1230 Seacoast Drive #2
Ctop 80%Imperial Beach, CA 91932
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Pass at asking: -$4,423/mo full cashflow at 20% down, 7.43% rate.
Works at $324,000 (64% under asking), or at 91% down.
Rent $3,918/mo from 8 leases of 1–3 bed condos & townhomes within 1 mi, same school area ($3,228–$3,826). Previously leased for $3,300.
Beds
2
Baths
2
Sqft
1,392
Year Built
1981
Days on Market
253
Property Type
Condo
HOA/mo
$528
MLS ID
260004821SD
This property is in Imperial Beach (91932). Browse neighborhood analytics →
About This Property
Spectacular Price Improvement! Welcome to this beautiful oceanfront condominium residence on the beach! Watch sunsets and enjoy the surf and sand from your living and dining rooms! Walking distance to restaurants and IB Pier. Enjoy bedroom patio view off the adjacent federal wildlife reserve. This is a one of a kind location offering stunning ocean and estuary views. Enjoy a chef's kitchen with granite countertops and stainless steel appliances. Newer flooring, gas fireplace, 2 secure parking garage spaces with storage area. A unique opportunity to live on the Pacific Ocean and the seller is motivated and ready to consider all reasonable offers!
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Est. Monthly Payment
$6,690
Location
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Zoned Schools
Elementary
Imperial Beach Charter · grades K-8 · South Bay Union
Middle
Mar Vista Academy · grades 7-8 · Sweetwater Union High
High
Mar Vista Senior High · grades 9-12 · Sweetwater Union High
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
$3,918
Comp Average
$3,305
270 Dahlia Ave
3bd / 2ba · 1,280 sqft · Condo
$630K
Est. $3,568/mo
152 Evergreen Ave
2bd / 2ba · 1,114 sqft · Condo
$725K
Est. $3,130/mo
1514 Seacoast
2bd / 2ba · 1,253 sqft · Condo
$999K
Est. $3,142/mo
1510 Seacoast
2bd / 2ba · 1,253 sqft · Condo
$1.13M
Est. $3,142/mo
714 Seacoast
2bd / 2ba · 1,211 sqft · Condo
$1.25M
Est. $3,545/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Previously leased for $3,300
8 leases of 1–3 bed condos & townhomes within 1 mi, same school area · $3,228–$3,826
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,423/mo short at 20% down; 91% down or +$5,744/mo rent closes it.
- Break-even price
- $324,000
- Break-even rent
- $9,662/mo
- Cashflow at 35% down
- −$3,486/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
64% under asking
$5,744/mo above the estimate
$819,000 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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