3828 Riviera Dr

3828 Riviera Dr #2B

D

San Diego, CA 92109

$3,475,000

Soft Appraisal Value: $3,307,400 · 5.1% above estimate

Beds

2

Baths

2

Sqft

2,053

Year Built

1988

Days on Market

138

Property Type

Condo

HOA/mo

$721

MLS ID

250044242SD

View on MLS

Description

Mission Bay Living at Its Best! This beautifully updated 2-bedroom, 2-bath, 2053sf home sits directly on Mission Bay and offers wide, unobstructed water views that become the highlight of the living space. The setting feels peaceful and private, with a front-row seat to sailboats, sunsets, and the calm shoreline. Inside, the home has a warm, open feel. The kitchen is a centerpiece with a Wolf gas range, quality appliances, and plenty of counter space for cooking or entertaining. Just beyond, the living room frames the bay through nearly 20 feet of windows that open to the coastal breeze. A custom built-in bar with a mini-fridge and refined touches like crown molding make the space ideal for gathering or relaxing. The primary suite is a generous retreat with a walk-in closet and a spacious bath featuring a soaking tub, separate shower, and dual vanities. The second bedroom is well-sized for guests, a home office, or family, paired with an upgraded full bath. If you’ve been looking for a coastal home that blends comfort, style, and a true connection to Mission Bay, this one delivers. Every day feels a little lighter when the water is this close.

Mortgage Calculator

Est. Monthly Payment

$22,781

Principal & Interest$17,571
Property Tax$3,475
Insurance$1,014
HOA$721
%($695,000)
%

Investment Score

0D
Est. Monthly Rent
$4,290
Monthly Cashflow

Rent − PITIA

$-18,491
Full Cashflow

Incl. vacancy, PM, maint, capex

$-22,374

Mortgage (P+I)
$17,571
Cap Rate
-1.66%
Cash-on-Cash
-38.63%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.19
Break-even Rent
$33,347

NOI (Annual)
$-57,630
Price-to-Rent

Lower = better for investors

67.5

* 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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