803 Kennebeck Ct
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803 Kennebeck Ct

Dbottom 20%

San Diego, CA 92109

$3,499,000
STR closed · Mission Beach cap full

535 licensed short-term rentals within ½ mile (462 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$21,657/mo full cashflow at 20% down, 7.43% rate.

Works at $679,274 (81% under asking); even all cash loses money at asking.

Rent $7,385/mo from 9 leases of condos & townhomes within 2 mi, same school area, size-adjusted ($5,624–$8,049).

Beds

4

Baths

3.5

Sqft

2,277

Year Built

2021

Days on Market

95

Property Type

Condo

HOA/mo

$469.46

MLS ID

260019407SD

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

Virtual Tour

About This Property

Rare opportunity to own a detached home in the heart of Mission Beach, just 60 steps from Mission Bay and only 90 steps from the Pacific Ocean. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this coastal-inspired retreat offers the perfect blend of comfort, style, and an unbeatable location. The open-concept floor plan is filled with natural light and centers around a beautifully designed kitchen featuring a large island with seating for four, bright white cabinetry, stainless steel appliances, and abundant storage. Neutral gray paint, crisp white baseboards, and timeless finishes create a light, airy coastal feel throughout. Enjoy spacious bedrooms, indoor laundry, an attached two-car garage, and a fully enclosed front yard, perfect for relaxing after a day at the beach. Two large upper-level balconies invite you to soak in the ocean breeze, while the third-floor bonus room offers incredible versatility with built-in countertops, a sink, microwave, beer and wine refrigerator, and access to a large private balcony with peek views of both Mission Bay and the Pacific Ocean. Located in one of San Diego's most iconic beach communities, you'll be just moments from the sand, bay, Belmont Park, scenic boardwalks, waterfront paths, popular restaurants, cafés, boutique shopping, and endless outdoor recreation. Whether you're catching the sunset, biking along the boardwalk, or enjoying the vibrant coastal atmosphere, this exceptional home places the very best of Mission Beach right outside your door.

Mortgage Calculator

Est. Monthly Payment

$24,427

Principal & Interest$19,438
Property Tax$3,499
Insurance$1,021
HOA$469
%($699,800)
%
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.

Comparable Properties

3 comps found

This Property

$7,385

vs

Comp Average

$5,811

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

0D
Est. Monthly Rent
$7,385

9 leases of condos & townhomes within 2 mi, same school area, size-adjusted · $5,624–$8,049

Blended 50/50 with the zip's market median ($7,456)

Monthly Cashflow

Rent − PITIA

-$17,043
Full Cashflow

Incl. vacancy, PM, maint, capex

-$21,657

What would make this work?

$21,657/mo short at 20% down; +$28,126/mo rent closes it.

Break-even price

81% under asking

$679,274
Break-even rent

$28,126/mo above the estimate

$35,511/mo
Cashflow at 35% down
−$18,013/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)
$19,438
Cap Rate
-0.63%
Cash-on-Cash
-37.14%
DSCR

Need ≥ 1.25 for DSCR loan

0.30

NOI (Annual)
-$22,195
Price-to-Rent

Lower = better for investors

39.5

* 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−$21,657/mo