4016 Gresham
1 / 20

4016 Gresham #D1

D

San Diego, CA 92109

$1,099,000

Soft Appraisal Value: $1,078,200 · 1.9% above estimate

Beds

2

Baths

2

Sqft

1,203

Year Built

1974

Days on Market

47

Property Type

Condo

HOA/mo

$936

MLS ID

260007286SD

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

Virtual Tour

About This Property

Coastal living in prime Pacific Beach location! This beautifully updated condo is a stone’s throw from the tranquil shores of Sail Bay and the charm of Fanuel Park, with 2-bedrooms, 2-baths with in-unit laundry and 2 parking spaces inviting you into one of San Diego’s most coveted coastal lifestyles. Imagine morning strolls along the water, paddleboarding at sunset, and endless days where the beach is quite literally seconds from your front door! Bathed in natural light from stunning newer floor-to-ceiling windows, this spacious 1,200+ sq ft home offers an open-concept layout designed for both comfort and connection. The living space flows effortlessly to a private patio perfect for soaking in coastal breezes while a cozy fireplace anchors the room with warmth and charm. Newer luxury vinyl plank flooring adds a modern, beach-inspired touch. Located within the gated, pet-friendly Gresham La Palma community thoughtfully tucked away to create a quiet retreat from the vibrant energy of Pacific Beach. Residents enjoy resort-style amenities including a pool, spa, expansive patio areas, and convenient bike storage ideal for embracing the active coastal lifestyle. Elevator access, EV charging, and two secure tandem parking spaces in the underground garage provide ease and practicality in a location where parking is a true luxury. Set just moments from the bay, beach, and PB boardwalk, you’ll have effortless access to some of San Diego’s best dining, shopping, and local hotspots all while enjoying your own serene space. This is more than a home, it’s a lifestyle!

Mortgage Calculator

Est. Monthly Payment

$7,913

Principal & Interest$5,557
Property Tax$1,099
Insurance$321
HOA$936
%($219,800)
%

Location

Loading map...

Investment Score

0D
Est. Monthly Rent
$4,177
Monthly Cashflow

Rent − PITIA

$-3,736
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,613

Mortgage (P+I)
$5,557
Cap Rate
-0.06%
Cash-on-Cash
-30.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.53
Break-even Rent
$11,466

NOI (Annual)
$-667
Price-to-Rent

Lower = better for investors

21.9

* 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.

Get Expert AnalysisOpen Full Calculator