1199 Pacific Highway #3401
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1199 Pacific Highway #3401

Dbottom 20%

San Diego, CA 92101

$2,000,000
STR: check · no permits in this complex · TOT 13.75%

96 licensed short-term rentals within ½ mile (87 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 39-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$11,827/mo full cashflow at 20% down, 7.43% rate.

Works at $460,159 (77% under asking); even all cash loses money at asking.

Rent $7,000/mo from 3 leases in this building ($6,762–$7,621).

Beds

2

Baths

2

Sqft

1,684

Year Built

2004

Days on Market

94

Property Type

Condo

HOA/mo

$1,856

MLS ID

260019097SD

This property is in San Diego (92101). View neighborhood stats →

Virtual Tour

About This Property

Experience waterfront living from the 34th floor of The Grande South in this highly desirable and rarely available 2 bed + den floor plan. Thoughtfully renovated with designer finishes, this exceptional residence showcases panoramic, unobstructed views of San Diego Bay, the Pacific Ocean & downtown skyline from nearly every room. Wide plank French oak flooring flows throughout, complementing the open concept design & sophisticated interiors. The spacious living, dining, and kitchen areas seamlessly connect to a private covered balcony, the perfect place to enjoy sunsets, passing yachts, and SeaWorld fireworks. The beautifully appointed kitchen features top of the line Miele and GE Monogram appliances, stone countertops, custom designer finishes, and new fixtures. A brand new washer & dryer, approximately 170 square feet of closet space, and Toto fixtures in both bathrooms complete this exceptional residence. Ideally located in the Columbia District, The Grande South places you at the center of San Diego's premier waterfront lifestyle, just moments from Little Italy's celebrated restaurants, cafés, boutiques, Seaport Village, and the harbor. Overlooking the multibillion dollar Embarcadero redevelopment, one of the most significant waterfront redevelopment projects in the country, this extraordinary location is being transformed with new parks, world class dining, luxury hotels, museums, and vibrant public spaces, making this an exceptional opportunity to own in one of San Diego's most exciting and evolving neighborhoods. (2) car side-by-side parking & storage.

Mortgage Calculator

Est. Monthly Payment

$15,550

Principal & Interest$11,111
Property Tax$2,000
Insurance$583
HOA$1,856
%($400,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Washington Elementary · grades PK-5 · San Diego Unified

  • Middle

    Roosevelt International Middle · grades 6-8 · San Diego Unified

  • High

    San Diego 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
$7,000

3 leases in this building · $6,762–$7,621

Thin data: only 3 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$8,550
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,827

What would make this work?

$11,827/mo short at 20% down; +$15,359/mo rent closes it.

Break-even price

77% under asking

$460,159
Break-even rent

$15,359/mo above the estimate

$22,359/mo
Cashflow at 35% down
−$9,743/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)
$11,111
Cap Rate
-0.22%
Cash-on-Cash
-35.48%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
-$4,388
Price-to-Rent

Lower = better for investors

23.8

* Modelled at 20% down, 7.43% 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−$11,827/mo