1220 Emerald St
Ctop 80%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.
310 licensed short-term rentals within ½ mile (247 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$15,804/mo full cashflow at 20% down, 7.43% rate.
Works at $1,241,261 (62% under asking), or at 89% down.
Rent $12,381/mo from 33 leases of 4–6 bed houses within 2 mi ($10,743–$16,210).
Beds
5
Baths
4
Sqft
3,270
Year Built
2017
Days on Market
280
Property Type
Single Family
HOA/mo
N/A
MLS ID
260002650SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Just blocks from the sand, boardwalk, and vibrant heart of Pacific Beach, this 2017-built coastal retreat blends modern design with the relaxed elegance of Southern California living. An open-concept layout showcases a chef’s kitchen with Viking appliances, quartz countertops, and a built-in wine fridge, seamlessly connecting to spacious living areas and a private backyard oasis with a resort-style pool and spa. Entertain in style on the rooftop deck, where panoramic ocean and sunset views stretch from Mission Bay to the cliffs of La Jolla. Built for versatility, this home is equally perfect for raising a family, hosting unforgettable gatherings, or operating as a high-income producing short-term rental. Additional highlights include dual EV chargers, integrated sound throughout, and an unbeatable walkable location near top restaurants, boutiques, and outdoor activities. Experience Pacific Beach living at its finest in one of San Diego’s most coveted neighborhoods.
Mortgage Calculator
Est. Monthly Payment
$22,589
Location
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Zoned Schools
Elementary
Pacific Beach 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
$12,381
Comp Average
$10,461
853 Sapphire
5bd / 6ba · 2,759 sqft · Single Family
$3.19M
Est. $11,079/mo
4835 Academy St
4bd / 3.5ba · 2,929 sqft · Single Family
$2.83M
Est. $9,679/mo
4801 Academy
5bd / 5.5ba · 2,923 sqft · Single Family
$3.65M
Est. $11,060/mo
1920 Beryl St
5bd / 4ba · 3,054 sqft · Single Family
$3.75M
Est. $11,402/mo
4960 Jewell
4bd / 3.5ba · 3,277 sqft · Single Family
$3.65M
Est. $9,087/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
33 leases of 4–6 bed houses within 2 mi · $10,743–$16,210
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$15,804/mo short at 20% down; 89% down or +$20,525/mo rent closes it.
- Break-even price
- $1,241,261
- Break-even rent
- $32,906/mo
- Cashflow at 35% down
- −$12,368/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$20,525/mo above the estimate
$2,936,110 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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