3920 Riviera Drive

3920 Riviera Drive #U

D

San Diego, CA 92109

$1,545,000
NEW — 2d on market

Beds

3

Baths

2

Sqft

1,423

Year Built

1961

Days on Market

2

Property Type

Condo

HOA/mo

$700

MLS ID

NDP2603232

Description

Welcome to Riviera Shores on Sail Bay, where waterfront tranquility meets the best of Pacific Beach living. This rare ground-floor 3BR/2BA condo is just steps from the sand and offers the ease of single-level living with no interior stairs. Bright corner windows frame beautiful bay views from the living and dining areas, while the spacious layout includes an updated kitchen, new LVP flooring, dual-pane windows and sliders, a generous primary suite, and two tastefully remodeled bathrooms with walk-in showers. The oversized covered patio creates seamless indoor-outdoor living and a front-row seat to the Sail Bay lifestyle. Residents enjoy a sparkling community pool, covered parking, in-unit laundry, and direct access to the scenic boardwalk stretching around the bay toward Crown Point and beyond. A rare chance to own a spacious bayfront home in one of Pacific Beach’s most desirable settings.

Mortgage Calculator

Est. Monthly Payment

$10,508

Principal & Interest$7,812
Property Tax$1,545
Insurance$451
HOA$700
%($309,000)
%

Investment Score

1D
Est. Monthly Rent
$5,695
Monthly Cashflow

Rent − PITIA

$-4,813
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,411

Mortgage (P+I)
$7,812
Cap Rate
0.31%
Cash-on-Cash
-28.78%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$15,319

NOI (Annual)
$4,820
Price-to-Rent

Lower = better for investors

22.6

* 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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