3940 Gresham Street
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3940 Gresham Street #344

D

San Diego, CA 92109

$1,100,000
NEW — 0d on market

Beds

2

Baths

2

Sqft

1,371

Year Built

1974

Days on Market

0

Property Type

Condo

HOA/mo

$1,440

MLS ID

PW26068645

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

About This Property

This charming 2-bedroom, 2-bath condo offers true waterfront living in the desirable Bay Scene community — just steps from the sand and boardwalk. Located on the 4th floor, this condo is ready for its next owner to bring it back to life.Solidly built with a fantastic location directly on the bay, this home needs updating and some TLC to reach its full potential. Perfect for a buyer with vision who wants to personalize the kitchen, bathrooms, flooring, and finishes.Big Bonus: The entire complex is currently under a huge remodel, bringing the whole community back to life and adding significant value for future owners!

Mortgage Calculator

Est. Monthly Payment

$8,423

Principal & Interest$5,562
Property Tax$1,100
Insurance$321
HOA$1,440
%($220,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,623
Monthly Cashflow

Rent − PITIA

$-4,800
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,550

Mortgage (P+I)
$5,562
Cap Rate
-1.08%
Cash-on-Cash
-35.73%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.43
Break-even Rent
$12,130

NOI (Annual)
$-11,855
Price-to-Rent

Lower = better for investors

25.3

* 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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