1278 Pacific Beach Dr

1278 Pacific Beach Dr #3

D

San Diego, CA 92109

$999,000

Soft Appraisal Value: $985,500 · 1.4% above estimate

Beds

2

Baths

2

Sqft

1,032

Year Built

1974

Days on Market

24

Property Type

Condo

HOA/mo

$500

MLS ID

260005798SD

Description

Dwell West Homes proudly presents Unit 3 at 1278 Pacific Beach Drive — a turnkey coastal condo just steps from Mission Bay and Fanuel Street Park. Located in a well-maintained gated complex, residents enjoy a shared rooftop deck with bay breezes and sunset views, along with the convenience of elevator access. The unit has been fully renovated with a clean, modern design and thoughtful layout. Highlights include a refreshed kitchen with contemporary finishes, updated bathrooms, new flooring throughout, and in-unit laundry hookups for everyday convenience. The home is move-in ready and ideal for low-maintenance coastal living whether you’re looking for a primary residence, second home, or investment (HOA does not currently prohibit short term rentals). Parking is a standout feature, offering a private garage plus an additional parking space — a rare find this close to the bay. Ideally situated within walking distance to Mission Bay, the beach, parks, dining, and shopping, this property delivers an exceptional blend of lifestyle, location, and convenience.

Mortgage Calculator

Est. Monthly Payment

$6,842

Principal & Interest$5,051
Property Tax$999
Insurance$291
HOA$500
%($199,800)
%

Investment Score

2D
Est. Monthly Rent
$4,083
Monthly Cashflow

Rent − PITIA

$-2,758
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,530

Mortgage (P+I)
$5,051
Cap Rate
0.63%
Cash-on-Cash
-27.21%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$9,966

NOI (Annual)
$6,257
Price-to-Rent

Lower = better for investors

20.4

* 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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