749 Zanzibar Ct
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749 Zanzibar Ct

Dbottom 20%

San Diego, CA 92109

$2,750,000
STR closed · Mission Beach cap full

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.

576 licensed short-term rentals within ½ mile (501 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$16,078/mo full cashflow at 20% down, 7.43% rate.

Works at $656,571 (76% under asking); even all cash loses money at asking.

Rent $6,549/mo from 9 leases of 2–4 bed houses within 1 mi ($5,988–$6,775).

Beds

3

Baths

3

Sqft

1,544

Year Built

1981

Days on Market

96

Property Type

Single Family

HOA/mo

N/A

MLS ID

260019211SD

This property is in San Diego (92109). View neighborhood stats →

Virtual Tour

About This Property

A Mission Beach home like this is a special thing: difficult to find and even easier to choose. With 3 bedrooms, 3 baths, an optional flex room or office, plus the convenience of a bedroom and full bath on each level, the floor plan offers the kind of flexibility that adds real value to life at the beach. Ocean views from the upper deck and the prized advantage of a 2-car garage bring both charm and utility to daily life. Steps from both the ocean and the bay, with the Catamaran Resort & Spa just across the street and Mission Bay Yacht Club nearby, this is the kind of coastal living people travel the world to find and a fortunate few get to call home.

Mortgage Calculator

Est. Monthly Payment

$18,829

Principal & Interest$15,277
Property Tax$2,750
Insurance$802
%($550,000)
%
Loan Term

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.

Short-term not available here. Mission Beach (Tier 4) is capped and full, with a waitlist. See the rules

Investment Score

0D
Est. Monthly Rent
$6,549

9 leases of 2–4 bed houses within 1 mi · $5,988–$6,775

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$12,280
Full Cashflow

Incl. vacancy, PM, maint, capex

-$16,078

What would make this work?

$16,078/mo short at 20% down; +$20,881/mo rent closes it.

Break-even price

76% under asking

$656,571
Break-even rent

$20,881/mo above the estimate

$27,430/mo
Cashflow at 35% down
−$13,214/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$15,277
Cap Rate
-0.21%
Cash-on-Cash
-35.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.35

NOI (Annual)
-$5,682
Price-to-Rent

Lower = better for investors

35.0

* 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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DCashflow−$16,078/mo