
1177 Pacific Beach Dr #A
Dbottom 20%San Diego, CA 92109
One license per person in San Diego: whether you can hold it depends on you, not only the home.
This parcel holds a short-term rental license: Tier 3 (whole home), through Apr 2027. It doesn’t transfer: a buyer applies for their own.
410 licensed short-term rentals within ½ mile (357 whole home), from the cities' license and permit lists of Nov 2, 2026.
1 short-term rental license on file in this 4-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$20,779/mo full cashflow at 20% down, 7.49% rate.
Works at $505,119 (84% under asking); even all cash loses money at asking.
Rent $5,514/mo from 9 leases of 2–4 bed condos & townhomes within 0.5 mi ($4,284–$6,038).
Beds
3
Baths
2
Sqft
1,552
Year Built
1993
Days on Market
19
Property Type
Condo
HOA/mo
$350
MLS ID
260024745SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Live directly on the sand at one of Sail Bay’s most coveted waterfront addresses. This rare, ground-floor, single-level three-bedroom, two-bath residence offers true beachfront living with panoramic bay views and effortless indoor–outdoor flow—just steps from the water and moments from the Pacific Ocean. Positioned along the calm, swimmable shores of Sail Bay, the home opens to an exclusive-use beachfront patio, where mornings begin with glassy water and evenings wind down with golden sunsets reflecting across the bay. Inside, generous living spaces are designed to capture the view, creating a relaxed coastal atmosphere that feels equally suited for full-time living or extended stays with family and friends. Beyond lifestyle, this property stands out as a proven income-producing short-term rental, with a decade-long track record of strong performance and loyal repeat guests. Few opportunities combine this level of location, usability, and rental demand—making it ideal for buyers seeking both enjoyment and long-term value. Set within an intimate four-unit, secure building, owners enjoy low $350/mo HOA dues, full-size in-unit laundry, a private one-car garage, plus an additional parking space. Just steps to Sail Bay and less than half a mile to the ocean, this home is walkable to the Catamaran Resort, waterfront dining, and the vibrant coastal lifestyle Pacific Beach is known for. Whether you envision it as a legacy family retreat or a high-performing coastal investment, this is a property that delivers today—and endures for years to come.
Mortgage Calculator
Est. Monthly Payment
$22,359
Location
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Zoned Schools
Elementary
Crown Point Elementary · grades PK-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$5,514
Comp Average
$5,044
2689 Ocean Front Walk
3bd / 2.5ba · 1,615 sqft · Condo
$3.20M
Est. $5,993/mo
3537 Ocean Front Walk
3bd / 2.5ba · 1,605 sqft · Condo
$3.75M
Est. $6,091/mo
2981 Ocean Front Walk
3bd / 3ba · 1,613 sqft · Condo
$4.50M
Est. $4,899/mo
2999 Ocean Front Walk
2bd / 2ba · 1,087 sqft · Condo
$2.30M
Est. $3,870/mo
3786 Strandway
2bd / 2.5ba · 1,091 sqft · Condo
$2.15M
Est. $4,365/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2–4 bed condos & townhomes within 0.5 mi · $4,284–$6,038
Blended 50/50 with the zip's market median ($6,044)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$20,779/mo short at 20% down; +$26,985/mo rent closes it.
- Break-even price
- $505,119
- Break-even rent
- $32,499/mo
- Cashflow at 35% down
- −$17,427/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
84% under asking
$26,985/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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