3688 Bayside Walk
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3688 Bayside Walk

Atop 10%

San Diego, CA 92109

$639,000
STR closed · Mission Beach cap full

695 licensed short-term rentals within ½ mile (585 whole home), from the cities' license and permit lists of Nov 6, 2026.

Works at asking: +$648/mo full cashflow at 20% down, 7.43% rate.

Still breaks even up to $723,336 (13% above asking).

Rent $7,215/mo from 9 leases of 3–5 bed houses within 2 mi, same school area ($6,950–$8,042).

Beds

4

Baths

3.5

Sqft

2,176

Year Built

2019

Days on Market

46

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023060SD

This property is in San Diego (92109). View neighborhood stats →

Virtual Tour

About This Property

Own one-eighth of this professionally managed, turnkey home. Sunset Bay rises four stories on Bayside Walk in Mission Beach, with bay views from the main living level and the sand just steps from the front door. The contemporary exterior has clean lines and multiple balconies stacked toward the water, with polished concrete floors and floor-to-ceiling windows that keep Mission Bay front and center throughout the main level. The great room has a sleek fireplace, a built-in bar and a media wall, with a window wall opening to the enclosed patio and bay beyond. The kitchen has walnut cabinets, quartzite countertops, Bosch appliances and a peninsula with breakfast bar seating. A floating walnut staircase connects all four levels. The primary suite has limestone floors, a floating marble vanity and an automated privacy shade in the en suite bath. A second primary suite on the upper level has basket weave marble floors and a soaking tub. The rooftop deck is Sunset Bay's highest point, with a gas fire pit and panoramic views stretching from Mission Bay to the Pacific. The enclosed patio below has a BBQ grill and direct bay access. Mission Beach's boardwalk, Belmont Park and the restaurants along Mission Boulevard are all within easy reach. Sunset Bay is fully designed, furnished and managed by Pacaso. Owners arrive to find the home exactly as it should be, every time

Mortgage Calculator

Est. Monthly Payment

$4,375

Principal & Interest$3,550
Property Tax$639
Insurance$186
%($127,800)
%
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.

Comparable Properties

1 comp found

This Property

$7,215

vs

Comp Average

$9,259

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

98A
Est. Monthly Rent
$7,215

9 leases of 3–5 bed houses within 2 mi, same school area · $6,950–$8,042

Monthly Cashflow

Rent − PITIA

+$2,840
Full Cashflow

Incl. vacancy, PM, maint, capex

+$648

What would make this work?

Cashflows +$648/mo at 20% down with every reserve funded.

Break-even price

13% above asking

$723,336
Break-even rent

Estimated rent already clears it

$6,373/mo
Cashflow at 35% down
+$1,314/mo
Down payment to break even

$70,290 cash

11%
Rate to break even

at 20% down

9.23%

Mortgage (P+I)
$3,550
Cap Rate
8.56%
Cash-on-Cash
6.09%
DSCR
1.65

NOI (Annual)
$54,706
Price-to-Rent

Lower = better for investors

7.4

* Modelled at 20% down, 7.43% 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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ACashflow+$648/mo