725 Redondo Court

725 Redondo Court

D

San Diego, CA 92109

$640,000

Beds

1

Baths

1

Sqft

504

Year Built

1974

Days on Market

55

Property Type

Condo

HOA/mo

$967

MLS ID

PTP2600165

Description

Here’s your chance to own a home just steps from the sand of one of the world’s most iconic beaches. This Mission Beach condo features a private balcony with peek-a-boo ocean views and breathtaking sunset skies, offering an ideal spot to unwind after a day at the beach. Perched on the 4th floor, this unit has been thoughtfully renovated from top to bottom with fresh, modern finishes throughout. The complex allows for vacation rentals and is surrounded by trendy restaurants, cafes, shops and some of the most beautiful shoreline in America! Recent building improvements add peace of mind, including replaced balconies, new roofs and gutters, and new water heaters. Located in a secure building with 1 parking space and a storage space in the underground lot. The HOA includes water, internet, cable and convenient laundry facilities. Complex allows for 1 small pet per unit (20lbs max) and maximum of 2 caged birds. Don’t miss this rare opportunity to own a true slice of iconic Southern California coastal real estate—where timeless Mission Beach charm, ocean air, and everyday walkability come together in one unforgettable address.

Mortgage Calculator

Est. Monthly Payment

$5,030

Principal & Interest$3,236
Property Tax$640
Insurance$187
HOA$967
%($128,000)
%

Investment Score

13D
Est. Monthly Rent

Market Rent Estimate

$4,134
Monthly Cashflow

Rent − PITI − HOA

$-896
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,380

Mortgage (P+I)
$3,236
Cap Rate
1.60%
Cash-on-Cash
-8.40%
DSCR
1.28
Break-even Rent
$5,030

NOI (Annual)
$10,270
Price-to-Rent

Lower = better for investors

12.9

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

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