2617 Ocean Front Walk

2617 Ocean Front Walk

D

San Diego, CA 92109

$4,650,000

Soft Appraisal Value: $4,536,800 · 2.5% above estimate

Beds

4

Baths

6

Sqft

2,578

Year Built

2008

Days on Market

30

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005303SD

View on MLS

Description

Oceanfront luxury in South Mission Beach with sweeping west & south-facing views of the Pacific, passing boats, coastal wildlife, & unforgettable sunsets from the 2nd & 3rd levels. This versatile property features 2 fully equipped units: #2617 is the ground floor guest suite w/ 1 bedroom, 2 full baths, full kitchen, & its own laundry. #2619 spans the 2nd & 3rd floors & is currently configured as an open-concept coastal retreat for the owner's family vacations, featuring 4 full baths. Besides the large ground level patio w/ gas fire table, there is 660sf of ocean-view covered decks & LaCantina-style doors creating seamless indoor-outdoor living. Two car garage has extra high doors & ceilings. Come live your South Mission Beach lifestyle dreams! What makes 2617-19 Ocean Front Walk so special? 1] South Mission Beach offers less crowds and traffic than North Mission Beach because there's no thru-traffic. 2] This section of ocean-front homes does not have the boardwalk directly in front, offering privacy and security, and ability to step directly into sand. 3] The SouthWest orientation overlooking the Mission Bay inlet gives gorgeous views of all types of yachts and boats heading out to (and back from) sea, as well as south to Ocean Beach, Sunset Cliffs, Cabrillo, and the OB Pier.

Mortgage Calculator

Est. Monthly Payment

$29,519

Principal & Interest$23,513
Property Tax$4,650
Insurance$1,356
%($930,000)
%

Investment Score

0D
Est. Monthly Rent
$8,083
Monthly Cashflow

Rent − PITIA

$-21,436
Full Cashflow

Incl. vacancy, PM, maint, capex

$-27,170

Mortgage (P+I)
$23,513
Cap Rate
-0.94%
Cash-on-Cash
-35.06%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$43,369

NOI (Annual)
$-43,885
Price-to-Rent

Lower = better for investors

47.9

* 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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