1251 Parker Pl San Diego

1251 Parker Pl San Diego

D

, CA 92109

$1,199,000

Beds

1

Baths

1

Sqft

738

Year Built

1974

Days on Market

11

Property Type

Condo

HOA/mo

$1,100

MLS ID

260003727SD

Description

WATERFRONT unit on Sail Bay!!. Gorgeous south-facing, corner unit on the sand!! Wake up to unobstructed, sparkling bay views on Sail Bay boardwalk. This rare waterfront unit offers panoramic bay views, steps from the sand. It has not been on the market for over 30 yrs and has the best location in the project. This 2nd floor unit allows for privacy but still lets you check out all the action on the boardwalk. Unit also sides to Fanuel Park, offering additional open, green space views. This is permanent vacation living. Large, one bedroom unit that has tons of natural light, has been updated and is in move-in condition. Features include newer kitchen appliances, gas fireplace, breakfast bar, track lighting, floor to ceiling windows, hardwood and tile flooring, mirrored wardrobe doors, custom California Closet organized closets. This project is approved for short term rentals and would make an awesome AirBNB. Unit comes with one assigned underground parking space and large storage unit. Project amenities include a large spa, common laundry room & board storage. Ample guest parking at adjacent Fanuel Park. Enjoy morning coffee watching boats drift by on your private balcony & evening lights shimmering across the water, with all the energy of PB just steps away—beaches, dining, and nightlife!

Mortgage Calculator

Est. Monthly Payment

$8,712

Principal & Interest$6,063
Property Tax$1,199
Insurance$350
HOA$1,100
%($239,800)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,395
Monthly Cashflow

Rent − PITI − HOA

$-6,317
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,867

Mortgage (P+I)
$6,063
Cap Rate
-1.81%
Cash-on-Cash
-31.61%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.40
Break-even Rent
$8,712

NOI (Annual)
$-21,648
Price-to-Rent

Lower = better for investors

41.7

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

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