413 Delaware St
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413 Delaware St

Ctop 80%

Imperial Beach, CA 91932

$1,299,000
STR: check · Imperial Beach: confirm the zone · TOT 14%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$6,639/mo full cashflow at 20% down, 7.43% rate.

Works at $434,573 (67% under asking), or at 94% down.

Rent $4,335/mo from 13 leases of 2–4 bed houses within 1 mi ($4,300–$4,792).

Beds

3

Baths

2.5

Sqft

1,945

Year Built

2024

Days on Market

214

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008569SD

This property is in Imperial Beach (91932). Browse neighborhood analytics →

Virtual Tour

About This Property

Welcome to this stunning 2024-built luxury residence, perfectly positioned steps from the Silver Strand Bikeway. This innovative 2-story detached house on a cloud condo plot is thoughtfully designed for multi-generational living, with a self-contained lower level featuring a kitchenette, bedroom, full bathroom, custom stamped concrete, and a service elevator. The main spaces showcase exceptional refinement. The upstairs kitchen has custom soft close cabinets/drawers, quartz counters with glass backsplash, large island with prep sink, overhead chandelier, 48” 6 burner gas stove with grill 48” hood; bar featuring quartz counters with waterfall edges, wine storage/drink cooler, prep sink; lights in all upper glass storage cabinets, lights under counters, and stainless steel appliances. Upstairs, two bedrooms and a luxurious principal suite with a full bathroom featuring a bidet and vanities provide comfortable retreats. Nine-foot ceilings and vinyl wood floor planks. Dual laundry areas and Cat6 wiring throughout reflect modern convenience and thoughtful planning. Two balconies frame stunning water views, while an exclusive roof deck offers breathtaking 360-degree vistas of the Pacific Ocean, downtown skyline, and coastal landscape—perfect for entertaining or peaceful evenings. Premium amenities complete this exceptional property: tankless water heater, above-ground swim spa, 2-car garage, and EV charging connection. The roof deck is hookup-ready for electricity, gas, and water, ensuring this home grows with your needs. No HOA fees.

Mortgage Calculator

Est. Monthly Payment

$8,894

Principal & Interest$7,216
Property Tax$1,299
Insurance$379
%($259,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bayside STEAM Academy · grades K-6 · South Bay Union

  • Middle

    Mar Vista Academy · grades 7-8 · Sweetwater Union High

  • High

    Mar Vista Senior High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

7C
Est. Monthly Rent
$4,335

13 leases of 2–4 bed houses within 1 mi · $4,300–$4,792

Blended 50/50 with the zip's market median ($4,193)

Monthly Cashflow

Rent − PITIA

-$4,559
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,639

What would make this work?

$6,639/mo short at 20% down; 94% down or +$8,622/mo rent closes it.

Break-even price

67% under asking

$434,573
Break-even rent

$8,622/mo above the estimate

$12,957/mo
Cashflow at 35% down
−$5,286/mo
Down payment to break even

$1,221,060 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,216
Cap Rate
0.73%
Cash-on-Cash
-30.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$9,530
Price-to-Rent

Lower = better for investors

25.0

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$6,639/mo