719 Jersey Ct San Diego

719 Jersey Ct San Diego

D

, CA 92109

$1,795,000
NEW — 3d on market

Beds

2

Baths

1

Sqft

798

Year Built

1930

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260004761SD

View on MLS

Description

Enhance this 2 bedroom 1 bath storybook cottage or build your dream ocean-view beach home(s) on this exceptional Mission Beach lot just three doors from the oceanfront. Mission Beach is nuanced; here are a few things to look out for when searching for “the one”: A) OCEAN VIEWS: The views on this one are better than most. While many properties in MB are downhill from the beach, this lot is relatively level with the sand, which means ocean views start at your patio level. The recently redeveloped next-door property to your west is terraced with step-backs at floors 2 and 3, which provides excellent view opportunities for your future second and third stories. B) LAND: If you look at Mission Beach on a map, typical court-side lots nearly double in size once you cross south of Santa Clara Place. 719 Jersey Court enjoys one of these larger lots boasting 2,400 sq ft (30' x 80') of land with court and alley access. Apply Mission Beach’s sensational floor-area ratio (FAR) of 110%, and you’re looking at an opportunity to build a spectacular 2,640 sq ft property—comprised of one or two homes— plus (yes, plus) onsite garage parking for four cars per zoning. C) LOCATION: You’re on the ocean side of the peninsula, which means no busy road between you and the beach. You’re located close enough to Belmont Park to enjoy its amenities but far enough away to avoid the increased activity. Additional neighborhood assets nearby include miles of boardwalk and white sand, the Bahia Resort Hotel, the Mission Bay Yacht Club, and more.

Mortgage Calculator

Est. Monthly Payment

$11,395

Principal & Interest$9,076
Property Tax$1,795
Insurance$524
%($359,000)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$2,870
Monthly Cashflow

Rent − PITI − HOA

$-8,525
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,681

Mortgage (P+I)
$9,076
Cap Rate
-1.07%
Cash-on-Cash
-28.50%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.32
Break-even Rent
$11,395

NOI (Annual)
$-19,259
Price-to-Rent

Lower = better for investors

52.1

* Defaults: 20% down, 6.5% rate, 30yr.

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