3409 Ocean Front Walk

3409 Ocean Front Walk

D

San Diego, CA 92109

$7,299,000
NEW — 6d on market

Soft Appraisal Value: $7,057,100 · 3.4% above estimate

Beds

5

Baths

3.5

Sqft

2,995

Year Built

2009

Days on Market

6

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007392SD

Description

Ocean Front in the heart of Mission Beach brings the vibrant sounds of the ocean in. Stunning finishes throughout. The open concept great room features Van Gogh granite, large dining area, and living area ocean forward, with fossilized stone fireplace surround. Limestone and reclaimed teak flooring flow through the home. Beautiful custom cabinetry and well appointed appliances. The spacious primary suite and deck, provide ocean air, views, & sunsets in privacy. 2-car side-by-side garage + gated space. Home has been lightly used and well cared for, all furnishing are included. Enjoy endless water views, never miss a sunset again... **Please see virtual tour link and supplemental remarks for additional information** The elevated patio and living area enhance sight-lines well above the boardwalk, providing uninterrupted views to the beach and ocean and drawing them directly into the home. The soaring open beam ceilings in the living area and primary suite expand the space, making it ideal for entertaining, living, and relaxing. The rear second and third floors each host two bedrooms per level (and private decks), with Jack-and-Jill baths connecting them. A bright, light-filled landing above the living area offers a perfect space for a workspace. The spacious, two-car, side-by-side epoxy-floored garage also houses the central vacuum, water filtration system, tankless water heater, and solar monitoring systems. Additionally, there is a gated parking space for a small car or golf cart. Air conditioning units are located on the roof, with maintenance access from inside the home. Of course, the side yard offers plenty of room for beach toys, kayaks, and paddle boards. A built-in natural gas grill off the front deck ensures the chef won’t miss the view, and you’ll love the outdoor shower for rinsing off after the beach. All of the beautiful furnishings are negotiable.

Mortgage Calculator

Est. Monthly Payment

$46,336

Principal & Interest$36,908
Property Tax$7,299
Insurance$2,129
%($1,459,800)
%

Investment Score

0D
Est. Monthly Rent
$8,658
Monthly Cashflow

Rent − PITIA

$-37,678
Full Cashflow

Incl. vacancy, PM, maint, capex

$-45,752

Mortgage (P+I)
$36,908
Cap Rate
-1.45%
Cash-on-Cash
-37.61%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.19
Break-even Rent
$68,076

NOI (Annual)
$-106,126
Price-to-Rent

Lower = better for investors

70.3

* 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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