2603 Figueroa Blvd, San Diego, California 92109, San Diego, 92109 - 4 bed, 4 bath
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San Diego, California 92109
This Stabilized Coastal Income Asset is a High-Potential Investment Opportunity listed at $1,589,000, which aligns with its $1,589,000 Fair Market Value. The property generates a robust $9,200 Monthly Income through July 2026, providing immediate cash flow in a premier coastal market. Featuring a Move-In Ready Condition with Creek Views and flexible RM-3-8 Zoning, the three-level layout offers significant long-term upside. Proximity to the 10/10 Bird Rock Elementary adds enduring value. This is an ideal acquisition for Buy-and-Hold Investors or Future Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2603 Figueroa Blvd Subject | $1,449,000* List Price | 4 | 4 | 1,872 | $774 | - |
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 |
* Subject property listed price vs sold prices of comps.
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.
Elementary School: Bird Rock Elementary School (10/10).
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.
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.
The property was recently sold within the past year on 2025-06-02. The sold price is $1,455,000.00.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 4.0 | 3.0 | 70% |
| Square foot | 1,872 | 1,920 | 50% |
| Lot Size | - | 4,667.5 | 24% |
| Price | $1.45M | $2.25M | 14% |
| Price per sq ft | $774 | $1.2K | 1% |
| Built year | 1993 | 1970 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 131 | 154 | 39% |
Apr 8, 2026
$1,449,000
$1,485,000
-2% Price Drop
Initial Listing
Mar 24, 2026
$1,485,000
$1,525,000
-3% Price Drop
Initial Listing
Mar 15, 2026
$1,525,000
$1,589,000
-4% Price Drop
Initial Listing
Mar 4, 2026
$1,589,000
$1,600,000
-1% Price Drop
Initial Listing
Jan 21, 2026
$1,600,000
$1,675,000
-4% Price Drop
Initial Listing
Dec 13, 2025
$1,675,000
Initial Listing
Dec 12, 2025
$1,575,000
Initial Listing
Jun 2, 2025
$1,455,000
Public Record
Apr 29, 2013
$630,000
Public Record
Sep 17, 2004
$475,000
Public Record