1251 Parker Pl.
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1251 Parker Pl. #2J

D

San Diego, CA 92109

$929,000

Soft Appraisal Value: $966,100 · 3.8% below estimate

Beds

2

Baths

2

Sqft

971

Year Built

1974

Days on Market

49

Property Type

Condo

HOA/mo

$1,100

MLS ID

PTP2602835

This property is in San Diego (92109). View neighborhood stats →

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About This Property

Experience the ultimate coastal lifestyle with this stunning bayfront condo in the heart of Pacific Beach! Located just six blocks from the ocean and a short stroll from the vibrant restaurants, bars, and shops of Pacific Beach, this recently upgraded two-level condo offers the perfect blend of relaxation and convenience. Short-term rentals are allowed, making this an incredible opportunity for those seeking a waterfront condo, vacation home, or lucrative investment property. Enjoy peek-a-boo bay views from the patio off the light-filled living room, where large sliding doors invite in the coastal breeze. The lower level features a modern kitchen, dining area, and two spacious bedrooms with views of Fanuel Street Park. The condo also includes an in-unit washer and dryer, with additional community machines available. Step outside and immerse yourself in the beauty of Sail Bay, where pedestrian and bike paths, kayakers, paddle boarders, swimmers, beach volleyball courts, a grassy park, and sandy beaches await right at your doorstep. This 26 unit Bayfront complex offers fantastic amenities, including a gated underground garage with a designated parking space and storage, a secure entry call box, paddle and surfboard storage, and a large hot tub overlooking the bay.

Mortgage Calculator

Est. Monthly Payment

$6,997

Principal & Interest$4,698
Property Tax$929
Insurance$271
HOA$1,100
%($185,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$3,858
Monthly Cashflow

Rent − PITIA

$-3,140
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,801

Mortgage (P+I)
$4,698
Cap Rate
-0.13%
Cash-on-Cash
-31.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$10,093

NOI (Annual)
$-1,242
Price-to-Rent

Lower = better for investors

20.1

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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