818 Queenstown Court

818 Queenstown Court

Dbottom 20%

San Diego, CA 92109

$2,195,000
NEW — 0d
STR closed · Mission Beach cap full

699 licensed short-term rentals within ½ mile (590 whole home), from the cities' license and permit lists of Nov 3, 2026.

Pass at asking: -$12,548/mo full cashflow at 20% down, 7.49% rate.

Works at $568,187 (74% under asking); even all cash loses money at asking.

Rent $5,692/mo from 8 leases of 2–4 bed houses within 1 mi ($5,547–$5,912).

Beds

3

Baths

3

Sqft

1,354

Year Built

2009

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026197SD

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

About This Property

Enjoy the best of coastal living at 818 Queenstown Court, a beautifully maintained, fully furnished detached home in the heart of Mission Beach! Quietly situated away from the main roadways, yet just steps from both the beach and bay, this inviting retreat offers an ideal combination of location, comfort, and privacy. Built in 2009, this 1,354-square-foot tri-level residence features 3 bedrooms and 3 full bathrooms, with a bedroom and bathroom conveniently located on each level, providing exceptional privacy. An attached 2-car garage offers the convenience of off-street parking, additional storage, and a stackable washer and dryer. The second-floor main living area showcases an open and airy floor plan, highlighted by beautiful cherry hardwood flooring, a well-appointed kitchen, and comfortable living and dining spaces that open directly to a generous south-facing patio--perfect for indoor-outdoor entertaining and enjoying San Diego's coastal climate. A second private patio on the third level provides another inviting outdoor space to unwind and enjoy the ocean breezes, while skylights in the upstairs bedroom fill the room with natural light. Primarily enjoyed as a second home, and previously operated for approximately six years as a lightly used, high-end vacation rental, this property reflects years of limited use and attentive upkeep. Recent updates include fresh interior paint, new carpeting, a new roll-up garage door, professionally cleaned windows with new screens where needed, and refreshed, low-maintenance, water-wise landscaping. SEE SUPPLEMENT FOR MORE! Additional highlights include central air conditioning, ceiling fans in all bedrooms and the main living area, a tankless water heater, and an attractive combination of hardwood, ceramic tile, and carpet flooring throughout. Offered fully furnished and move-in ready, this detached beach home is an ideal lock-and-leave coastal retreat, equally suited as a second home, full-time residence, or investment property. In a beach community where parking, privacy, and convenience are highly valued, 818 Queenstown Court stands out with its attached 2-car garage, no HOA, and an exceptional location just a short stroll from both the ocean and bay. Whether you're looking for a weekend getaway, a year-round coastal lifestyle, or an investment opportunity, this home offers the flexibility to enjoy Mission Beach on your own terms. Come experience the laid-back beach lifestyle and discover what makes this property so special!

Mortgage Calculator

Est. Monthly Payment

$15,101

Principal & Interest$12,266
Property Tax$2,195
Insurance$640
%($439,000)
%
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
$5,692

8 leases of 2–4 bed houses within 1 mi · $5,547–$5,912

Monthly Cashflow

Rent − PITIA

-$9,409
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,548

What would make this work?

$12,548/mo short at 20% down; +$16,295/mo rent closes it.

Break-even price

74% under asking

$568,187
Break-even rent

$16,295/mo above the estimate

$21,987/mo
Cashflow at 35% down
−$10,248/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)
$12,266
Cap Rate
0.00%
Cash-on-Cash
-34.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.38

NOI (Annual)
$39
Price-to-Rent

Lower = better for investors

32.1

* Modelled at 20% down, 7.49% 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.

Open Full Calculator
DCashflow−$12,548/mo