4465 Ocean #4
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4465 Ocean #4

Ctop 80%

San Diego, CA 92109

$799,999
STR-eligible · San Diego Tier 3 · TOT 12.75%

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 →

Virtual Tour

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

Principal & Interest$4,444
Property Tax$800
Insurance$233
HOA$525
%($160,000)
%
Loan Term

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.

Investment Score

22C
Est. Monthly Rent
$3,608

16 leases of studio–2 bed condos & townhomes within 1 mi · $2,866–$3,967

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,394
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,891

What would make this work?

$3,891/mo short at 20% down; 91% down or +$5,053/mo rent closes it.

Break-even price

63% under asking

$293,305
Break-even rent

$5,053/mo above the estimate

$8,661/mo
Cashflow at 35% down
−$3,058/mo
Down payment to break even

$727,999 cash

91%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,444
Cap Rate
1.10%
Cash-on-Cash
-29.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$8,807
Price-to-Rent

Lower = better for investors

18.5

* 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−$3,891/mo