1460 Seacoast Drive #11
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1460 Seacoast Drive #11

Ctop 80%

Imperial Beach, CA 91932

$545,000
STR: check · Imperial Beach: confirm the zone · TOT 14%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$2,619/mo full cashflow at 20% down, 7.43% rate.

Works at $204,000 (63% under asking), or at 90% down.

Rent $2,596/mo from 8 leases of studio–2 bed condos & townhomes within 2 mi, same school area ($2,154–$2,410).

Beds

1

Baths

2

Sqft

669

Year Built

1973

Days on Market

151

Property Type

Condo

HOA/mo

$432

MLS ID

PTP2604554

This property is in Imperial Beach (91932). Browse neighborhood analytics →

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About This Property

This OCEANFRONT COMPLEX is perfect if you’re looking for the beach lifestyle!! Welcome to Imperial Beach offering that "sleepy Southern California beach-town vibe"...laid-back & unpretentious with wide sandy beaches, quiet neighborhoods and a slower pace of life. The annual Sun & Sea Festival is an amazing sand castle event that adds to the town's classic, small-town beach community feel...families, locals, visitors, music, food and HUGE SAND CREATIONS all coming together right on the shoreline. One of the best priced beach communities in all of San Diego County. Seller has meticulously maintained this home after extensive renovations just 4 years ago! VA APPROVED COMPLEX…If you have ever wanted the sand and waves as your own backyard, NOW is the chance. This 1 bedroom/2 full bath home is COMPLETELY MOVE-IN READY!! The primary bedroom enjoys an oceanview, with views that become even more pronounced from an elevated bed or seating area. You’ll enjoy two full bathrooms that provide extra convenience for guests and added privacy for the primary suite, adding a level of convenience rarely found in 1-bedroom condos. The guest bathroom was thoughtfully designed and includes a full size stackable washer and dryer, too. The kitchen design is a must-see, with cabinetry and counterspace galore. You'll love the built-in "fire and ice" fireplace in the living room where you can settle into a comfy chair, watch the flames dance and hear the waves rise and fall in the background. New windows were installed throughout the complex just over a year ago and both buildings were beautifully enhanced with new stucco, paint and new roofs. In addition, you have your very own assigned parking space AND additional storage in the parking area that is shared with just 2 other homeowners. There is room for bikes, surfboards, kayaks and more. This south end of Seacoast Drive is a coveted little gem in Imperial Beach, yet close enough to walk to dining, bars, shopping and fishing off the pier. Plenty of street parking as well, since there are no homes on the other side of the street, this is a very quiet stretch of Seacoast Drive. You’ll enjoy watching the sunrise over the Estuary and beautiful sunsets over the Pacific Ocean. In addition, your shared backyard space offers a relaxed area to hang out with friends & family and enjoy fireworks off the Pier during the 4th of July. If you are ready to drift off to sleep listening to the soothing sound of the waves and wake up feeling like you're on vacation every day, then THIS IS YOUR HOME!!

Mortgage Calculator

Est. Monthly Payment

$4,164

Principal & Interest$3,028
Property Tax$545
Insurance$159
HOA$432
%($109,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Imperial Beach Charter · grades K-8 · South Bay Union

  • Middle

    Mar Vista Academy · grades 7-8 · Sweetwater Union High

  • High

    Mar Vista Senior High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

36C
Est. Monthly Rent
$2,596

8 leases of studio–2 bed condos & townhomes within 2 mi, same school area · $2,154–$2,410

Blended 50/50 with a property-level estimate

A property-level estimate runs more than 25% above what comparable homes leased for ($2,234). Treat this rent with extra care.

Monthly Cashflow

Rent − PITIA

-$1,568
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,619

What would make this work?

$2,619/mo short at 20% down; 90% down or +$3,401/mo rent closes it.

Break-even price

63% under asking

$204,000
Break-even rent

$3,401/mo above the estimate

$5,997/mo
Cashflow at 35% down
−$2,051/mo
Down payment to break even

$490,500 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,028
Cap Rate
1.19%
Cash-on-Cash
-28.83%
DSCR

Need ≥ 1.25 for DSCR loan

0.62

NOI (Annual)
$6,463
Price-to-Rent

Lower = better for investors

17.5

* 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.

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CCashflow−$2,619/mo