3535 Riviera Drive

3535 Riviera Drive

D

San Diego, CA 92109

$5,599,000

Soft Appraisal Value: $5,369,600 · 4.3% above estimate

Beds

4

Baths

3.5

Sqft

3,209

Year Built

2016

Days on Market

30

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005293SD

Description

Welcome to your DREAM HOME on Riviera Drive, perfectly positioned on the front row of Sail Bay with unobstructed panoramic views stretching to the Pacific Ocean. Located in Pacific Beach’s highly sought-after Crown Point neighborhood and designed by renowned architect Paul Thoryk, this stunning waterfront residence offers true coastal luxury in a home that feels brand new! Thoughtfully designed to showcase its spectacular setting, the home features expansive walls of glass, open-concept living spaces, and seamless indoor-outdoor flow that flood the interiors with natural light while framing every room with shimmering bay views. Offering approximately 3,209 square feet, the home includes four bedrooms and three-and-a-half bathrooms, with an optional main-level primary suite. The chef’s kitchen is equipped with a Wolf stove, Monogram cooktop, a full-size Sub-Zero refrigerator, and an additional Sub-Zero refrigerator in the kitchen expansive island. Upstairs, a spacious media/family room with additional wet bar and floor-to-ceiling windows opens to two waterfront terraces, while secondary bedrooms each enjoy private outdoor access. The panoramic rooftop deck captures breathtaking sunrise-to-sunset views of the bay and ocean! Additional highlights include six patios, parking for up to five cars, and a gated driveway with parking for three additional vehicles. With direct access to the boardwalk and walkability to Pacific Beach’s premier dining, cafés, and coastal attractions, this is a rare opportunity to own a true architectural waterfront sanctuary! List of upgrades, live site, and video in the Documents section

Mortgage Calculator

Est. Monthly Payment

$35,544

Principal & Interest$28,312
Property Tax$5,599
Insurance$1,633
%($1,119,800)
%

Investment Score

0D
Est. Monthly Rent
$9,774
Monthly Cashflow

Rent − PITIA

$-25,770
Full Cashflow

Incl. vacancy, PM, maint, capex

$-32,683

Mortgage (P+I)
$28,312
Cap Rate
-0.94%
Cash-on-Cash
-35.02%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$52,220

NOI (Annual)
$-52,462
Price-to-Rent

Lower = better for investors

47.7

* 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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