$630,000
Public Record
Sold
Sep 17, 2004
$475,000
Public Record