
4465 Ocean #4
Ctop 80%San Diego, CA 92109
One license per person in San Diego: whether you can hold it depends on you, not only the home.
This parcel holds a short-term rental license: Tier 2 (home share), through Nov 2027. It doesn’t transfer: a buyer applies for their own.
473 licensed short-term rentals within ½ mile (431 whole home), from the cities' license and permit lists of Nov 6, 2026.
34 short-term rental licenses on file in this 76-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$3,891/mo full cashflow at 20% down, 7.43% rate.
Works at $293,305 (63% under asking), or at 91% down.
Rent $3,608/mo from 16 leases of studio–2 bed condos & townhomes within 1 mi ($2,866–$3,967).
Beds
1
Baths
1
Sqft
668
Year Built
1975
Days on Market
46
Property Type
Condo
HOA/mo
$525
MLS ID
260023046SD
This property is in San Diego (92109). View neighborhood stats →
About This Property
Live at the pier. This remodeled 1-bedroom, 1-bath condo at See the Sea sits right at the entrance to Crystal Pier, steps from the sand, the boardwalk, and the heart of Pacific Beach, now at a new price. Step out onto your private balcony and look straight across to the iconic Crystal Pier arch, framed by palm trees. It's the kind of view that turns a morning coffee into the best part of the day. Inside, approx. 668 sq. ft. of bright, open living features vinyl plank flooring, a ceiling fan, and an easy flow from the living and dining area into a fully updated kitchen with white shaker cabinetry, stainless steel appliances, sleek counters, and a breakfast bar. The bedroom has its own balcony and sliding glass doors that let in light and sea breezes, and the remodeled bathroom features blue tile, a new vanity, and modern fixtures. The gated building offers an oceanfront courtyard with lounge seating and wide-open views of the beach and pier, plus an assigned underground parking space, a rare find this close to the water. Shared laundry is located on site. From here, everything Pacific Beach is known for is right outside: surfing, sunsets, the boardwalk, restaurants, coffee shops, and nightlife, with Mission Bay and La Jolla a short drive away. Whether it's your full-time home, a second home, or a coastal getaway you'll use year-round, this is beach living at its most convenient. Buyer to verify HOA rental rules and City of San Diego STRO licensing requirements.
Mortgage Calculator
Est. Monthly Payment
$6,003
Location
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Zoned Schools
Elementary
Pacific Beach Elementary · grades PK-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$3,608
Comp Average
$2,856

4730 Noyes
1bd / 1ba · 693 sqft · Condo
$499K
Est. $2,666/mo
4730 Noyes
1bd / 1ba · 623 sqft · Condo
$495K
Est. $2,527/mo

2388 Grand
1bd / 1ba · 722 sqft · Condo
$515K
Est. $2,550/mo

4667 Ocean Blvd
1bd / 1ba · 697 sqft · Condo
$940K
Est. $3,716/mo
711 Island Ct
1bd / 1.5ba · 775 sqft · Condo
$835K
Est. $2,822/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of studio–2 bed condos & townhomes within 1 mi · $2,866–$3,967
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,891/mo short at 20% down; 91% down or +$5,053/mo rent closes it.
- Break-even price
- $293,305
- Break-even rent
- $8,661/mo
- Cashflow at 35% down
- −$3,058/mo
- Down payment to break even
- 91%
- Rate to break even
- Not reachable
63% under asking
$5,053/mo above the estimate
$727,999 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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