1251 Parker Pl San Diego

1251 Parker Pl San Diego

D

, CA 92109

$1,045,000

Beds

2

Baths

2

Sqft

980

Year Built

1974

Days on Market

21

Property Type

Condo

HOA/mo

$1,100

MLS ID

260003248SD

Description

Experience the very best of San Diego coastal living in this rarely available, renovated two-level condominium ideally located directly on prestigious Sail Bay. Just steps from the sand, scenic boardwalks, bike and pedestrian paths, and calm bay waters perfect for kayaking, paddle-boarding, and swimming, this home offers an unmatched waterfront lifestyle in the heart of Pacific Beach. The entry level welcomes you with a spacious, light-filled living room featuring bamboo hardwood flooring, white plantation shutters, built-in shelving, and a discreet wet bar—ideal for entertaining after a day on the water. The thoughtful split-level layout leads down to the lower level, where a newly updated kitchen and open dining area create the perfect gathering space for friends and family. Two spacious primary suites are designed as a tranquil retreat; one offers direct access through sliding glass doors to your exclusive-use patio, where you can enjoy peek-a-boo bay views and the lush green park. From the patio, walk a few steps to the sand or unwind in the waterfront spa overlooking Sail Bay. The HOA does not currently restrict short-term rentals (city licensing requirements apply), offering flexibility for a primary residence, second home, or vacation rental opportunity. Just minutes from restaurants, shops, yacht and sailing clubs, and endless outdoor recreation, this exceptional bay front home offers access to everything San Diego has to offer. Swim, sunbathe, stroll the iconic Sail Bay boardwalk, and enjoy breathtaking sunsets over the water; this is coastal living at its finest! Recent upgrades include a remodeled kitchen, bronze door hardware, new combination light and fan fixtures in the bedrooms, and a newer electrical panel. The bright, modern kitchen showcases stainless steel appliances, a newer refrigerator, quartz countertops, contemporary cabinetry, and luxury vinyl plank flooring. The bedrooms feature bamboo hardwood floors, ample closet space, and beautifully updated bathrooms. Additional community features include a furnished lobby entrance, gated underground parking, entry call box, garage laundry facilities with multiple machines, surfboard and paddle-board storage, bike storage, and oversized private storage lockers conveniently located behind your designated parking space. Available completely furnished. Don’t miss your chance to own this incredible Bayfront home in San Diego!

Mortgage Calculator

Est. Monthly Payment

$7,734

Principal & Interest$5,284
Property Tax$1,045
Insurance$305
HOA$1,100
%($209,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,395
Monthly Cashflow

Rent − PITI − HOA

$-5,339
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,761

Mortgage (P+I)
$5,284
Cap Rate
-1.70%
Cash-on-Cash
-30.66%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.45
Break-even Rent
$7,734

NOI (Annual)
$-17,720
Price-to-Rent

Lower = better for investors

36.4

* Defaults: 20% down, 6.5% rate, 30yr.

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