569 Delaware St
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569 Delaware St

Ctop 80%

Imperial Beach, CA 91932

$999,000
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: -$3,963/mo full cashflow at 20% down, 7.43% rate.

Works at $483,012 (52% under asking), or at 78% down.

Rent $4,818/mo from 8 leases of houses within 0.5 mi, size-adjusted ($4,422–$4,666).

Beds

5

Baths

3

Sqft

2,061

Year Built

2018

Days on Market

151

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2604545

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

Virtual Tour

About This Property

Huge Price Reduction! Some homes are built. This one was curated. Since its 2018 construction, the owners have spent years transforming this architecturally modern masterpiece into something genuinely rare, a one-of-a-kind, Imperial Beach retreat where every detail reflects intentional, elevated living. And now it's yours. Step outside and the story begins. A stone walkway leads you in. The backyard unfolds as a private resort: two pergolas with tea lights, wood-plank porcelain tile, a built-in BBQ, gas firepit, and an authentic Italian wood-fired pizza oven worth $5,000. There's even an outdoor shower, a luxury for those who know what it means to come home from the beach. It continues inside, hand-painted tiles on the stairs, a Restoration Hardware crystal chandelier anchors the dining room, custom lighting thru-out, walnut wood floors and quartz counters set the tone. One bedroom & full bath on the 1st floor. Upstairs, hardwood floors in all 4-bedrooms. Samsung appliances in the kitchen, Samsung washer & dryer. The garage has built-in Husky metal cabinets, a PRX fold-flat wall gym, and ceiling rack storage. Premium vinyl fencing wraps the yard. Paid solar panels, EV charging, tankless water heater, CAT-6, Sonos surround sound on the first level, primary suite and rooftop deck. This home was built smart and kept that way. And then there's the roof with 360° views. Step up to the rooftop deck to enjoy stunning sunset views over the ocean up to Point Loma. Watch downtown San Diego glitter and the iconic Coronado Bridge that arcs over the bay. On the Fourth of July, this deck becomes the best seat in the county. A short walk or bike ride puts you on the famous Bayshore Bikeway, the scenic coastal path that winds all the way around Coronado. The beach and bay are equally close. This is the lifestyle Imperial Beach promises, delivered from one of its finest addresses. Gas line and water on the rooftop. An outdoor shower up top and another in the backyard. Fire sprinklers. LED lighting throughout. This home has been thought through completely. True two-car garage. 360° views. A backyard built for gathering and a rooftop built for dreaming. Come see it before someone else does.

Mortgage Calculator

Est. Monthly Payment

$6,840

Principal & Interest$5,550
Property Tax$999
Insurance$291
%($199,800)
%
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

33C
Est. Monthly Rent
$4,818

8 leases of houses within 0.5 mi, size-adjusted · $4,422–$4,666

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,022
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,963

What would make this work?

$3,963/mo short at 20% down; 78% down or +$5,146/mo rent closes it.

Break-even price

52% under asking

$483,012
Break-even rent

$5,146/mo above the estimate

$9,964/mo
Cashflow at 35% down
−$2,922/mo
Down payment to break even

$779,220 cash

78%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,550
Cap Rate
2.20%
Cash-on-Cash
-23.80%
DSCR

Need ≥ 1.25 for DSCR loan

0.70

NOI (Annual)
$21,939
Price-to-Rent

Lower = better for investors

17.3

* 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−$3,963/mo