1177 Pacific Beach Dr #A
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1177 Pacific Beach Dr #A

Dbottom 20%

San Diego, CA 92109

$3,199,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

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 →

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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

Principal & Interest$17,877
Property Tax$3,199
Insurance$933
HOA$350
%($639,800)
%
Loan Term

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.

Investment Score

0D
Est. Monthly Rent
$5,514

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)

Monthly Cashflow

Rent − PITIA

-$16,845
Full Cashflow

Incl. vacancy, PM, maint, capex

-$20,779

What would make this work?

$20,779/mo short at 20% down; +$26,985/mo rent closes it.

Break-even price

84% under asking

$505,119
Break-even rent

$26,985/mo above the estimate

$32,499/mo
Cashflow at 35% down
−$17,427/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$17,877
Cap Rate
-0.99%
Cash-on-Cash
-38.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.25

NOI (Annual)
-$31,516
Price-to-Rent

Lower = better for investors

48.3

* 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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DCashflow−$20,779/mo