728 Jamaica Court
Ctop 80%San Diego, CA 92109
This parcel holds a short-term rental license: Tier 4 (whole home, Mission Beach), through Apr 2027. It doesn’t transfer: a buyer applies for their own.
519 licensed short-term rentals within ½ mile (441 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$16,195/mo full cashflow at 20% down, 7.43% rate.
Works at $890,426 (70% under asking), or at 98% down.
Rent $8,882/mo from 16 leases of 3–5 bed houses within 2 mi ($7,229–$9,154).
Beds
4
Baths
3.5
Sqft
2,386
Year Built
1995
Days on Market
91
Property Type
Single Family
HOA/mo
N/A
MLS ID
PTP2606116
This property is in San Diego (92109). View neighborhood stats →
About This Property
Beautiful and spacious Mission Beach house. This ocean-view property features two homes on one parcel with no HOA and the potential to add additional units (Zoned R-4). Located just five homes from the beach, it offers the perfect blend of coastal living, flexibility, and income potential. The main residence features 3 bedrooms plus an optional 4th bedroom, 2.5 bathrooms, and over 1,900 square feet with vaulted wood-beam ceilings, abundant natural light, a spacious loft, two fireplaces, an attached two-car garage, and multiple outdoor spaces including a fenced patio, two decks, and two balconies with ocean views, sea breezes, and SeaWorld fireworks. The private 1-bedroom, 1-bath unit has its own entrance, balcony, granite countertops, stainless steel appliances, and washer/dryer hookups, ideal for rental income, guests, extended family or home office. Walk to the beach, Mission Bay, restaurants, shops, and Belmont Park. A rare opportunity to enjoy the property as your own beach retreat, generate rental income, or invest in future development potential.
Mortgage Calculator
Est. Monthly Payment
$20,534
Location
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Zoned Schools
Elementary
Pacific Beach Elementary · grades PK-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 foundThis Property
$8,882
Comp Average
$8,636
1424 Thomas Ave
4bd / 3.5ba · 2,331 sqft · Single Family
$2.30M
Est. $8,561/mo
4064 Haines Street
4bd / 4.5ba · 2,300 sqft · Single Family
$2.80M
Est. $8,947/mo
836 Beryl Street
4bd / 4ba · 2,343 sqft · Single Family
$3.30M
Est. $9,314/mo
2636 Strand Way
4bd / 5ba · 2,626 sqft · Single Family
$4.50M
Est. $8,044/mo
2455 Amity
3bd / 2ba · 2,224 sqft · Single Family
$3.50M
Est. $8,312/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Mission Beach (Tier 4) is capped and full, with a waitlist. See the rules
Investment Score
16 leases of 3–5 bed houses within 2 mi · $7,229–$9,154
Blended 50/50 with a property-level estimate
A property-level estimate runs more than 25% above what comparable homes leased for ($7,662). Treat this rent with extra care.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$16,195/mo short at 20% down; 98% down or +$21,032/mo rent closes it.
- Break-even price
- $890,426
- Break-even rent
- $29,914/mo
- Cashflow at 35% down
- −$13,071/mo
- Down payment to break even
- 98%
- Rate to break even
- Not reachable
70% under asking
$21,032/mo above the estimate
$2,939,020 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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