1615 Ocean Front Street

1615 Ocean Front Street

D

San Diego, CA 92107

$4,200,000
NEW — 5d on market

Beds

2

Baths

2

Sqft

1,134

Year Built

1970

Days on Market

5

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602777

Description

Perched directly on the bluff, this rare high-end oceanfront cottage offers a front-row seat to the Pacific. One of only 12 single-family homes positioned directly on the bluff in 92107, this dual-master residence was extensively remodeled in 2011 and has been meticulously customized with no expense spared. The main home features Italian stone flooring, granite counters, and reclaimed 1800s barn wood accents, all bathed in natural light through brand new Pella windows and doors (10-year warranty), replaced in 2025 along with a new roof. The chef's kitchen is outfitted with a brand new GE microwave and oven, alongside a Dacor gas stove, custom Miele dishwasher, custom Dacor refrigerator, and a U-Line wine cooler. Modern essentials include a Honeywell smart home alarm, WAP internet system, Sonos-ready speaker fittings, and a tankless water heater. The primary suites offer a spa-like experience with steam shower systems. This property is uniquely enhanced by a newly rebuilt, high-end usable structure that serves as a luxurious extension of the main home. Both the main residence and this additional usable space feature two separate central air and climate control systems, one dedicated to the main cottage and one for the additional usable space, ensuring year-round comfort throughout. This versatile space is anchored by a special-order Paralam beam and engineered with footings to support a second story. Inside, the space boasts porcelain floor planks, luxury shaker cabinets with floor-to-ceiling storage, and stone countertops with subway tile accents. High-end amenities include a full bathroom, separate laundry with washer/dryer, a refrigerator and Dacor appliances. Outside, enjoy a private outdoor shower and over 60 feet of ocean frontage, all just blocks from Ocean Beach's vibrant restaurants and the iconic Sunset Cliffs shoreline. Representing the epitome of a lock-and-leave waterfront investment, this property offers the ultimate blend of privacy, sophisticated smart-home living, and walkable coastal luxury.

Mortgage Calculator

Est. Monthly Payment

$26,662

Principal & Interest$21,237
Property Tax$4,200
Insurance$1,225
%($840,000)
%

Comparable Properties

2 comps found

This Property

$3,450

vs

Comp Average

$6,022

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$3,450
Monthly Cashflow

Rent − PITI − HOA

$-23,212
Full Cashflow

Incl. vacancy, PM, maint, capex

$-27,506

Mortgage (P+I)
$21,237
Cap Rate
-1.79%
Cash-on-Cash
-39.29%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.13
Break-even Rent
$39,172

NOI (Annual)
$-75,222
Price-to-Rent

Lower = better for investors

101.4

* 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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