3786 Strandway #2
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3786 Strandway #2

Dbottom 20%

San Diego, CA 92109

$2,149,900
STR closed · Mission Beach cap full

685 licensed short-term rentals within ½ mile (578 whole home), from the cities' license and permit lists of Nov 10, 2026.

Pass at asking: -$13,127/mo full cashflow at 20% down, 7.43% rate.

Works at $440,659 (80% under asking); even all cash loses money at asking.

Rent $4,396/mo from 13 leases of 1–3 bed condos & townhomes within 1 mi ($3,592–$5,663).

Beds

2

Baths

2.5

Sqft

1,091

Year Built

2008

Days on Market

45

Property Type

Condo

HOA/mo

N/A

MLS ID

260023520SD

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

Virtual Tour

About This Property

Imagine owning the ultimate beachfront sanctuary where you command panoramic Pacific Ocean views without sacrificing an ounce of privacy. Perfectly positioned just steps from the sand in the vibrant heart of Mission Beach, this exceptional 2-bed 2.5-bath coastal retreat delivers a luxurious, sun drenched living experience. Spanning 1,091 square feet of sleek, contemporary design, the residence captures breathtaking, unobstructed coastline and sunset vistas over the boardwalk while remaining elegantly elevated. The top floor boasts a premium kitchen with high end appliances that flows effortlessly into a spacious living area, a dedicated office space, and out onto a covered balcony where the ocean breeze awaits. Downstairs, both bedrooms serve as private retreats with their own ensuite baths, while another covered balcony offers a quiet place to sip your morning coffee. The home is meticulously finished and includes the ultimate coastal luxury of an attached two car garage. Whether you are looking for a turnkey vacation rental with incredible income potential, a primary beach haven, or a flexible compound with the ability to connect to the adjoining unit, this is your chance to capture the quintessential Southern California lifestyle. Step out your front door and instantly immerse yourself in the surf, dining, and vibrant energy of the boardwalk.

Mortgage Calculator

Est. Monthly Payment

$14,721

Principal & Interest$11,944
Property Tax$2,150
Insurance$627
%($429,980)
%
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
$4,396

13 leases of 1–3 bed condos & townhomes within 1 mi · $3,592–$5,663

Blended 50/50 with the zip's market median ($4,259)

Monthly Cashflow

Rent − PITIA

-$10,324
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,127

What would make this work?

$13,127/mo short at 20% down; +$17,048/mo rent closes it.

Break-even price

80% under asking

$440,659
Break-even rent

$17,048/mo above the estimate

$21,444/mo
Cashflow at 35% down
−$10,888/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)
$11,944
Cap Rate
-0.54%
Cash-on-Cash
-36.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.30

NOI (Annual)
-$11,565
Price-to-Rent

Lower = better for investors

40.8

* 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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DCashflow−$13,127/mo