
3250 Strandway
Dbottom 20%San Diego, CA 92109
This parcel holds a short-term rental license: Tier 4 (whole home, Mission Beach), through Apr 2027. It doesn’t transfer: a buyer applies for their own.
514 licensed short-term rentals within ½ mile (435 whole home), from the cities' license and permit lists of Nov 3, 2026.
Pass at asking: -$7,362/mo full cashflow at 20% down, 7.49% rate.
Works at $230,659 (81% under asking); even all cash loses money at asking.
Rent $3,005/mo from 23 leases of 2-bed condos & townhomes within 2 mi ($2,580–$3,966).
Beds
2
Baths
1
Sqft
607
Year Built
1985
Days on Market
45
Property Type
Condo
HOA/mo
$535
MLS ID
IV26201309
This property is in San Diego (92109). View neighborhood stats →
About This Property
Experience true oceanfront living in this beautifully remodeled, fully furnished condo. Ideally situated directly on the boardwalk with stunning beach and ocean views, this property checks all of the boxes. Just a short walk to Belmont Park, shopping, dining and entertainment, this turnkey property is ideal as a primary residence, second home or a vacation rental opportunity. This extensively remodeled interior features luxury vinyl plank flooring throughout, upgraded cabinetry, fresh paint and baseboard and recessed lighting in the kitchen and family room. The stylish kitchen features quartz countertops, a large farm-house style sink, wine refrigerator and excellent storage. The updated bathroom also showcases quartz countertops and newly tiled bathtub. Additional features include an in-unit washer/dryer, three wall-mounted TV's and all furnishings, linens and decor are being included for added convenience. Enjoy ocean breezes and beautiful views from the private rooftop patio complete with its own drink bar which provides an ideal space for relaxing or entertaining. The private single-car garage includes custom cabinetry, a smart garage door opener and additional storage. A tankless hot water heater and Security cameras complete this exceptional oceanfront property and all it has to offer. Added community features include beach access, bike/walking paths, outdoor showers and so much more!
Mortgage Calculator
Est. Monthly Payment
$8,688
Location
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Zoned Schools
Elementary
Pacific Beach 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
4 comps foundThis Property
$3,005
Comp Average
$3,291

4465 Ocean
1bd / 1ba · 668 sqft · Condo
$815K
Est. $3,562/mo
711 Island Ct
1bd / 1.5ba · 775 sqft · Condo
$835K
Est. $2,878/mo

4667 Ocean Blvd
1bd / 1ba · 697 sqft · Condo
$940K
Est. $3,644/mo
3443 Ocean Front Walk
2bd / 2ba · 638 sqft · Condo
$1.88M
Est. $3,081/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Mission Beach (Tier 4) is capped and full, with a waitlist. See the rules
Investment Score
23 leases of 2-bed condos & townhomes within 2 mi · $2,580–$3,966
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,362/mo short at 20% down; +$9,561/mo rent closes it.
- Break-even price
- $230,659
- Break-even rent
- $12,566/mo
- Cashflow at 35% down
- −$6,120/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
81% under asking
$9,561/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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