3940 Gresham Street
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3940 Gresham Street #344

C

San Diego, CA 92109

$1,049,000

Soft Appraisal Value: $1,001,100 · 4.8% above estimate

Beds

2

Baths

2

Sqft

1,371

Year Built

1974

Days on Market

47

Property Type

Condo

HOA/mo

$1,440

MLS ID

PW26114206

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

$8,099

Principal & Interest$5,304
Property Tax$1,049
Insurance$306
HOA$1,440
%($209,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,497
Monthly Cashflow

Rent − PITIA

$-3,602
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,511

Mortgage (P+I)
$5,304
Cap Rate
-0.24%
Cash-on-Cash
-31.52%
DSCR

Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$11,654

NOI (Annual)
$-2,478
Price-to-Rent

Lower = better for investors

19.4

* 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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