3916 Riviera Dr

3916 Riviera Dr #504

D

San Diego, CA 92109

$1,495,000
NEW — 3d on market

Soft Appraisal Value: $1,451,400 · 3.0% above estimate

Beds

2

Baths

2

Sqft

1,237

Year Built

1974

Days on Market

3

Property Type

Condo

HOA/mo

$904.72

MLS ID

260007728SD

Description

Welcome home! This stunning 2BR, 2BA single level unit features expansive Southwest views of Sail Bay, from the balcony, as well as floor-to-ceiling windows in the living room & primary bedroom. Remodeled kitchen w/high end Vetrazzo counters, hand-crafted cabinets, teal backsplash & unique under-cabinet lighting. Lovingly updated w/custom lighting, tons of storage, remodeled bathrooms, private laundry, Coretec Plus luxury vinyl floors & cool shadow box walls that no other unit has. Riviera Shores is a secure bayfront ADA friendly building w/a pool, spa, direct beach access & secured parking. Plus it is VA approved. Palm trees, sand, night lights & the bay are everywhere you look w/ gorgeous afternoon light & dynamic sunsets. Walls of windows, a 100 square foot bay view deck & sun drenched rooms remind you every day how lucky you are to live here! This special legacy property has been in the same family over 50 years. Take this opportunity to live your very best life, because this chance may not come again!

Mortgage Calculator

Est. Monthly Payment

$10,395

Principal & Interest$7,560
Property Tax$1,495
Insurance$436
HOA$905
%($299,000)
%

Investment Score

0D
Est. Monthly Rent
$4,468
Monthly Cashflow

Rent − PITIA

$-5,927
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,201

Mortgage (P+I)
$7,560
Cap Rate
-0.51%
Cash-on-Cash
-32.91%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$15,118

NOI (Annual)
$-7,694
Price-to-Rent

Lower = better for investors

27.9

* 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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