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2018 Pacific Beach Dr

2018 Pacific Beach Dr

Btop 30%

San Diego, CA 92109

$795,000
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

155 licensed short-term rentals within ½ mile (109 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 5-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$3,127/mo full cashflow at 20% down, 7.36% rate.

Works at $385,784 (51% under asking), or at 78% down.

Rent $4,349/mo from 8 leases of 2-bed condos & townhomes within 0.5 mi ($3,353–$5,354).

Beds

2

Baths

1.5

Sqft

1,080

Year Built

1975

Days on Market

0

Property Type

Townhouse

HOA/mo

$400

MLS ID

260026881SD

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

About This Property

***92109***Pacific Beach***A-Y, C-A-R-A-M-B-A !!***HOLY SCHMOLY***2 BR*1 1/2BA *1,080 Sq Ft TownHouse*2 Assigned Side By Side 20 Ft Deep Parking Spaces Which Means You Can Park Up To 4 *** Listed Less Than The Current $875,000 Appraised Value To Create Urgency***VA ELIGIBLE 5 Unit Complex***Unit #5 SOLD In The Same Building This Year With Identical Sq Footage Inferior Location Backed Up To Alley & Trash For $871,000 In 7 Days***Superior Corner TownHouse With No One Living Above Or Below You Facing Pacific Beach Dr ***Private Patio***Coastal Living***Tucked Away and Quiet Yet Steps To Mission Bay Park And All The Shops Restaurants Groceries On Garnet***Effortless Access To The i5***LOW HOA $400 Mth Includes Water Trash***30 Min Rental Policy***Tenant Vacated On Wednesday 11/16***

Mortgage Calculator

Est. Monthly Payment

$5,813

Principal & Interest$4,386
Property Tax$795
Insurance$232
HOA$400
%($159,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Crown Point Elementary · grades PK-5 · San Diego Unified

  • Middle

    Pacific Beach Middle · grades 6-8 · San Diego Unified

  • High

    Mission Bay High · grades 9-12 · San Diego Unified

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

Comparable Properties

5 comps found

This Property

$4,349

vs

Comp Average

$4,335

881 Thomas

881 Thomas

2bd / 2ba · 1,066 sqft · Condo

$850K

Est. $4,782/mo

1278 Pacific Beach

1278 Pacific Beach

2bd / 2ba · 1,032 sqft · Condo

$840K

Est. $4,484/mo

1801 Diamond Street

1801 Diamond Street

2bd / 2ba · 1,033 sqft · Condo

$675K

Est. $3,588/mo

4944 Cass St

4944 Cass St

2bd / 2ba · 1,102 sqft · Condo

$925K

Est. $4,504/mo

1834 Diamond Street

1834 Diamond Street

2bd / 3ba · 1,064 sqft · Townhouse

$975K

Est. $4,318/mo

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

Investment Score

42B
Est. Monthly Rent
$4,349

8 leases of 2-bed condos & townhomes within 0.5 mi · $3,353–$5,354

Blended 50/50 with the zip's market median ($4,359)

Monthly Cashflow

Rent − PITIA

-$1,464
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,127

What would make this work?

$3,127/mo short at 20% down; 78% down or +$4,061/mo rent closes it.

Break-even price

51% under asking

$385,784
Break-even rent

$4,061/mo above the estimate

$8,410/mo
Cashflow at 35% down
−$2,305/mo
Down payment to break even

$620,100 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$4,386
Cap Rate
2.23%
Cash-on-Cash
-23.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.75
NOI (Annual)
$17,720
Price-to-Rent

Lower = better for investors

15.2

* Modelled at 20% down, 7.36% 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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BCashflow−$3,127/mo