1235 Parker Pl #2F
Dbottom 20%San Diego, CA 92109
One license per person in San Diego: whether you can hold it depends on you, not only the home.
333 licensed short-term rentals within ½ mile (294 whole home), from the cities' license and permit lists of Nov 11, 2026.
1 short-term rental license on file in this 42-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: -$8,883/mo full cashflow at 20% down, 7.43% rate.
Works at $338,353 (77% under asking); even all cash loses money at asking.
Rent $4,213/mo from 12 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area ($3,371–$5,717).
Beds
2
Baths
2
Sqft
1,034
Year Built
1974
Days on Market
95
Property Type
Condo
HOA/mo
$645
MLS ID
260019364SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Experience luxury waterfront living in this beautifully updated Mission Bay condo. Bright and modern, this 2-bedroom, 2-bath residence features an expansive open floor plan, brand-new double-pane windows throughout, and breathtaking bay views. Step onto your private balcony to enjoy stunning sunsets and watch the boats sail by, all from the comfort of home. The waterfront lifestyle continues just outside your door with a bayfront pool overlooking the water and direct access to the Mission Bay walking and the boardwalk. Additional amenities include secure gated entry and an assigned garaged parking space. Ideally located near the beach, local restaurants, coffee shops, shopping, and everything Pacific Beach has to offer, this waterfront residence combines an incredible coastal lifestyle with a prime location.
Mortgage Calculator
Est. Monthly Payment
$10,881
Location
Loading map...
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.
Comparable Properties
5 comps foundThis Property
$4,213
Comp Average
$4,233
4015 Crown Point Dr.
2bd / 2ba · 973 sqft · Condo
$949K
Est. $4,232/mo
727 Sapphire Street
2bd / 2ba · 997 sqft · Condo
$1.09M
Est. $4,380/mo
808 Jamaica Ct
2bd / 2ba · 978 sqft · Condo
$1.20M
Est. $4,037/mo
4944 Cass Street
2bd / 2ba · 1,100 sqft · Condo
$1.10M
Est. $4,448/mo
3243 Ocean Front Walk
2bd / 2ba · 972 sqft · Condo
$1.30M
Est. $4,066/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area · $3,371–$5,717
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$8,883/mo short at 20% down; +$11,537/mo rent closes it.
- Break-even price
- $338,353
- Break-even rent
- $15,750/mo
- Cashflow at 35% down
- −$7,326/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
77% under asking
$11,537/mo above the estimate
Negative even all-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.
Open Full Calculator