3850 RIVIERA DRIVE 3B

3850 RIVIERA DRIVE 3B

C

San Diego, CA 92109

$1,740,000
NEW — 1d

Beds

3

Baths

2

Sqft

1,534

Year Built

1960

Days on Market

1

Property Type

Condo

HOA/mo

$485

MLS ID

260017562SD

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

About This Property

EXCLUSIVE $450,000 Seller Financing Available! Wake up to breathtaking bay views, spectacular sunsets, and refreshing ocean breezes from this top-floor bayfront condo. Ideally situated on the boardwalk with direct access to the bay beach, this exceptional home offers the very best of coastal living. This spacious residence features 3 bedrooms, 2 bathrooms, an oversized living room with panoramic bay views, an in-unit washer and dryer, a private deck, and two dedicated parking spaces. The community offers resort-style amenities, including a pool, expansive common areas, and a large view veranda. The perfect place to relax, enjoy the sunsets, or take in the vibrant boardwalk atmosphere. The property is subject to a land lease, which is included in the price, and is under contract to be purchased by home owners and will convey free and clear. Buyers are encouraged to review the land lease Purchase Agreement with their attorney prior to purchase. The price is inclusive of the land lease cost. An incredible opportunity as a primary residence, vacation home, or investment property in one of Mission Beach's most desirable bayfront locations.

Mortgage Calculator

Est. Monthly Payment

$11,531

Principal & Interest$8,798
Property Tax$1,740
Insurance$507
HOA$485
%($348,000)
%

Investment Score

0D
Est. Monthly Rent
$5,500
Monthly Cashflow

Rent − PITIA

$-6,030
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,745

Mortgage (P+I)
$8,798
Cap Rate
0.04%
Cash-on-Cash
-30.16%
DSCR

Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$16,858

NOI (Annual)
$636
Price-to-Rent

Lower = better for investors

26.4

* 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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