4016 Gresham

4016 Gresham

D

San Diego, CA 92109

$1,099,000
NEW — 2d on market

Beds

2

Baths

2

Sqft

1,203

Year Built

1974

Days on Market

2

Property Type

Condo

HOA/mo

$936

MLS ID

260007286SD

View on MLS

Description

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)
%

Investment Score

0D
Est. Monthly Rent
$4,095
Monthly Cashflow

Rent − PITI − HOA

$-3,818
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,676

Mortgage (P+I)
$5,557
Cap Rate
-0.13%
Cash-on-Cash
-30.99%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$11,466

NOI (Annual)
$-1,424
Price-to-Rent

Lower = better for investors

22.4

* 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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