4761 Bermuda Avenue

4761 Bermuda Avenue

Ctop 80%

San Diego, CA 92107

$1,949,999
NEW — 0d
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 (102 whole home), from the cities' license and permit lists of Nov 13, 2026.

Pass at asking: -$10,147/mo full cashflow at 20% down, 7.36% rate.

Works at $622,286 (68% under asking), or at 96% down.

Rent $6,176/mo from 10 leases of 2–4 bed houses within 0.5 mi ($5,806–$7,103).

Beds

3

Baths

2.5

Sqft

1,530

Year Built

1970

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2608393

This property is in San Diego (92107). View neighborhood stats →

Virtual Tour

About This Property

On the market for the first time in nearly 60 years. This fully updated two-story Ocean Beach home for sale has the finishes, the ocean views, and the walkable coastal location many look for in Ocean Beach. The showstoppers are two sets of 11-foot bifold doors that open the home to coastal breezes and indoor-outdoor living. One, in the primary suite, opens to a new private rooftop deck with ocean views, the kind of spot that changes your point of view each morning. The other, off the kitchen, opens to an enclosed 2,000+ sq. ft. backyard. Picture sunset drinks, morning coffee, and friends who suddenly want to host everything at your place. Inside, the home is bright, open, and updated throughout, with a clean, contemporary look, modern fixtures, and an efficient open layout. The multi-level design separates the gathering spaces from the private ones, giving the next caretaker of this home flexible space for a home office, guest room, creative studio, or workout space. Ocean Beach adds to the appeal. You are close to neighborhood cafes, restaurants, local shops, parks, the beach, and the coastline at Sunset Cliffs. It is laid-back, creative, walkable, and one of San Diego's most distinctive coastal communities. Come see this OB home with ocean views and a rooftop deck before someone else does.

Mortgage Calculator

Est. Monthly Payment

$13,277

Principal & Interest$10,759
Property Tax$1,950
Insurance$569
%($390,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sunset View Elementary · grades K-4 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

  • High

    Point Loma 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

6C
Est. Monthly Rent
$6,176

10 leases of 2–4 bed houses within 0.5 mi · $5,806–$7,103

Blended 50/50 with the zip's market median ($6,454)

Monthly Cashflow

Rent − PITIA

-$7,102
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,147

What would make this work?

$10,147/mo short at 20% down; 96% down or +$13,178/mo rent closes it.

Break-even price

68% under asking

$622,286
Break-even rent

$13,178/mo above the estimate

$19,354/mo
Cashflow at 35% down
−$8,130/mo
Down payment to break even

$1,871,999 cash

96%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$10,759
Cap Rate
0.57%
Cash-on-Cash
-31.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.47

NOI (Annual)
$11,044
Price-to-Rent

Lower = better for investors

26.3

* Modelled at 20% down, 7.36% 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−$10,147/mo