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1185 Sunset Cliffs
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1185 Sunset Cliffs

Dbottom 20%

San Diego, CA 92107

$4,500,000
NEW — 0d
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.

75 licensed short-term rentals within ½ mile (59 whole home), from the cities' license and permit lists of Nov 5, 2026.

Pass at asking: -$27,023/mo full cashflow at 20% down, 7.49% rate.

Works at $996,438 (78% under asking); even all cash loses money at asking.

Rent $9,982/mo from 11 leases of 4–6 bed houses within 2 mi ($9,741–$10,177).

Beds

5

Baths

5.5

Sqft

4,518

Year Built

1980

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW26112433

This property is in San Diego (92107). View neighborhood stats →

About This Property

Hard to find ocean view properties, but here is the opportunity for you to own this Exceptional oceanfront property located in the prestigious area of Sunset Cliffs. listen to the ocean from your master suite and watch the wave from your living room. Property is fully furnished and in turnkey condition. There are 3 units on this 14,300 (almost 1/3 acre) with panoramic ocean and coastline views. The main house offers about 3200 sq.ft one level with 3 master suites, upgraded flooring, picture windows, paint, roof, stainless appliances, separate living and family room with fireplace and vaulted ceilings. The back units offer separate entrances and fully furnished with ocean view from your private deck. The backyard offers water features and super spacious for your private gatherings.EXCLUSIONS:

Mortgage Calculator

Est. Monthly Payment

$30,960

Principal & Interest$25,147
Property Tax$4,500
Insurance$1,312
%($900,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sunset View Elementary · grades K-4 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

  • High

    Point Loma 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

3 comps found

This Property

$9,982

vs

Comp Average

$11,935

4386 Newport Ave

4386 Newport Ave

5bd / 4.5ba · 4,055 sqft · Single Family

$4.00M

Est. $14,900/mo

4504 Osprey St

4504 Osprey St

5bd / 6.5ba · 4,375 sqft · Single Family

$5.30M

Est. $9,823/mo

966 Cordova Street

966 Cordova Street

4bd / 5ba · 5,471 sqft · Single Family

$5.39M

Est. $11,083/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$9,982

11 leases of 4–6 bed houses within 2 mi · $9,741–$10,177

Monthly Cashflow

Rent − PITIA

-$20,977
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,023

What would make this work?

$27,023/mo short at 20% down; +$35,095/mo rent closes it.

Break-even price

78% under asking

$996,438
Break-even rent

$35,095/mo above the estimate

$45,077/mo
Cashflow at 35% down
−$22,308/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)
$25,147
Cap Rate
-0.37%
Cash-on-Cash
-36.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.32
NOI (Annual)
-$16,521
Price-to-Rent

Lower = better for investors

37.6

* 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.

Open Full Calculator
DCashflow−$27,023/mo