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4730 Noyes #409
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4730 Noyes #409

Btop 30%

San Diego, CA 92109

$499,000
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.

140 licensed short-term rentals within ½ mile (95 whole home), from the cities' license and permit lists of Nov 10, 2026.

5 short-term rental licenses on file in this 75-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: -$2,213/mo full cashflow at 20% down, 7.43% rate.

Works at $210,857 (58% under asking), or at 84% down.

Rent $2,666/mo from 8 leases of studio–2 bed condos & townhomes within 0.5 mi ($2,516–$2,829).

Beds

1

Baths

1

Sqft

693

Year Built

1970

Days on Market

45

Property Type

Condo

HOA/mo

$433.3

MLS ID

260023500SD

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

Virtual Tour

About This Property

Welcome to this top-floor gem in the highly desirable Del Rey complex! Situated on a gently sloping hill away from the busy main streets of Pacific Beach, this approximately 700-sq-ft unit offers a peaceful residential retreat. Enjoy the coastal breeze from your private balcony, where you can catch a beautiful glimpse of the ocean and front-row views of the dazzling bay fireworks. Kitchen and Bathroom have been remodeled.

Mortgage Calculator

Est. Monthly Payment

$3,850

Principal & Interest$2,772
Property Tax$499
Insurance$146
HOA$433
%($99,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sessions Elementary · grades K-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 found

This Property

$2,666

vs

Comp Average

$2,567

4600 Lamont Street

4600 Lamont Street

1bd / 1ba · 653 sqft · Condo

$375K

Est. $2,657/mo

4730 Noyes

4730 Noyes

1bd / 1ba · 623 sqft · Condo

$495K

Est. $2,527/mo

1645 Emerald

1645 Emerald

1bd / 1ba · 650 sqft · Condo

$479K

Est. $2,444/mo

1775 Diamond Street

1775 Diamond Street

1bd / 1ba · 653 sqft · Condo

$475K

Est. $2,657/mo

2388 Grand

2388 Grand

1bd / 1ba · 722 sqft · Condo

$515K

Est. $2,550/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

45B
Est. Monthly Rent
$2,666

8 leases of studio–2 bed condos & townhomes within 0.5 mi · $2,516–$2,829

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,184
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,213

What would make this work?

$2,213/mo short at 20% down; 84% down or +$2,875/mo rent closes it.

Break-even price

58% under asking

$210,857
Break-even rent

$2,875/mo above the estimate

$5,541/mo
Cashflow at 35% down
−$1,694/mo
Down payment to break even

$419,160 cash

84%
Rate to break even

Negative even at a 0% loan

Not reachable
Mortgage (P+I)
$2,772
Cap Rate
1.66%
Cash-on-Cash
-26.61%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
NOI (Annual)
$8,304
Price-to-Rent

Lower = better for investors

15.6

* 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.

Open Full Calculator
BCashflow−$2,213/mo