3250 Strandway
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3250 Strandway

Dbottom 20%

San Diego, CA 92109

$1,185,000
STR closed · Mission Beach cap full

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

Principal & Interest$6,622
Property Tax$1,185
Insurance$346
HOA$535
%($237,000)
%
Loan Term

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.

Short-term not available here. Mission Beach (Tier 4) is capped and full, with a waitlist. See the rules

Investment Score

0D
Est. Monthly Rent
$3,005

23 leases of 2-bed condos & townhomes within 2 mi · $2,580–$3,966

Monthly Cashflow

Rent − PITIA

-$5,683
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,362

What would make this work?

$7,362/mo short at 20% down; +$9,561/mo rent closes it.

Break-even price

81% under asking

$230,659
Break-even rent

$9,561/mo above the estimate

$12,566/mo
Cashflow at 35% down
−$6,120/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,622
Cap Rate
-0.60%
Cash-on-Cash
-37.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.35

NOI (Annual)
-$7,073
Price-to-Rent

Lower = better for investors

32.9

* 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.

Open Full Calculator
DCashflow−$7,362/mo